Banks

The Consumer Data Right Bill: a more transparent future for your financial data

Open Banking empowers consumers to request their financial data is made available to accredited third parties such as utility providers, fintechs or other banks, leading to more transparent decision making.

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Bank fraud, and wider financial scams are on the up – and Australia is badly hit.

The inaugural KPMG Global Banking Fraud Survey has found that 61 percent of banks have reported an increase in external fraud in value and volume over the past three years.

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