{"id":10712,"date":"2022-12-08T09:30:16","date_gmt":"2022-12-07T22:30:16","guid":{"rendered":"https:\/\/basiq.io\/?p=10712"},"modified":"2023-11-23T04:38:11","modified_gmt":"2023-11-23T04:38:11","slug":"new-campaign-warns-businesses-are-playing-with-fire-when-it-comes-to-data-access","status":"publish","type":"post","link":"https:\/\/www.basiq.io\/blog\/new-campaign-warns-businesses-are-playing-with-fire-when-it-comes-to-data-access\/","title":{"rendered":"Campaign warns businesses are \u2018playing with fire\u2019 when it comes to data access"},"content":{"rendered":"\n<p class=\"eplus-wrapper\">Open Banking is part of the <a href=\"https:\/\/www.cdr.gov.au\/\" data-type=\"URL\" data-id=\"https:\/\/www.cdr.gov.au\/\" target=\"_blank\" rel=\"noreferrer noopener\">Consumer Data Right (CDR)<\/a>, developed by the Australian Government to give consumers more control over their data, enabling them to share it with accredited third parties for purposes such as personal finance management, and wealth and investment applications.&nbsp;<\/p>\n\n\n\n<p class=\"eplus-wrapper\">Founder and CEO of Basiq, Damir Cuca, warns that businesses not already taking steps towards Open Banking are playing with fire and need to consider how they will future-proof themselves against disruptions to data connectivity.<\/p>\n\n\n\n<p class=\"eplus-wrapper\">\u201cHow would it impact your business if it was unable to connect to just one of the major banks? For many this would be seriously problematic. We are already aware of three major banks actively implementing measures preventing access to web-connected data,\u201d said Damir.<\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading eplus-wrapper\">Challenges with fraud<\/h2>\n\n\n\n<p class=\"eplus-wrapper\">Financial institutions have rightfully introduced rigorous security measures to protect customers from a significant increase in fraudulent activity. Australian consumers and businesses lost more than A$2 billion to scams in 2021, more than double the $851 million reported lost in 2020 (<a href=\"https:\/\/www.accc.gov.au\/publications\/targeting-scams-report-on-scam-activity\/targeting-scams-report-of-the-accc-on-scams-activity-2021\" target=\"_blank\" rel=\"noreferrer noopener\">ACCC<\/a>). New protections, however, have reduced the availability of customer banking data via web connectors.&nbsp;<\/p>\n\n\n\n<p class=\"eplus-wrapper\">Additionally, recent major data breaches have made consumers more vigilant when it comes to data sharing, increasing the risk to data access. Almost one-third of Australians report they have been exposed to a data breach in the previous 12 months (<a href=\"https:\/\/csrm.cass.anu.edu.au\/research\/publications\/public-exposure-and-responses-data-breaches-australia-october-2022?fbclid=IwAR0ikDb_yM9wXKsGSGNFDtlf6rZoVhlg2hDAjf69JoRv2HUP9oHEzfLHJxM\" target=\"_blank\" rel=\"noreferrer noopener\">ANU<\/a>).&nbsp;<\/p>\n\n\n\n<p class=\"eplus-wrapper\">Damir says that industry has been able to develop workaround solutions so far, but as banks\u2019 security measures become more sophisticated, fixes are becoming more difficult and not guaranteed.<\/p>\n\n\n\n<p class=\"eplus-wrapper\">\u201cIt is no longer efficient to continue band-aid fixing a degrading system when there is a better alternative for accessing banking data already available; for both businesses and consumers. We know banking web connectors are on their way out. This view was supported in the final paper from the <a href=\"https:\/\/treasury.gov.au\/publication\/p2022-314513\" target=\"_blank\" rel=\"noreferrer noopener\">Statutory Review of the CDR<\/a> that recommended banning web connectors in the near future where the CDR is a viable alternative,\u201d said Damir.&nbsp;<\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading eplus-wrapper\">Open Banking is here<\/h2>\n\n\n\n<p class=\"eplus-wrapper\">\u201cWe want to make sure businesses are ready for when that time comes, especially taking into consideration the time it takes to become CDR accredited. It\u2019s time to stop referring to Open Banking as a future state, because it is already here. The ecosystem is rapidly expanding and we can no longer rely on web connectors alone to access banking data.