Consumer Data Right (CDR) has hit critical mass. With over 5 billion API calls in 2025, Open Banking has transitioned from a compliance burden to a massive growth engine.
API Volume Growth (2021-2025)
Integration into platforms like Mercury Nexus has revolutionized data collection. We aren't just saving minutes; we are eliminating manual entry entirely.
How many files do you process monthly?
Time spent per client file (Minutes)
ASIC scrutiny on benchmarks versus declared expenses remains high. Open Banking provides an indisputable "source of truth."
Relying on client memory creates "Liar Loan" risk.
12 months of verified transaction history. Defensible & safe.
Adopting Open Banking isn't just about the current loan. It's about securing the client for life. Once data consent is given, you transform from a service provider into a financial guardian.