Business
Intuit QuickBooks will tap bank data to show SMEs cheaper loans – The Australian Financial Review
The ACCC has accredited the giant, US-based cloud accounting software maker to use open banking which will help it take on Xero and MYOB.
The intent of open banking is to provide customers with better choice over providers and we will be able to provide insights to ensure a customer is getting the best offer from their bank.
The Australian Competition and Consumer Commission’s approval of Intuit late last week comes after budgeting fintech Frollo and Regional Australia Bank were accredited in June. Frollo is using bank data to improve a financial management application, while Regional Australia Bank is using it to assess customer…
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