Through the partnership, Heritage Bank will be able to use EY team'sconsulting capabilities and cloud-hosted EY Fuse Open Banking platform to boost its open banking initiative.
Peter Lock, Heritage Bank CEO, said it is crucial move for the bank to partner with an institution that has "rock solid" infrastructure in the Open Banking space.
Lock believes that the goal of Open Banking is to promote greater competition and create new services and products for Australian consumers.
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