\u201d<\/p>\n\n\n\n<p class=\"eplus-wrapper\">Basiq has <a href=\"http:\/\/3.106.14.68\/open-for-banking\" data-type=\"URL\" data-id=\"http:\/\/3.106.14.68\/open-for-banking\">developed a webpage<\/a> to educate businesses on the progress of Open Banking, including comments from current users, and resources to help them make informed decisions about becoming accredited.&nbsp;<\/p>\n\n\n\n<p class=\"eplus-wrapper\">\u201cI hope this campaign will encourage others to commit to the future of data access in Australia and make the move. Not only to ensure the continuation of many Australian fintechs relying on banking data, but also to protect consumers and ensure they have choice and receive value from the data they create. Ultimately, Open Banking provides a more consistent and secure experience that will only continue to improve with time,\u201d concluded Damir.\u00a0<\/p>\n\n\n\n<p class=\"eplus-wrapper\"><br><strong>For more information, visit the<a rel=\"noreferrer noopener\" href=\"https:\/\/www.basiq.io\/blog\/new-campaign-warns-businesses-are-playing-with-fire-when-it-comes-to-data-access\" data-type=\"URL\" data-id=\"https:\/\/www.basiq.io\/blog\/new-campaign-warns-businesses-are-playing-with-fire-when-it-comes-to-data-access\" target=\"_blank\"> <\/a><a rel=\"noreferrer noopener\" href=\"http:\/\/3.106.14.68\/open-for-banking\" data-type=\"URL\" target=\"_blank\">campaign homepage<\/a>. <\/strong><\/p>\n\n\n\r\n<div class=\"accordion accordion--simple js-scroll-animation\" id=\"accordion\" data-aos=\"child\">\r\n\t<div class=\"accordion-item\">\r\n\t\t<div class=\"accordion-title\">\r\n\t\t\t<h5>\r\n\t\t\t\tArticle Sources\t\t\t<\/h5>\r\n\t\t<\/div><!-- \/.accordion-title -->\r\n\r\n\t\t<div class=\"accordion-header\" id=\"accordion-heading-article-sources69e1f60732ac4\">\r\n\t\t\t<button\r\n\t\t\tclass=\"accordion-button collapsed\"\r\n\t\t\ttype=\"button\"\r\n\t\t\tdata-bs-toggle=\"collapse\"\r\n\t\t\tdata-bs-target=\"#accordion-article-sources69e1f60732ac4\"\r\n\t\t\taria-expanded=\"false\"\r\n\t\t\taria-controls=\"accordion-article-sources69e1f60732ac4\">\r\n\t\t\t\t<strong>\r\n\t\t\t\t\tArticle Sources\t\t\t\t<\/strong>\r\n\r\n\t\t\t\t<strong>\r\n\t\t\t\t\t<span>\r\n\t\t\t\t\t\tRead more\t\t\t\t\t<\/span>\r\n\r\n\t\t\t\t\t<span>\r\n\t\t\t\t\t\tRead less\t\t\t\t\t<\/span>\r\n\t\t\t\t<\/strong>\r\n\t\t\t<\/button>\r\n\t\t<\/div><!-- \/.accordion-header -->\r\n\r\n\t\t<div\r\n\t\t\tid=\"accordion-article-sources69e1f60732ac4\"\r\n\t\t\tclass=\"accordion-collapse collapse\"\r\n\t\t\taria-labelledby=\"accordion-heading-article-sources69e1f60732ac4\"\r\n\t\t\tdata-bs-parent=\"#accordion\"\r\n\t\t>\r\n\t\t\t<p>Basiq mandates its writers to leverage primary sources such as internal data, industry research, white papers, and government data for their content. They also consult with industry professionals for added insights. Rigorous research, review, and fact-checking processes are employed to uphold accuracy and ethical standards, while valuing reader engagement and adopting inclusive language. Continuous updates are made to reflect current financial technology trends. You can delve into the principles we adhere to for ensuring reliable, actionable content in our <a href=\"http:\/\/docs.basiq.io\/en\/articles\/8461896-basiq-s-editorial-policy\" target=\"_blank\" rel=\"noopener\">editorial policy<\/a>.<\/p>\n\t\t<\/div><!-- \/.accordion-collapse -->\r\n\t<\/div><!-- \/.accordion-item -->\r\n<\/div><!-- \/.accordion -->\r\n","protected":false},"excerpt":{"rendered":"<p>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.<\/p>\n","protected":false},"author":28,"featured_media":13940,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[12],"tags":[15,20],"class_list":["post-10712","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-basiq-in-the-news","tag-open-banking","tag-cdr"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Campaign warns businesses are \u2018playing with fire\u2019 when it comes to data access | Open Banking API Platform - Basiq<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.basiq.io\/blog\/new-campaign-warns-businesses-are-playing-with-fire-when-it-comes-to-data-access\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Campaign warns businesses are \u2018playing with fire\u2019 when it comes to data access | Open Banking API Platform - Basiq\" \/>\n<meta property=\"og:description\" content=\"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.