Open Banking

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What is Open Banking

In 2018 the Australian Government passed a legislation called the Consumer Data Right (CDR). CDR is also referred to as Open Banking and gives Australians greater control over their data, providing customers and small businesses a choice about how their financial data is shared with third parties. Open Banking will encourage competition between service providers, leading to better prices for customers and more innovative products and services.

The Reliance Bank Open Banking Product Application Programming Interface (API) enables third parties to retrieve information about products that Reliance Bank currently offers. Our APIs have been developed in accordance with the Consumer Data Standards and currently include the following products:

Home Loans
Personal Loans
Transaction Accounts
Savings Accounts
Term Deposits
Credit Cards

How to Access our APIs

These are public APIs and do not require authentication
The response will be in the format defined by the Consumer Data Standards

Key Features of our APIs

Product Data: Products that Reliance Bank currently offers to the market
Eligibility Criteria: Eligibility criteria for the product
Product Features: A range of features available to a specific product
Product Constraints: Constraints regarding the application for or operation of a product. For example, minimum balances or limit thresholds