Australia introduced a Consumer Data Right roughly a year ago. While the government plans to enforce the right in the banking sector first, no legislation has yet compelled implementation. Nevertheless, Data61 published a working draft standard for the core standard principles and a banking API.
Prepaid Financial Services announced that they will continue to welcome all API developers who are looking to integrate their solution into a full end to end banking platform that can support current accounts, SEPA payments, Faster payments and merchant acquiring solutions.
Q2 announced its Q2 Open offering. Q2 Open is a fintech API portfolio designed to bring banking features to third party app developers and financial institutions. Through an API-first approach, Q2 can deliver debit, savings, ledger, and billing services efficiently to institutions of all sizes.