With the CDR now in effect, Australian banks are racing to comply with the Consumer Data Standards before July 2021.
Our technology is already helping banks of all sizes in Australia meet evolving regulatory obligations and explore commercial use cases.
Here are some resources that can help you accelerate your programme:
How WSO2 Enabled Open Banking at Société Générale International Retail Banking Services
Explore how Société Générale and WSO2's strategic partnership for open banking was able to overcome the difficulties that incumbent banks face when adapting quickly to market changes.Watch Now
WSO2 Open Banking is purpose-built for Australian banks to secure continuous compliance with the Consumer Data Right and rapidly explore commercial use cases ahead of the competition.
|We'll help you comply with the regulation's Open API and security requirements||
We are part of the Data Standards technical working group and follow the regulation closely. We will ensure that the open banking solution is updated as and when the specification and security updates are released. This frees your team’s time to focus on more pressing tasks.
|Our technology model and team, work well with yours||
We provide pricing and engagement models catering to banks of any size. We also provide training programs that get your teams up-and-running with our technology in record time.
|We assist in communicating the benefits of open banking to your customers||
Our work with Australian and European banks revealed key concerns consumers have with open banking. We’ll use these as examples and draw on our experience to help you build trust among your customers. The earlier you educate your customers, the more trust you build in them.
|Use us to prepare for digital banking initiatives in Australia||
As open banking takes off, your customers will demand more services and products that make their lives easier. Your IT infrastructure needs to scale to meet these new demands. Our platform and domain expertise make us the ideal technology partner to help you become a market leader in digital banking.