Australian Open Banking Ecosystem Map and Report

3rd Edition - August 2023

A collaboration by

Australian Open Banking Ecosystem Map and Report

August 2023

Quick CDR Facts

at August 2023

?

144 (+52%)

Active Data Holders

Consumer Bank Account Coverage

Accredited Data Recipients & Other Access Models

Number of consumer consents since 1 July 2020

99.74%

95%

“This report is not only a timely reminder of where we are at with the Open Banking rollout going into its third year, but also a crucial roadmap for industry on what needs to be done to progress it.

Enhancing the customer experience and ensuring consumers fully benefit from the technology remains a core component of the CDR rollout, and we are heartened to hear that the sector is still united in this goal.”

— Rehan D’Almeida, GM FinTech Australia

“The scope of CDR presents extraordinary opportunities for innovation. Across policy, regulations and the products, services and business models that can help everyday Australians. The world is watching at this phase in its evolution as open data initiatives and responsible technology development build in momentum globally. But there's still much work to optimise Open Banking that can help to future proof the success of the CDR ecosystem.”

— Mat Mytka, Chapter Lead FDATA ANZ

“It has been really exciting to see Open Banking in Australia develop into a connected ecosystem in only two and a half years from going live. Getting here has required enormous effort by Government, banks, fintechs and other businesses who see the value in becoming accredited. Now, it’s onwards and upwards as we bring more use cases to market and extend into true Open Finance.”

— Jennifer Harrison, Co-Founder, Open Finance ANZ

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.