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

8:30AM

Registration

9:00AM

Chair's Welcome

Jamie Leach, CEO, ODI Australian Network

9:10AM

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

  • Analysis of the changing Australian data landscape
  • Overview of Australia’s Open Banking regulatory approach
  • Scope of requirements and timetable for implementation
  • Examples of future products built from APIs

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

9:50AM

Global banking presentation: UK & Europe

  • Analysis of compliance with PSD2 and UK Open Banking
  • Expectations for how compliance requirements and strategies will shift following Brexit
  • Building a top-notch platform offering targeted products
  • Lessons learned in this varied market and how consumers responded
  • Using aggregated data for commercial benefit

Tony Fish, Co-Founder, Allternet

10:20AM

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

10:40AM

Networking Break

11:10AM

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

Moderator:
Tony Fish, Co-Founder, Allternet

Lucas Challamel, Senior Consultant Digital Technology, UBank
Danny Gilligan, Co-Founder & Managing Director, Reinventure
Katie Mihell, Director Business Development, Westpac
Matt Barr, SVP Product and Innovation, Mastercard

11:50AM

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

Discussion Leaders:

Greg Booker, Group Chief Information Officer, RACQ
Jamie Leach, CEO, ODI Australian Network
Tony Fish, Co-Founder, Allternet

12:50PM

Networking Lunch

Afternoon Session

1:50PM

Cross-industry APIs and the open economyPanel

  • 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

Moderator:
Jamie Leach, CEO, Open Data Institute Australian Network

Greg Booker, Group Chief Information Officer, RACQ
Eldar Allahverdiyev, Chief Technology Officer, Get Capital

2:30PM

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

3:00PM

Networking Break

3:30PM

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)

3:50PM

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

Moderator:
Seshika Fernando, Head of Financial Solutions, WS02

Ryan Gonsalves, Head of Innovation and Change, AMP Bank Limited
Joanne Henaghan, Chief Innovation Officer, Credabl
Venkatesh Saha, Head of Banking - Asia Pacific, TransferWise

4:30PM

Chair's Summary & Close of Summit

Jamie Leach, CEO, ODI Australian Network

Finance Edge News

Survey Results: The Future of Banking [Infographic]

Survey Results: The Future of Banking [Infographic]Read More

Developing a Strategy for Open Banking with AMP Bank & Credabl

Developing a Strategy for Open Banking with AMP Bank & CredablRead More

Opportunities & Threats of Open Banking with Seshika Fernando, Head of Financial Solutions, WS02

Opportunities & Threats of Open Banking with Seshika Fernando, Head of Financial Solutions, WS02Read More

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

“An excellent range of topics and interesting speakers. A good overview of where we are & where we are going in a fast moving environment.”

Lloyds Banking Group

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Finance Edge on Twitter

API standards from @sftinno - a game changer for open banking in Switzerland fintechnews.ch/open-banking/o… #API #OpenBanking #APISecuritySummit for more on API standards consider: finance-edge.com/events/api-s…

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