Our consent driven open banking REST API enables accounting software, FinTechs, regTechs and innovators to quickly and securely connect to consumer Data from Australia's major Banks and financial institutions.

Access accurate (reconciled daily) and reliable (direct from core banking system) open banking Data via a single REST API.

SISS has entered into formal Data supply agreements (contracts) with Australia’s largest Banks and financial institutions to provide you access to consumer Data.

Modelled on the Consumer Data Right (CDR) framework, SISS provides all the resources you need (REST API, accreditation & sandbox) to build and grow your solution.

bank

Direct Data Feeds

High quality, direct Data feeds directly from the Banks

Sandbox + Development

Start Building Your API Today in our Sandbox

More Data

Look at the list of Banks we have partnered with right now!

Data Recipient Accreditation

One central location to complete all your compliance

Single Rest API For Bank Data

Single Rest API to connect to Bank Data

The Open Banking Rest API is designed for Accounting Software Providers (ASP), FinTechs, RegTechs and software developers wanting access to accurate and reliable Bank and Credit Card Balance and Transaction Information.

  • ✓ Single Rest API
  • ✓ Sandbox & Development Portal
  • ✓ Transactional based Pricing
  • ✓ Major Banks
  • ✓ Accurate & Reliable Data
  • ✓ Direct Data Feeds (Core Banking System)

Our transactional pricing is month to month, no lock in contract, with no exit penalties. It is designed to get you connected quickly.

Set Up Fee - Access to our awesome support team and the Sandbox to connect your app

SISS Fee- This how we make our money

Bank Fee - This is the fee the banks charge us, directly passed onto you with no mark ups

Set Up Fee- $5,000 + gst
SISS Fee- $0.03 (3 cents) + gst per line item
Bank Fee- Nil to $0.05 (3 cents) + gst per line item

Search our Data feeds

Bank Name Bank Account Credit Cards
Commonwealth Bank of Australia Yes No
Australia and New Zealand Banking Group Limited Yes Yes
Westpac Banking Corporation Yes No
Regional Australia Bank Coming Soon Coming Soon

How our Data feeds work

Key features

DIRECT DATA FEEDS

High quality Data feeds directly from the Banks

SANDBOX + DEVELOPMENT

Start building your API today in our sandbox

MORE DATA

Look at the list of Banks we have partnered with right now!

DATA RECIPIENT ACCREDITATION

One central location to complete all your compliance

SINGLE REST API FOR BANK DATA

Single REST API to connect to Bank Data

Who is the open banking REST API designed for?

The open banking REST API is designed for accounting software providers (ASP), FinTechs, regTechs and software developers wanting access to accurate and reliable Bank and credit card balance and transaction information.

  • ✓ Single REST API
  • ✓ Sandbox & Development Portal
  • ✓ Transactional Based Pricing
  • ✓ Major Banks
  • ✓ Accurate & Reliable Data
  • ✓ Direct Data Feeds (Core Banking System)

We keep costs simple

Our transactional pricing is month to month no lock in contract with no exit penalties. It is designed to get you connected quickly.

Set up fee- Access to our awesome support team and the sandbox to connect your app

SISS fee- This how we make our money

Bank fee- This is the fee the Banks charge us, directly passed onto you with no mark ups

Set up fee$5,000 + gst
SISS fee$0.03 (3 cents) + gst per line item
Bank feeNil to $0.05 (5 cents) + gst per line item

Data Lifecycle

The following diagram highlights the phases of the data lifecycle.

Definitions

WSO2 Open Banking is the only purpose-built solution that provides all technology requirements for achieving complete open banking compliance using a single technology platform.

Data Custodians

Individuals or organisations in physical or logical possession of data for the data owner.

Data Managers

Personnel directly responsible for the operational access and management of data.

Data Owner

SISS Data Services is the owner of all data collected, stored or managed by personnelof SISS Data Services.

Data Sources

The Bank or Financial Institution the Data Owner maintains an account with and obtains the data feeds from

Data Stewards

Personnel responsible for the integrity, availability, confidentiality, and quality of data management. There should be at least one designated data steward for each business unit or department.

Financial Information

Data that relates to a financial product or transaction from Data Sources that may contain information as detailed in Table 3 below.

Personal Information or PII

Any information or an opinion about an identified individual, or an individual who is reasonably identifiable.

SISS Data Services Data Resource

Data owned by SISS Data Services may reside in various systems and locations as required and justified by the business, these are consistently referred to as a single, shared resource.
All such data owned and managed by or on behalf of SISS Data Services is considered part of the SISS Data Services Data Resource.

Third Party

An individual, company or other entity that an individual has granted consent to access their personal information.

Data Types

We'll help you comply with the regulation's Open API and security requirements

We are part of the Data Standards technical working group and follow the regulation closely. We will ensure that the open banking solution is updated as and when the specification and security updates are released. This frees your team’s time to focus on more pressing tasks.

Our technology model and team, work well with yours

We provide both cost-based and deployment-based engagement models catering to banks of any size. We also provide training programs that get your teams up-and-running with our technology in record time.

We assist in communicating the benefits of open banking to your customers

Our work with European banks revealed some key concerns consumers had with open banking. We’ll use these as examples to address perceptions for Australian banking customers. The earlier you educate your customers, the more trust you build in them.

Use us to prepare for digital banking initiatives in Australia

As open banking takes off, your customers will demand more services and products that make their lives easier. Your IT infrastructure needs to scale to meet these new demands. Our platform and domain expertise make us the ideal technology partner to help you become a market leader in digital banking.

Data Types

SISS Data Services, through their feeds, may store the information as detailed in the table below.

Bank Account Data

Direct from Financial Institution

  • Account Number
  • Account Name
  • BSB
  • Transaction details
  • Balance details

Credit Card Data

Direct from Financial Institution

  • Tokenised Credit Card Number
  • Card Name
  • Transaction details
  • Balance details

Contract Note Data

PDF of contract Note emailed to SISS & Direct from Financial

  • Name of Account
  • Account ID

Institutions system

  • Email Address
  • Transaction details
  • Brokers details

Wrap & Managed Fund Data

Direct from Financial Institution

  • Account Number
  • Account ID
  • Investment Holding details
  • Transaction details
  • Balance Details

Share Registry Data

Direct from Financial Institution

  • HIN
  • Account Name
  • Investment Holding Details
  • Transaction details
  • Balance Details

Principles

The following principles outline the acceptable minimum requirements that must be adhered to by SISS Data Services and its personnel to provide high quality and easily accessible data while protecting the confidentiality, integrity and availability of data collected and provided by SISS Data Services.

Resources

We would love to help in your compliance journey.