From 1 July 2019, the big four banks have been asked to share their product data voluntarily, which will make comparison of different products easier. While consumers are the ultimate winners with the open banking regime, it also brings significant opportunities for the FinTech industry.

Open banking brings great opportunities and greater responsibilities
General Advice Warning: This advice is general and does not take into account your objectives, financial situation or needs. You should consider whether the advice is suitable for you and your personal circumstances. Before you make any decision about whether to acquire a certain product, you should obtain and read the relevant product disclosure statement.
Advisr does not provide advice and does not hold a financial service license (AFSL). All information above has been provided by Cindy Lau.
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Cindy Lau
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