Fintech Fridays - Open Banking - Opportunity Or Threat?
23 October 2020
Over the last few years, we’ve seen the Australian Fintech ecosystem mature. Fintechs have surged on a wave of financial growth, market opportunities and a thriving investment environment - while being boosted by new regulatory conditions to support entrepreneurship and the rise of non-traditional finance.
However, with over three quarters of Australian fintechs not yet making a profit, the COVID-19 crisis has threatened a flourishing sector, with many companies grappling with survival. This has been compounded by the subsequent market downturn, impacting the short-term viability of fintechs’ revenue and customer growth.
BDO is pleased to have launched the Fintech Fridays webinar series. Each session takes a deep dive into the diverse subsectors of the fintech space.
In our third webinar, Tim Aman, BDO Global Fintech Leader, and Adam Simms, BDO Forensic Services Partner, host Adatree Founder & CEO, Jill Berry, to discuss the open banking in Australia, including:
- The road to open banking
- CDR overview and participants
- CDR as an enabler - explore smoother/smarter framework
- Use cases - identification, switching as a service, CDR for credit monitoring
- Know your customer (KYC)
- Assurance of CDR
- How to comply with AML/CTF regulations
More Fintech Friday webinars