Open banking to encourage FinTechs

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The Australian Government is conducting a review into open banking in Australia so that banks – especially the Big Four – open up their APIs and let FinTechs offer new financial products and services. In Europe, open banking has already been mandated by the European Commission.
http://www.innovationaus.com/2017/08/ScoMo-to-pry-open-bank-data?

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