Intersekt23 gathered the foremost fintech experts from the region for an incredibly thought-provoking conference. Victor Leung, Chief Marketing Officer at Basiq put pen to paper on what piqued his interest over the course of the two-day event.
The Consumer Data Right and Open Banking is quickly changing the landscape of financial services in Australia.
In this informative article we explore the basics of Open Banking in Australia, looking at its benefits, the key players, accreditation, security and much more.
Hello World. I have some exciting news: Cuscal Limited has successfully acquired Basiq! When you start a business, you dream of having a successful exit and retiring on a magical island. But in reality, it’s more like seeing your child grow up and leave home – a mix of sadness and pride, knowing it’s not goodbye but the start of a new chapter.
Cuscal and Basiq have entered into a binding agreement under which Cuscal will acquire a controlling interest in Basiq, subject to customary conditions. This acquisition brings positive news to the recent investment downturn and provides hope for local homegrown start-ups.
Open finance API platform, Basiq, has launched a campaign to raise awareness of the imminent risk to businesses relying on access to customer banking data via web connectors, encouraging them to make the move to Open Banking as soon as possible.
Until recently, web connectors were the most reliable way to access customer banking data. However, big external changes have seriously impacted businesses relying on this data method to connect with banks and service their customers.
Basiq customers across a range of use cases are already seeing the benefits of Open Banking. Because of this, we have a unique perspective on how Open Banking is performing. Read on to find out more.