White Paper
Democratising Data for the Good of Consumers
This free-to-download 50-page white paper is a detailed report on home loan Product Reference Data (PRD), which is made publicly available by Australian banks in accordance with their data holder obligations under the Consumer Data Right (CDR). The white paper has reviewed 1600 individual home loan products offered by 86 bank brands. PRD includes interest rates, fees and charges, and the eligibility criteria for banking products like mortgages and it is a critical enabler of CDR’s goals of promoting competition and supporting consumer choice. Regchain leverages this open banking data for its Stryd Product Repository, a real-time product and pricing database used by mortgage brokers to find borrowers the best interest rate in the market, thereby helping to make home ownership more affordable.
