Open Banking is an evolution for the Australian finance industry which will make banking simpler and more transparent for customers.
It is designed to give you greater control of your banking data and make it easier for you to do things like compare or switch between banks, products or services.
The Australian Federal Government has set different timelines for major banks and other financial institutions, including Newcastle Permanent.
We started sharing product information on all our products from early 2021 and have met our final Product Reference Data requirements for Open Banking.
To ensure we meet our customers' needs both today and in the future we will commence sharing consumer data such as transaction history, payments and other account details in mid 2022.
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