Xinja Bank selects SISS Data for open banking services

Wednesday 19 August 2020 09:44 CET | News

Australia-based Xinja Bank has selected SISS Data Services as its partner to launch into the first phase of their Consumer Data Right (CDR) journey.  

This initial phase of CDR, commonly referred to as ‘open banking’, sees financial institutions share product data such as features, interest, and fees that will help consumers to make informed decisions about financial products and services. By October 2020 non-major banks and ADIs must comply with CDR regulations and make their product data available to the market.

SISS Data has created a subscription-based Product Data API to allow banks to comply and innovate without developing their own API.

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Keywords: Xinja Bank, banks, SISS Data Services, data, CDR, partnership, Consumer Data Right, Open Banking, banking, ADIs, regulation, Product Data API, API
Categories: Banking & Fintech
Countries: Australia
This article is part of category

Banking & Fintech