Issue 27: Lots of press on screen scraping, Solar Analytics goes live, more CDR Reps and Software Products
There is a lot going on in the Consumer Data Right, multiple consultations, and a lot of press around the possible withdrawal of screen scraping. There have been a few interesting changes in the registry, Solar Analytics is now live with its own Software Product, and Entain Group is gone completely.
From open banking into the future
Equifax Mortgage Brorker Pulse Survey findings noted that 16.5% of Mortgage Brokers were planning to adopt new digital solutions.
“Fuelling these changes is a barrage of quality customer data made accessible by open banking to financial firms. Open banking was also expected to supercharge competition by providing customers with more options and making it easier for them to switch lenders.”
The article enforces the need for data quality to allow further adoption.
Article link: From open banking into the future
The future of banking is open, secure and competitive, says Frollo
This article discusses Open Banking for consumers looking to refinance. It suggests Open Banking will enable greater competition among big banks and assist the mutual banks.
It continues to discuss screen scraping and the possibility of it being withdrawn.
Article link: The future of banking is open, secure and competitive, says Frollo
The future of open banking rests on innovation
Mastercard sponsored, general article covering Open Banking. Including consumer trust and recent changes.
Article link: The future of open banking rests on innovation
'Cash stuffing' is the budgeting hack gaining popularity on social media. Here's how it works
An interesting article discussing “cash stuffing”, the process of using cash to budget and manage spending. Financial expert and CEO of WeMoney Daniel Jovevski said the rise in popularity of cash stuffing took him by surprise.
I believe that cash stuffing does mean that the number of easy payment options is causing some issues for a segment of the population. It also points out that group of consumers find Personal Finance Management PFM tools don’t work.
Article link: 'Cash stuffing' is the budgeting hack gaining popularity on social media. Here's how it works
NextGen applauds move to ban screen scraping
NextGen the owner of Frollo makes some comments around the withdrawal of screen scraping.
Article link: NextGen applauds move to ban screen scraping
Entain Group no longer active with Basiq
Entain Group, a major provider of online gambling services is no longer a CDR Representative with Basiq.
Entain is no longer listed as a CDR Representative and the Software Product DRSP000150 - Entain Group Pty Ltd is also no longer listed.
Solar Analytics goes live with their Software Product
The new Software Product DRSP000209 is now live. “Solar Analytics connects to your solar system and your energy retailer, allowing you to view your solar production and energy usage in one place. Solar Analytics maximises your solar savings through being able to view daily and aggregated usage data (so you can self-consume more of your solar energy), personalised energy plan and battery calculator recommendations, analysis and tracking of your electricity bills and solar savings, and true performance monitoring.”
How Open Data is Shaping the Future of Personal Finance
FinTech Australia panel discussion on how Open Data is shaping the future of finance. The panel includes Dan Jovevski from WeMony, Simone Jammett from Experian, and Jason Leaong from PocketSmith all current Open Banking ADRs or CDR Representatives.
CDR Representative Arrangements
Basiq Pty Ltd
Finfity Pty Ltd
Start Date: 01/09/2023Basiq Pty Ltd
PokitPal Pty Limited
Start Date: 11/09/2023
Notes: PokitPal is a cashback shopping platform.
Web page: https://pokitpal.com/
Yodlee, Inc.
Dineiro Pty Ltd
Start Date: 10/09/2023
Notes: Financial analysis platform for Mortgage Brokers, Financial Advisors, Property Advisors and Tax Accountants.
Web page: https://dineiro.app/
New Software Products
Adatree Pty Ltd
DRSP000213 - Upworth
Active
Solar Analytics
DRSP000209 - Solar Analytics
Active