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Weekly ADI Product Changes Report Monday October 1st to Sunday, 6th October, 2024 – Powered by ProductCloud.   The banking industry managed to maintain approximately the same pace in regards to a very high volume of changes made to Residential Mortgages. 542 Product Changes: 534 Updates / 8 New or Decommissioned. - 339 Changes to Residential Mortgages - 91 Change to Transactions & Savings Accounts - 43 Changes to Term Deposits   Organisational Numbers: Throughout the week, a total of 40 organisations made notable adjustments to their services, reflecting week over week increase of 7 ADI’s making changes to their products. In this week's report, we observe that 16 organisations have implemented 11 or more changes, as detailed below. Top Performers: Hume Bank emerged as the leader this week, implementing a whopping 132 changes to their products, followed by Bank Australia with 57 adjustments, then UniBank with 37 changes and Firefighters Mutual Bank behind them with 37 changes.   Please contact ProductCloud to discuss this or more detailed Open Banking Product Reference Data. #openbanking #product #bank #banking #data #cdr

Weekly ADI Product Changes Report Monday June 3rd to Sunday, 9th June, 2024 – Powered by ProductCloud.   Following a pretty insignificant week with a minor amount of changes, the industry decided kick it back up a notch just before the Kings Birthday long weekend with a 68% increase in product changes. There was a substantial increase in Residential Mortgage product changes on top of a general increase across the board. 425 Product Changes: 380 Updates / 45 New or Decommissioned. - 146 Changes to Residential Mortgages - 39 Change to Transactions & Savings Accounts - 30 Changes to Term Deposits   Organisational Numbers: Throughout the week, a total of 39 organisations made notable adjustments to their services, reflecting week over week increase of 10 ADI’s making changes to their products. In this week's report, we observe that 12 organisations have implemented 12 or more changes, as detailed below. Top Performers: Bank First emerged as the leader this week, implementing 77 changes to their products, followed closely by Macquarie Credit Union with 73 adjustments, then Australian Mutual Bank Ltd and BankWAW with 36 and 35  changes respectively and QBANK slightly behind them with 23 changes.   Please contact ProductCloud to discuss this or more detailed Open Banking Product Reference Data. #openbanking #product #bank #banking #data #cdr

Weekly ADI Product Changes Report Monday July 29th to Sunday, 4th August, 2024 – Powered by ProductCloud.   A week of reduced activity, likely influenced by uncertainty surrounding the RBA’s upcoming interest rate changes. 298 Product Changes: 298 Updates / 0 New or Decommissioned. - 110 Changes to Residential Mortgages - 77 Change to Transactions & Savings Accounts - 49 Changes to Credit & Charge Cards   Organisational Numbers: Throughout the week, a total of 32 organisations made notable adjustments to their services, reflecting week over week decrease of 3 ADI’s making changes to their products. In this week's report, we observe that 8 organisations have implemented 12 or more changes, as detailed below. Top Performers: Unibank emerged as the leader this week, implementing 37 changes to their products, as did Firefighters Mutual Bank with 37 adjustments, then Bankwest with 21 changes and Queensland Country Bank slightly behind them with 20 changes.   Please contact ProductCloud to discuss this or more detailed Open Banking Product Reference Data. #openbanking #product #bank #banking #data #cdr

Weekly ADI Product Changes Report Monday June 17th to Sunday, 23rd June, 2024 – Powered by ProductCloud.   The banking industry continues to trend downward in volume of changes with a total decrease of 5.6% in total changes compared to last week. Notably, Residential Mortgage changes have fallen below 100 changes this week as well. 212 Product Changes: 196 Updates / 16 New or Decommissioned. - 79 Changes to Residential Mortgages - 49 Change to Transactions & Savings Accounts - 39 Changes to Credit & Charge Cards   Organisational Numbers: Throughout the week, a total of 24 organisations made notable adjustments to their services, reflecting week over week decrease of 10 ADI’s making changes to their products. In this week's report, we observe that 6 organisations have implemented 10 or more changes, as detailed below. Top Performers: CommBank emerged as the leader this week, implementing 59 changes to their products, followed by Arab Bank Australia Limited with 30 adjustments, then Southern Cross Credit Union with 21 changes and G& Mutual slightly behind them with 20 changes.   Please contact ProductCloud to discuss this or more detailed Open Banking Product Reference Data. #openbanking #product #bank #banking #data #cdr