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.basiq.io\/blog\/new-campaign-warns-businesses-are-playing-with-fire-when-it-comes-to-data-access\/\" \/>\n<meta property=\"og:site_name\" content=\"Open Banking API Platform - Basiq\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-07T22:30:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-23T04:38:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.basiq.io\/blog\/wp-content\/uploads\/2022\/12\/10712_Businessesareplayingwithfire_1280x720_v4.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Shannon Rennie\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shannon Rennie\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.basiq.io\/blog\/new-campaign-warns-businesses-are-playing-with-fire-when-it-comes-to-data-access\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.basiq.io\/blog\/new-campaign-warns-businesses-are-playing-with-fire-when-it-comes-to-data-access\/\"},\"author\":{\"name\":\"Shannon Rennie\",\"@id\":\"https:\/\/www.basiq.io\/blog\/#\/schema\/person\/47ece154126f616638760755503c5c09\"},\"headline\":\"Campaign warns businesses are \u2018playing with fire\u2019 when it comes to data access\",\"datePublished\":\"2022-12-07T22:30:16+00:00\",\"dateModified\":\"2023-11-23T04:38:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.basiq.io\/blog\/new-campaign-warns-businesses-are-playing-with-fire-when-it-comes-to-data-access\/\"},\"wordCount\":514,\"image\":{\"@id\":\"https:\/\/www.basiq.io\/blog\/new-campaign-warns-businesses-are-playing-with-fire-when-it-comes-to-data-access\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.basiq.io\/blog\/wp-content\/uploads\/2022\/12\/10712_Businessesareplayingwithfire_1280x720_v4.jpg\",\"keywords\":[\"Open Banking\",\"CDR\"],\"articleSection\":[\"Basiq In The News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.basiq.io\/blog\/new-campaign-warns-businesses-are-playing-with-fire-when-it-comes-to-data-access\/\",\"url\":\"https:\/\/www.basiq.io\/blog\/new-campaign-warns-businesses-are-playing-with-fire-when-it-comes-to-data-access\/\",\"name\":\"Campaign warns businesses are \u2018playing with fire\u2019 when it comes to data access | Open Banking API Platform - Basiq\",\"isPartOf\":{\"@id\":\"https:\/\/www.basiq.io\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.basiq.io\/blog\/new-campaign-warns-businesses-are-playing-with-fire-when-it-comes-to-data-access\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.basiq.io\/blog\/new-campaign-warns-businesses-are-playing-with-fire-when-it-comes-to-data-access\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.basiq.io\/blog\/wp-content\/uploads\/2022\/12\/10712_Businessesareplayingwithfire_1280x720_v4.jpg\",\"datePublished\":\"2022-12-07T22:30:16+00:00\",\"dateModified\":\"2023-11-23T04:38:11+00:00\",\"author\":{\"@id\":\"https:\/\/www.basiq.io\/blog\/#\/schema\/person\/47ece154126f616638760755503c5c09\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.basiq.io\/blog\/new-campaign-warns-businesses-are-playing-with-fire-when-it-comes-to-data-access\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.basiq.io\/blog\/new-campaign-warns-businesses-are-playing-with-fire-when-it-comes-to-data-access\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.basiq.io\/blog\/new-campaign-warns-businesses-are-playing-with-fire-when-it-comes-to-data-access\/#primaryimage\",\"url\":\"https:\/\/www.basiq.io\/blog\/wp-content\/uploads\/2022\/12\/10712_Businessesareplayingwithfire_1280x720_v4.jpg\",\"contentUrl\":\"https:\/\/www.basiq.io\/blog\/wp-content\/uploads\/2022\/12\/10712_Businessesareplayingwithfire_1280x720_v4.jpg\",\"width\":1280,\"height\":720},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.basiq.io\/blog\/new-campaign-warns-businesses-are-playing-with-fire-when-it-comes-to-data-access\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.basiq.io\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Campaign warns businesses are \u2018playing with fire\u2019 when it comes to data access\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.basiq.io\/blog\/#website\",\"url\":\"https:\/\/www.basiq.io\/blog\/\",\"name\":\"Open Banking API Platform - Basiq\",\"description\":\"Basiq is the leading open banking api platform enabling developers to build innovative financial solutions. We provide secure access to customer-consented financial data and powerful APIs that uncover valuable insights.