Your twenties are the one time in your life when you’re supposed to make mistakes: live in bad share houses with questionable housemates, date the wrong people, fail the exams, blow all your money online shopping…
Every tap-n-go, click and auto-debit you make creates financial data. This information is becoming increasingly valuable, and now the government wants to give you the power to use it for your own benefit. It also wants to make your use of this financial information the catalyst to drive competition and innovation among the banks and organisations. It’s called open banking and it’s set to revolutionise the banking industry – and save you money too.
About 36% of Australian jobs face a high risk of being automated, which could lead to the emergence of lower quality jobs as a result, the Organisation for Economic Co-operation and Development (OECD) says.
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