Open Banking is a financial service where customers can disclose their banking data to third parties of their choosing, giving them the freedom and control over their data. What do these changes really mean to the average person? Or, rather, to someone who is trying to save his or her small business?
Shane Doolan is the Chief Technology Officer of Adatree. We spent some time with Shane this week talking to him about Adatree’s technology and how Adatree fits into the Consumer Data Right ecosystem.
Adatree has released its new Open Banking Data Sandbox so companies can easily see what types of data they can receive through the Consumer Data Right. This demonstrates the easy-to-use Adatree Recipient Platform Banking API and interacts with a static, CDR conformant dataset.
Adatree announces the launch of the country’s first turnkey pre-accreditation Open Banking solution: the Open Banking Industry Sandbox.
Adatree announces the launch of the country’s first turnkey pre-accreditation Open Banking solution: the Open Banking Industry Sandbox.
An innovative Open Banking solution, the Industry Sandbox is designed to kick-start Open Banking for any use case, industry or sector. It is fully managed and includes everything needed for organisations to build out their Open Banking experiences and Proof of Concepts.
Open Banking – is it just for banks? What are the common use cases? Which are the most impactful? What industries will benefit from participating?
Adatree, a technology company specialising in Consumer Data Right compliance, announced today that they have released the first aggregation of banking product information using the new Open Banking Application Programming Interfaces (APIs).
We’re already providing access to consented banking data from every Australian source, and we’re readying our service offering to include Australia’s Open Energy launch scheduled for the end of 2022.
“We are proud to launch the world’s first Open Energy Platform for companies wanting to access and leverage regulated energy data,” explains Adatree CEO Jill Berry.
“This exemplifies Adatree’s commitment to providing our customers with access to every industry data source available in the Consumer Data Right ecosystem.”
“Australia is uniquely different from other countries in its intention to extend consented data sharing across many industries. It’s a bold move for our country that requires a long-term view and a complex roadmap, but the payoff is that it will accelerate Australia’s digital economy and ultimately lead to more competition, choice and control for Australian consumers and businesses. Adatree is committed to staying at the forefront of the CDR roadmap and enabling data sharing for any use case, no matter the industry or business.”
While CDR enables accredited entities to receive and leverage CDR data on behalf of consumers, this doesn’t necessarily work for all companies.
Adatree acknowledges Aboriginal and Torres Strait Islander peoples as the traditional owners of our lands throughout Australia. Our headquarters are located on the lands of the the Gadigal people of the Eora Nation. We pay our respect to their culture and to Elders past, present and emerging.
Adatree Pty Ltd
Level 2, 58-62 Kippax St Surry Hills
NSW 2010
(02) 8017 1118
© Adatree Pty Ltd
