Westpac accredited as data recipient under Open Banking

Statement from Chris de Bruin, Chief Executive, Consumer & Business Banking, Westpac Group

“Westpac supports the increased competition and innovation from Open Banking, which allows consumers to securely share selected banking data with trusted third parties.

“We are pleased the ACCC has approved Westpac as an Accredited Data Recipient under the Consumer Data Right.

“We have worked hard alongside the Federal Government and regulators as the Consumer Data Right has evolved for the banking sector, and will continue to focus on ensuring our customers understand how they can benefit from Open Banking as we develop use cases that customers can leverage.”