ID Exchange rolls out Open Banking platform for fintechs

Tuesday 29 September 2020 13:05 CET | News

Australia-based privacy and data-sharing tech firm ID Exchange has provided access to a plug-and-play data-sharing Open Banking platform to help fintechs.

Utility-style platforms which help fintechs address complex privacy and compliance elements without the costly outlays will create new opportunities to share consented, personal data. UK-based data-sharing platform, represented by ID Exchange in Australia and New Zealand, allows app developers to build tailored services with access to data from multiple sources (often referred to as hyper-personalised services), according to the official press release. has now integrated data flow channels for most Australia-based banks, super funds, and social channels (Facebook, Twitter, Instagram, Spotify etc). To help Australian fintechs, ID Exchange is offering the first 5000 consented data access transactions at no cost for local applications offering consumers tailored value exchanges via the platform.

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Keywords: ID Exchange, open banking platform, fintechs, Australia, Open Banking, data-sharing, utility platforms,, New Zealand, app developers, hyper personalised services, data flow channels, banks, super funds, social channels, Facebook, Twitter, Instagram, Spotify
Categories: Banking & Fintech
Countries: Australia
This article is part of category

Banking & Fintech

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