One in Three Australians Willing to Allow Banks to Share Data for Open Banking-based Services, But Concern About Security Practices Must Be Overcome

One in Three Australians Willing to Allow Banks to Share Data for Open Banking-based Services, But Concern About Security Practices Must Be Overcome

New research from Unisys Corporation (NYSE: UIS) into Australia’s banking industry reveals that almost a third of Australians are willing to support data sharing in an open banking environment, but only if privacy and security concerns are addressed. The research also found Australian consumers are less willing than those in other Asia Pacific countries to embrace new bank services based on emerging technologies such as artificial intelligence (AI) and machine learning – but younger generations are driving change.

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