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TrueLayer launches guide on Open Banking in Australia

Wednesday 17 November 2021 14:03 CET | News

Fintech player TrueLayer has published its guide on Open Banking in Australia.

The guide covers how Open Banking works, how it is regulated, the benefits of Open Banking for consumers, the timeline for Open Banking in Australia, the difference between a Data Holder (DH) and an Accredited Data Recipient (ADR) and the role of intermediaries.

The guide also references the current and expected situations with Open Banking payments in Australia. TrueLayer expects that Open Banking payments should be prioritised and is preparing to launch Open Banking payments in Australia in 2022.


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Keywords: Open Banking, report, Open Finance, online payments
Categories: Banking & Fintech
Companies:
Countries: Australia
This article is part of category

Banking & Fintech






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