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Open Finance

Shape the future of digital finance

Powering secure payments and data connections between people and businesses.

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Spotlight

Better data. Better connections.

See how consumers can securely access and share their financial data to enjoy a new level of personalised services.

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of Australian banking customers can share data via the CDR

99%

Licensed as an Accredited Data Recipient by the Australian Competition and Consumer Commission (ACCC)

Consumer data right

End to end CDR management platform—from connectivity, consent capture and dashboards to revocation and data sharing receipts

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Our partnership with Mastercard allows WeMoney to scale to serve more members in new and exciting ways that improve their overall financial health and better manage money. Through Mastercard's Open Banking capabilities, we're able to deliver more personalised financial insights and solutions that empower Australians to make smarter decisions with their money. This collaboration represents a significant step forward in our mission to help people take control of their finances and build a stronger financial future.

Dan Jovevski WeMoney's Founder and Chief Executive Officer
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By tapping into alternative data like income, expenses or rental payments, Open Score can uncover insights into consumers that aren't available with traditional credit reporting information.

Melanie Cochrane Chief Executive Officer at Equifax A/NZ
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Teaming up with Mastercard reflects what we’re building at NOW Finance — an enterprise-quality lending platform that puts the customer experience first. Open banking allows us to make faster, more accurate decisions for our customers, based on a complete real-time picture of their finances. Mastercard’s infrastructure is world-class, and this collaboration is a clear signal of the calibre of technology we’re committed to delivering 

David Norman CEO, NOW Finance
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What makes us different

We’re working with Mastercard because they bring an accredited global Open Banking platform and connections to more than 100 institutions through the CDR. This allows MYOB to deliver fast, reliable and increasingly enriched bank feeds to our customers without compromising on data security or trust.

Sally Davies General Manager Solo and Embedded Finance at MYOB.

Mastercard Open Finance in action

Make payment integrations safe and simple for better experiences with Mastercard Open Finance.

Facilitate account opening

Deliver a seamless account opening experience with permissioned data to verify account owner identities, details and balances for faster onboarding and funding. 

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Promote better financial decisions

Connect consumers and businesses to seamless and secure financial data for smarter personal finance management (PFM) solutions. 

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Improve business cashflow

Gain real-time insights to identify cashflow gaps, streamline payment reconciliation and better manage working capital.

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Enable smarter lending

Increase your approvals with more accurate and inclusive credit scores that use consumer data, always with their consent.

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Opening a world of opportunities with open finance

Open finance puts businesses and consumers in control of their own data to benefit from secure and enhanced personalised services.

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Lending

Transform lending with real-time data for streamlined lending decisions aligned with CDR and designed to facilitate compliance with Australian responsible lending guidelines.

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Streamlined account opening

Validate users and accounts to reduce fraud and improve onboarding and user experience.

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Small business accounting

Aggregate bank accounts and transactions securely to power better small business accounting and cash flow management.

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Smarter payments

Enable secure, low‑friction payment setup by verifying account ownership and details in real time: reducing errors, fraud and failed payment

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Data insights

Deliver powerful, personalised financial experiences and insights with consented data.

Actionable insights

Building a bold open finance future together

We want to help you thrive in the ever-changing open finance landscape — meeting all your data and payments needs at every stage of your journey.