Heritage, Ernst & Young to offer Open Banking solution

Alin Popa

19 Feb 2021 / 5 Min Read

Heritage will use the EY team’s consulting capabilities and cloud-hosted EY Fuse Open Banking platform.

Open Banking is a new initiative being introduced in the Australian banking landscape, allowing people to share their banking data more easily with other accredited entities. The goal is to promote greater competition and create new services, products, and experiences for Australians.

For instance, customers will be able to provide other financial institutions or accredited data recipients - like financial planners or budgeting apps - access to their personal data. Through this partnership, Heritage will not only comply with the Consumer Data Right (CDR) regulations but will be positioned to capitalise on the opportunity to compete in the new world of Open Banking, as representatives say.

Countries:

Australia

Alin Popa

19 Feb 2021 / 5 Min Read

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