Open Banking Australia

26th September 2018

Open Banking Australia - Agenda

Shaping global banking opportunities and legislation in the open economy

Summit - 26th September, 2018

Morning Session




Chair's Welcome


The Consumer Data Right: a first step to an open economyKeynote Interview

  • Analysis of the July 2018 data release mandate: what have internal teams done so far, and what will this look like next year?
  • Likely timetable for expansion to the smaller banks
  • Achieving consumer empowerment, improved competition and fairness
  • Current changes to the banking industry and regulations on the horizon
  • Expectations for including other industries in the open economy

Dr. Leila Fourie, Chief Executive Officer, Australian Payments Network


Reviewing the first stage in Open Banking Panel

  • Responses to the July 2018 50% data release regulation
  • Changes in internal infrastructure and strategies moving forward
  • Implementing an open banking strategy company-wide
  • Cross-team collaboration for a unique customer experience


Open Banking: Bringing Regulation and Technology together for Digital Transformation

  • The continental journey of Open Banking: Synopsis of regulations in UK, EU and Australia
  • Why Open Banking is a Digital Transformation opportunity in disguise
  • Building an open banking strategy for long-term success
  • The winning technology mix for Digital Transformation through Open Banking

Seshika Fernando, Head of Financial Solutions, WS02


Networking Break


Market use cases for monetisation and consumer educationPanel

  • Using open banking as an opportunity to differentiate yourself
  • Building mutually beneficial partnerships for targeted services
  • Proving your value with public fee disclosure requirements
  • Analysis of consumer use throughout Australia to date
  • Building consumer trust and education on the security, benefits and risks of data sharing
  • Varying strategies between traditional and challenger banks
  • Common pitfalls

Hetal Popat, Programme Director & Head, CMA Open Banking, HSBC
Lucas Challamel, Senior Consultant Digital Technology, UBank
Danny Gilligan, Co-Founder & Managing Director, Reinventure
Charlie Walton, SVP, Digital Identity Products, Mastercard


Data protection and identity verificationSolution Spotlight

  • Security concerns and the increased risk of fraud from open APIs
  • Best practices for accurate identity verification – can we develop a reliable standard that can be shared between institutions?
  • Managing the varying levels of risk between types of data


Debating data access, privacy & liabilityRoundtable Discussion

  • Determining who owns what data
  • Monitoring data access: who should have access and why?
  • Liability for misdirected or incorrect payments and data breaches
  • Ensuring explicit and informed customer consent for data sharing
  • How much data needs to be shared with third parties?
  • Balancing multi-factor authentication for enhanced security while avoiding additional barriers to entry
  • Limits on real-time data access requests
  • Analysing the risks in third party authorisation for transaction processing

Danny Gilligan, Co-Founder & Managing Director, Reinventure
Charlie Walton, SVP, Digital Identity Products, Mastercard
Greg Booker, Group Chief Information Officer, RACQ


Networking Lunch

Afternoon Session


Designing a platform for future regulationsSOLUTION SPOTLIGHT

  • Building an agile platform to future-proof compliance
  • Integrating new technologies alongside existing legacy systems
  • Implementing a blockchain-based security strategy


Cross-industry APIs and the open economy

  • Current retail market use of open APIs
  • The successful use of APIs in telecommunications companies
  • Social networks engaging users to improve comfort with data sharing
  • Financial advisors and insurance companies partnering with banks for personalised rates, quotes and advice
  • Preparing APIs for interoperability between sectors

Greg Booker, Group Chief Information Officer, RACQ
Elda Allahverdiyev, Senior Product Manager, API, OFX
Hetal Popat, Programme Director & Head, CMA Open Banking, HSBC


Global banking presentation: New Zealand

  • The inevitability of Open Banking
  • Industry progress in NZ versus intervention-driven legislation
  • Balancing innovation and safety
  • Delivering real value to the customer and unintended consequences


Overcoming liability and legal pitfalls in Open BankingSOLUTION SPOTLIGHT

  • Determining liability in the event of a data breach
  • New Open Banking legal challenges and the best ways to navigate them
  • Corporate structure changes and technology solutions for the new era in banking


Networking Break


Global banking presentation: Japan & Mexico

  • Structure of the Open Banking regulation in Mexico
  • The cautious approach focused on personal data privacy in Japan
  • Analysis of what can be learned from these alternative approaches: how will Australia’s regulation continue to evolve?

David Beardmore, Commercial Director, Open Data Institute (ODI)


Shaping a universal framework around interoperabilityRoundtable

  • Universal authorisation mechanisms and security standards
  • Technical standards on how all participants will connect and share data
  • Alternative options beyond open APIs
  • The role of middleware providers: how much data they should have access to, and their position as trusted intermediaries
  • Account portability between jurisdictions


The future of the competitive banking environmentPANEL

  • Technologies on the horizon: cryptocurrencies, AI implementation, virtual chatbots, augmented reality, etc.
  • Cross-industry and cross-border partnerships changing the economy
  • Understanding the value of data and security issues
  • The changing roles of challenger banks and other financial services professionals
  • The future of personal credit scores, transparency in lending, and strategies in data protection and privacy
  • Running existing migrations in parallel wih the new Open Banking platform

Ryan Gonsalves, Head Of Innovation and Change, AMP Bank Limited
Joanne Henaghan, Chief Innovation Officer, Credabl
Venkatesh Saha, Head of Banking - Asia Pacific, TransferWise
Simon Beitz, Co-Founder & Director, Qwid Finance


Chair's Summary & Close of Summit

Finance Edge News

Speaker interview: Paul Rohan

Speaker interview: Paul RohanRead More

Speaker Interview: Nick Caley

Speaker Interview: Nick CaleyRead More

[Free Webinar] Accelerate Open Banking With APIs, Strong Authentication And Risk-Based Security

[Free Webinar] Accelerate Open Banking With APIs, Strong Authentication And Risk-Based SecurityRead More

Interview: Nick Rugg

Interview: Nick RuggRead More

Speaker Interview: Roger Vincent

Speaker Interview: Roger VincentRead More

Speaker Interview: David Vanek

Speaker Interview: David VanekRead More

“Focused discussion on key topics for my company.”


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How Japan's #OpenAPI adoption could change financial institutions in the region by @ichiroyanagawa of @Celent_Research…

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