- May 8, 2018
- PSD2
- Open Banking, PSD2
Budget 2018: Open Banking a step closer
Australia’s fintech sector will be pleased by the federal government’s budget commitment to spend $44.6 million over four years to establish a Consumer Data Right (CDR). The CDR is a necessary building block for the progress of Open Banking, and is designed to make it easier for consumers to access their financial records and transfer information between financial institutions.