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.basiq.io\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.basiq.io\/blog\/#\/schema\/person\/47ece154126f616638760755503c5c09\",\"name\":\"Shannon Rennie\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/secure.gravatar.com\/avatar\/68f760bec55ab1d119d47a2593ca639501aa7dc5eb8ef43e20a4405ad41117b9?s=96&d=blank&r=g\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/68f760bec55ab1d119d47a2593ca639501aa7dc5eb8ef43e20a4405ad41117b9?s=96&d=blank&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/68f760bec55ab1d119d47a2593ca639501aa7dc5eb8ef43e20a4405ad41117b9?s=96&d=blank&r=g\",\"caption\":\"Shannon Rennie\"},\"description\":\"Shannon Rennie is the Communications Manager at Basiq, where she brings a wealth of experience in content writing and management from previous positions within government departments and Boston Consulting Group. In her spare time Shannon enjoys bouldering and the great outdoors, often exploring her native ACT with her partner and their dog Kev.\",\"url\":\"https:\/\/www.basiq.io\/blog\/author\/shannon-rennie\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Campaign warns businesses are \u2018playing with fire\u2019 when it comes to data access | Open Banking API Platform - Basiq","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.basiq.io\/blog\/new-campaign-warns-businesses-are-playing-with-fire-when-it-comes-to-data-access\/","og_locale":"en_US","og_type":"article","og_title":"Campaign warns businesses are \u2018playing with fire\u2019 when it comes to data access | Open Banking API Platform - Basiq","og_description":"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.","og_url":"https:\/\/www.basiq.io\/blog\/new-campaign-warns-businesses-are-playing-with-fire-when-it-comes-to-data-access\/","og_site_name":"Open Banking API Platform - Basiq","article_published_time":"2022-12-07T22:30:16+00:00","article_modified_time":"2023-11-23T04:38:11+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/www.basiq.io\/blog\/wp-content\/uploads\/2022\/12\/10712_Businessesareplayingwithfire_1280x720_v4.jpg","type":"image\/jpeg"}],"author":"Shannon Rennie","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Shannon Rennie","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.basiq.io\/blog\/new-campaign-warns-businesses-are-playing-with-fire-when-it-comes-to-data-access\/#article","isPartOf":{"@id":"https:\/\/www.basiq.io\/blog\/new-campaign-warns-businesses-are-playing-with-fire-when-it-comes-to-data-access\/"},"author":{"name":"Shannon Rennie","@id":"https:\/\/www.basiq.io\/blog\/#\/schema\/person\/47ece154126f616638760755503c5c09"},"headline":"Campaign warns businesses are \u2018playing with fire\u2019 when it comes to data access","datePublished":"2022-12-07T22:30:16+00:00","dateModified":"2023-11-23T04:38:11+00:00","mainEntityOfPage":{"@id":"https:\/\/www.basiq.io\/blog\/new-campaign-warns-businesses-are-playing-with-fire-when-it-comes-to-data-access\/"},"wordCount":514,"image":{"@id":"https:\/\/www.basiq.io\/blog\/new-campaign-warns-businesses-are-playing-with-fire-when-it-comes-to-data-access\/#primaryimage"},"thumbnailUrl":"https:\/\/www.basiq.io\/blog\/wp-content\/uploads\/2022\/12\/10712_Businessesareplayingwithfire_1280x720_v4.jpg","keywords":["Open Banking","CDR"],"articleSection":["Basiq In The News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.basiq.io\/blog\/new-campaign-warns-businesses-are-playing-with-fire-when-it-comes-to-data-access\/","url":"https:\/\/www.basiq.io\/blog\/new-campaign-warns-businesses-are-playing-with-fire-when-it-comes-to-data-access\/","name":"Campaign warns businesses are \u2018playing with fire\u2019 when it comes to data access | Open Banking API Platform - Basiq","isPartOf":{"@id":"https:\/\/www.basiq.io\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.basiq.io\/blog\/new-campaign-warns-businesses-are-playing-with-fire-when-it-comes-to-data-access\/#primaryimage"},"image":{"@id":"https:\/\/www.basiq.io\/blog\/new-campaign-warns-businesses-are-playing-with-fire-when-it-comes-to-data-access\/#primaryimage"},"thumbnailUrl":"https:\/\/www.basiq.io\/blog\/wp-content\/uploads\/2022\/12\/10712_Businessesareplayingwithfire_1280x720_v4.jpg","datePublished":"2022-12-07T22:30:16+00:00","dateModified":"2023-11-23T04:38:11+00:00","author":{"@id":"https:\/\/www.basiq.io\/blog\/#\/schema\/person\/47ece154126f616638760755503c5c09"},"breadcrumb":{"@id":"https:\/\/www.basiq.io\/blog\/new-campaign-warns-businesses-are-playing-with-fire-when-it-comes-to-data-access\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.basiq.io\/blog\/new-campaign-warns-businesses-are-playing-with-fire-when-it-comes-to-data-access\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.basiq.io\/blog\/new-campaign-warns-businesses-are-playing-with-fire-when-it-comes-to-data-access\/#primaryimage","url":"https:\/\/www.basiq.io\/blog\/wp-content\/uploads\/2022\/12\/10712_Businessesareplayingwithfire_1280x720_v4.jpg","contentUrl":"https:\/\/www.basiq.io\/blog\/wp-content\/uploads\/2022\/12\/10712_Businessesareplayingwithfire_1280x720_v4.jpg","width":1280,"height":720},{"@type":"BreadcrumbList","@id":"https:\/\/www.basiq.io\/blog\/new-campaign-warns-businesses-are-playing-with-fire-when-it-comes-to-data-access\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.basiq.io\/blog\/"},{"@type":"ListItem","position":2,"name":"Campaign warns businesses are \u2018playing with fire\u2019 when it comes to data access"}]},{"@type":"WebSite","@id":"https:\/\/www.basiq.io\/blog\/#website","url":"https:\/\/www.basiq.io\/blog\/","name":"Open Banking API Platform - Basiq","description":"Basiq is the leading open banking api platform enabling developers to build innovative financial solutions. We provide secure access to customer-consented financial data and powerful APIs that uncover valuable insights.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.basiq.io\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.basiq.io\/blog\/#\/schema\/person\/47ece154126f616638760755503c5c09","name":"Shannon Rennie","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/68f760bec55ab1d119d47a2593ca639501aa7dc5eb8ef43e20a4405ad41117b9?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/68f760bec55ab1d119d47a2593ca639501aa7dc5eb8ef43e20a4405ad41117b9?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/68f760bec55ab1d119d47a2593ca639501aa7dc5eb8ef43e20a4405ad41117b9?s=96&d=blank&r=g","caption":"Shannon Rennie"},"description":"Shannon Rennie is the Communications Manager at Basiq, where she brings a wealth of experience in content writing and management from previous positions within government departments and Boston Consulting Group. In her spare time Shannon enjoys bouldering and the great outdoors, often exploring her native ACT with her partner and their dog Kev.","url":"https:\/\/www.basiq.io\/blog\/author\/shannon-rennie\/"}]}},"author_data":{"name":"Shannon Rennie","url":"https:\/\/www.basiq.io\/blog\/author\/shannon-rennie\/"},"categories_data":[{"name":"Basiq In The News","url":"https:\/\/www.basiq.io\/blog\/category\/basiq-in-the-news\/"}],"reading_time":"4 minute read","images":{"featured":"https:\/\/www.basiq.io\/blog\/wp-content\/uploads\/2022\/12\/10712_Businessesareplayingwithfire_1280x720_v4.jpg","hero_img":"https:\/\/www.basiq.io\/blog\/wp-content\/uploads\/2023\/10\/10712_Businessesareplayingwithfire__1440x375_v4.jpg"},"_links":{"self":[{"href":"https:\/\/www.basiq.io\/blog\/wp-json\/wp\/v2\/posts\/10712","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.basiq.io\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.basiq.io\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.basiq.io\/blog\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/www.basiq.io\/blog\/wp-json\/wp\/v2\/comments?post=10712"}],"version-history":[{"count":5,"href":"https:\/\/www.basiq.io\/blog\/wp-json\/wp\/v2\/posts\/10712\/revisions"}],"predecessor-version":[{"id":15849,"href":"https:\/\/www.basiq.io\/blog\/wp-json\/wp\/v2\/posts\/10712\/revisions\/15849"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.basiq.io\/blog\/wp-json\/wp\/v2\/media\/13940"}],"wp:attachment":[{"href":"https:\/\/www.basiq.io\/blog\/wp-json\/wp\/v2\/media?parent=10712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.basiq.io\/blog\/wp-json\/wp\/v2\/categories?post=10712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.basiq.io\/blog\/wp-json\/wp\/v2\/tags?post=10712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}