‘Big bank delaying tactics’ lose to Open Banking regime | Nest Egg

Knowledge is power and as of 1 July next year, bank customers will have more of it with the implementation of some aspects of the Open Banking scheme.

Treasurer Scott Morrison this week announced the government will begin implementing some of the Open Banking recommendations made in the Review into Open Banking, meaning all major banks will make available data on credit and debit card and deposit and transaction accounts by 1 July 2019.

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