What is Open Banking?
Open Banking is part of the Consumer Data Right framework legislated by the Australian Government. It will give individuals and small businesses greater control over their banking information, more choice in their banking, greater ability to manage their money and more confidence in the use and value of their data.
What does it mean for Bank of us customers?
Bank of us customers will be able to share some of their customer details, account information and transaction history for some accounts with an Accredited Data Recipient.
We're not quite ready for this to happen yet but we're working hard to enable data sharing later in the year.
Where can I get more information?
Checkout the following websites for more detail about Consumer Data Right and Open Banking.
Office of the Australian Information Commissioner
