Australian Open Banking Ecosystem Map and Report
2nd Edition - March 2023
A collaboration by
Australian Open Banking Ecosystem Map and Report
March 2023
Quick CDR Facts
at March 2023
?
95
Active Data Holders
Consumer Bank Account Coverage
Accredited Data Recipients & Other Access Models
Number of consumer consents
99.25%
95%
Data Recipients have grown 10% with CDR Representatives still the most popular access model
ADRs, CDR Representative and Trusted Advisors have grown 10% since December 2022 with CDR Representatives making up almost 60% of all Data Recipients.
Consumer Finance is still the focus
Consumer focussed value propositions continue to dominate the participating industries. Consumer banking, lending, personal finance and wealth and investments making up greater than 50% of the participation.
Fintechs continue to lead the way as data recipients
Fintech’s make up the largest cohort of data recipients making up almost 50% of all data recipients and showing the way for the innovators and early adopters in the open banking ecosystem.
More banks are moving into active status but only 10% of banks have become ADRs
Positively we saw Westpac and Bank of Queensland move from inactive to active status on the register. However, banks are still slow to become ADRs with only 10% of banks currently accredited as a Data Recipient.
Looking to get added to the Ecosystem Map?
Whilst we endeavour to collect information on all participants during our research, we might miss participants from time to time. If you would like to request an addition or amendment to the Australian Open Banking Ecosystem Map please fill out the form below.