Open data and open APIs are the way forward if the Australian financial services sector is to prosper in the new economy.
Reform data or banks are doomed
We need to push for the implementation of an open data regime so that we can reinvent how banking is done in Australia.
'Tears in my eyes': Tyro chief on open banking
Australia is lagging behind other markets in terms of banking innovation and we will miss out on a huge opportunity if we do not develop an API economy in the near future.
RegTech focus a huge opportunity
There needs to be better application of technology by regulators to enable a more agile financial services sector.
Australia has to catch up to compete in the digital economy
Open data is this revolutionary idea that you, as a consumer, can own the data that the banks hold on your behalf.
Foreign firms could 'colonise' Australian banking
“If we don’t get our act together and move fast, the major banks will have a problem because they don’t know how to compete, the fintechs will have a problem scaling up and the foreign colonisers will win."
How to embrace digital disruption
“Businesses in the hospitality sector need to challenge the traditional modes of business operation beyond offering a great culinary experience. They must find new ways to engage with their client base; experiment with different products; and invest more time in their online presence.”
How one digital bank is turning the payments space on its head
“By collaborating with other innovators in the payments space, we are ensuring that our customers have access to flexible payment offerings that are reliable, innovative and technology-enabled."
How open banking can open up options for SMEs
The banking sector in Australia has long held a ‘closed door’ approach, not only to SMEs but also to new players wanting to enter the market with new, innovative banking solutions that would compete with the offerings of the big banks.
Pace of reform is too slow
"There is a huge opportunity in Australia. Huge opportunities arise because there is a huge problem you can solve in a dramatically different way. That’s how I define disruption."
Why Australia needs to embrace open APIs
The slower we are to develop in terms of an open API policy, the further behind we will be in the global innovation race.
Disruption: The new frontier for governance and risk professionals
A successful organisation is one that moves away from complex organisational structures and lengthy administrative processes and constantly rethinks and learns best practice in governance. It is about up-skilling, about finding the best talent in the market and experimenting with forever changing and sophisticated technology.
Why the Royal Bank of Scotland may hold the key to open banking
The UK Government's plan for the Royal Bank of Scotland to fund initiatives that would encourage increased competition and innovation in their banking sector should be applauded and the Australian Government should be keeping a close eye on this.
Lunch with AFR: Australia's newest bank CEO, Tyro's Jost Stollmann
"Banking is a special business in my view. It is a business that wants to pay dividends, but it is also a public service. It has a huge, huge purpose of doing something for the community."
Tyro's Jost Stollmann wants to beat the big banks at small lending
"Our goal is to build the Tyro Bank that is cloud based, totally integrated and totally mobile and that provides awesome frictionless banking solutions. Tyro spent 12 years to establish itself as a tech player, and payment provider. Now we're changing the game and we're going to a very different level."
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The incredible story of a millionaire entrepreneur's journey from politics to shipwreck to business in Sydney
“I have an opinion in general: the future is entrepreneurship and the only asset class with significant returns is entrepreneurial investments. It’s a no-brainer; we’ve only seen the start of disruption and it’s going to touch all industries, all sectors, all countries."