E07 - Open Banking - What is it? - It's coming!!
Tell us what you really think!
English - August 07, 2020 07:30 - 25 minutes - 24 MBInvesting Business Marketing finance marketing books Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed
Sean and Anthony speak about "Open Banking".. what on earth is open banking? How will it affect Australian's and will you be able to benefit by using platforms that use open banking technology.
The government have endorsed this, the banks are on board, it's huge in the UK and the US... Now what will Aus do.
There is no doubt the media will hype this as unsafe, even knowing it uses the same technology the banks use... the banks won't encourage it either. The Government is making the banks participate so that consumers can easily compare their products and services against other providers.... this means, their less than desirable pricing will easily be caught out.
We talk about the changes in the space, the government adaptation, the banking adaptation, and what's next.
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