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WeMoney accredited for Open Banking in Australia

Tuesday 15 February 2022 11:30 CET | News

WeMoney, an Australia-based financial wellness, has been accredited for Open Banking in Australia as an Authorised Data Recipient under Australia’s Consumer Data Right (CDR).

The fintech boasts over 200,000 downloads since launch and is aimed at allowing Gen Z to receive a full 360 view of all their finances, credit scores and access a community to receive hints and tips on saving money and achieving financial goals faster.

This seminal accreditation is posed to take WeMoney into the future of enabling consumers to better understand their finances, with seeing how they spend their money and find opportunities to save on everyday expenses and financial products.

WeMoney is currently working to implement these changes with a view to making Open Banking live on the WeMoney app before the end of 2022.


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Keywords: Open Banking, regulation, financial services, data, personal finance management
Categories: Banking & Fintech
Companies: WeMoney
Countries: Australia
This article is part of category

Banking & Fintech

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