Consumer Data Right (CDR)
CDR has a clear vision of giving the consumer more control over their banking data, to achieve greater choice, convenience and confidence in their selection of financial products and services.
The consumer’s data that is shared, and therefore it is the consumer who should benefit.
Open Banking
Since going live in July 2020, two open banking use cases have burned bright:
- personal financial management, and
- consumer lending, including home loans.
Products are now becoming available using Open Banking Product Reference Data APIs made available by 85+ Australian banks and are updated daily.
There is a better way!
New finance solutions enable broker to access competitive market information faster, simpler, to find better home product offers (via open banking Apps).
That means a greater home loan experience for customers, and more credibility and profitability for your organisation.
Examples of % savings from 588 loan records:
- 377 loan offers a more competitive interest rate
- 151 saved 0.5%
- 128 saved 1%
- 70 saved <2%
- 28 saved > 2%
Borrowers – The Offer
- With advances in technology, it’s now much easier for us to identify when you may be eligible for a more competitive home loan offer.
How do you get involved?
- Share your current home loan data with us so we can assess if we can get a more competitive deal for you
Lets chat and get you into our pro-active monitoring service.
Your Home, Your Rules: The Power of Pro-active Loan Monitoring
