Financial web news and views
See what people around the world are saying about the financial web.
We are at an inflection point
With the financial services industry facing a wave of digital disruption, the sector is starting to reshape. The change is driven by new technology, regulation, the need for cost reduction and changing consumer behaviour.
More than ever, small business customers have a choice of which financial services institutions they have a banking relationship with. Global adoption of the API by financial services and fintechs coupled with the customer having the choice to share their financial data from within Xero is shifting the power back to the customer whilst opening up opportunities for banks and business finance providers to innovate and better serve the small business market.
ANZ's Shayne Elliott says data sharing needs careful design to avoid fraud
Data access: Banks and Technology companies are learning to share
What we can achieve
Xero’s intention is to enable (not compete with) financial institutions so, together, we can:
help small businesses at scale
connect small business to digital services
- implement reciprocal data-sharing
Hear Xero CEO Rod Drury explain the financial web in 35 seconds.