Bank of Sydney Adopts Phase 1 of Open Banking

1^st October 2020.

The first phase of Open Banking, as per the Consumer Data Right (CDR) legislation will commence at Bank of Sydney from 1 October 2020.  

Phase 1 of Open Banking allows the Bank to share product information with ACCC accredited third parties including interest rates, eligibility criteria, fees and product features via API’s.

For more information about how Bank of Sydney has adopted Phase 1 of Open Banking, please click here.