Weekly ADI Product Changes Report Monday August 2nd to Sunday, 8th September, 2024 – Powered by ProductCloud.   This was the biggest week the banking sector has had in quite some time, reaching over 500 total changes. The high volume of changes made to Residential Mortgage products bolstered the changes this week, making up 60% of the total changes 502 Product Changes: 495 Updates / 7 New or Decommissioned. - 305 Changes to Residential Mortgages - 54 Change to Term Deposits - 44 Changes to Transactions & Savings Accounts   Organisational Numbers: Throughout the week, a total of 47 organisations made notable adjustments to their services, reflecting week over week increase of 7 ADI’s making changes to their products. In this week's report, we observe that 15 organisations have implemented 10 or more changes, as detailed below. Top Performers: Southern Cross Credit Union emerged as the leader this week, implementing 92 changes to their products, followed by BCU Bank with 49 adjustments, then Bankwest with 37 changes and P&N Bank behind them with 32 changes.   Please contact ProductCloud to discuss this or more detailed Open Banking Product Reference Data. #openbanking #product #bank #banking #data #cdr

HSBC UK has joined forces with the Open Property Data Association (OPDA), hot on the heels of Nationwide Building Society who announced it’s membership in July and Lloyds Banking Group who merged with OPDA in March. The move is set to streamline #homebuying by allowing access to digital property information across the #MortgageMarket. Oli O'Donoghue | Maria Harris | #PropertyData | #OpenData | #MortgageJourney

Weekly ADI Product Changes Report Monday April 29th to Sunday, 5th May, 2024 – Powered by ProductCloud.   Residential Mortgages continue to dominate the total number of changes, this week there weren’t many new or decommissioned products but there was a major uptick in changes for products that weren’t Residential mortgages, bolstering the overall numbers. 400 Product Changes: 384 Updates / 16 New or Decommissioned. - 219 Changes to Residential Mortgages - 63 Change to Term Deposits - 52 Changes to Transactions & Savings Accounts   Organisational Numbers: Throughout the week, a total of 47 organisations made notable adjustments to their services, reflecting week over week increase of 12 ADI’s making changes to their products. In this week's report, we observe that 14 organisations have implemented 10 or more changes, as detailed below. Top Performers: Greater Bank emerged as the leader this week, implementing a substantial 55 changes to their products, followed closely by Bank Australia  with 51 adjustments and QBANK with 34 changes.   Please contact ProductCloud to discuss this or more detailed Open Banking Product Reference Data. #openbanking #product #bank #banking #data #cdr

Weekly ADI Product Changes Report Monday July 22nd to Sunday, 28th July, 2024 – Powered by ProductCloud.   There was increased productivity, with the banking sector jump of 37% in changes week over week. This week both Residential Mortgages and Transaction & Savings Accounts managed to rack up at least 100 changes per category. 423 Product Changes: 393 Updates / 30 New or Decommissioned. - 162 Changes to Residential Mortgages - 100 Change to Transactions & Savings Accounts - 27 Changes to Term Deposits   Organisational Numbers: Throughout the week, a total of 35 organisations made notable adjustments to their services, reflecting week over week decrease of 4 ADI’s making changes to their products. In this week's report, we observe that 13 organisations have implemented 10 or more changes, as detailed below. Top Performers: Auswide Bank Ltd emerged as the leader this week, implementing 46 changes to their products, followed by Queensland Country Bank with 44 adjustments, then Broken Hill Community Credit Union with 42 changes and Unibank and Firefighters Mutual Bank slightly behind them with 40 changes.   Please contact ProductCloud to discuss this or more detailed Open Banking Product Reference Data. #openbanking #product #bank #banking #data #cdr

Weekly ADI Product Changes Report Monday July 1st to Sunday, 7th July, 2024 – Powered by ProductCloud.   There was a decent 41% increase to the overall number of changes this week with a decrease of 30% in volume of Residential Mortgage changes which is rather unusual as these changes usually are the predominant source of change in the industry. 370 Product Changes: 322 Updates / 322 New or Decommissioned. - 123 Changes to Residential Mortgages - 65 Change to Transactions & Savings Accounts - 49 Changes to Term Deposits   Organisational Numbers: Throughout the week, a total of 43 organisations made notable adjustments to their services, reflecting week over week increase of 17 ADI’s making changes to their products. In this week's report, we observe that 10 organisations have implemented 10 or more changes, as detailed below. Top Performers: First Option Bank emerged as the leader this week, implementing 52 changes to their products, followed by Bank Australia with 44 adjustments, then CommBank Business and Institutional with 25 changes and IMB Bank slightly behind them with 23 changes.   Please contact ProductCloud to discuss this or more detailed Open Banking Product Reference Data. #openbanking #product #bank #banking #data #cdr

HSBC UK has joined forces with the Open Property Data Association (OPDA), hot on the heels of Nationwide Building Society who announced it’s membership in July and Lloyds Banking Group who merged with OPDA in March. The move is set to streamline #homebuying by allowing access to digital property information across the #MortgageMarket. Oli O'Donoghue | Maria Harris | #PropertyData | #OpenData | #MortgageJourney