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日本語
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English
Proposals to open up access to banking data in Budget 2017 could make Australians much savvier in their use of credit scores, but research suggests most Australians aren’t savvy enough to take advantage of the changes. A key plank of the banking reforms proposed in the budget is giving Australians broader access to the information held about them by financial institutions. “The Government will increase consumer choice and improve competition in banking by giving customers access to and control over their banking data by introducing an open banking regime in Australia,” the budget papers note. “Increased access to data will improve the information available to consumers and better enable innovative business models to create new products tailored to individuals.
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