This article examines the key technology components required for open banking in Australia and how to build your technology vision to stay true to your open banking goals.
Privacy has become a very significant global concern, not limited to any specific country or geographical area. Massive data breaches, data misuse by some large enterprises, and unauthorized surveillance have fueled large scale social movements that demand better privacy regulations and secure technologies. The General Data Protection Regulation (GDPR) in the European Union and the California Consumer Privacy Act (CCPA) are some of the best examples of modern-day privacy regulations that try to address key privacy concerns at present.
