A Service, Not Just a Solution
From 1 October 2020, banks are required to share their product data to comply with the Consumer Data Right (CDR). SISS Data Services offers banks a platform to easily create, manage and publish product reference data to an API that is hosted and managed by us. Sharing product reference data is not only about complying with the CDR, it is about showcasing your products and standing out in a crowd, and perhaps even attracting new customers. Since 2009, SISS has partnered with all major banks through our Open Banking platform allowing banks to securely share consent data to FinTechs and technology leaders Australia-wide.
Product Reference Data
The Consumer Data Right (CDR) requires Banks to make their Product Reference Data (PRD) available via a public API for FinTechs and others to access.
Create your Product Reference Data online then publish direct to our hosted and managed API.
Our user interface is intuitive and designed to empower your product, legal and marketing teams to create great products.
Our solution is designed to be operated by your product, marketing and legal teams, not your IT and development teams. We understand the cost and impact of implementing new systems, which is why our service is a cloud-based API, managed by us.
Online Product Designer
Fixed Monthly Costs
Customer Support 24 x 7 x 365
Complies with CDR
How Our Product Reference Data API Works
Why Use SISS Data Services?
8 out of the top 10 banks in Australia share data with SISS Data Services. We understand the opportunity, risks and costs of banks complying with Open Banking, and as Australia’s largest and most experience Open Banking intermediary, our experience is what sets us apart.
CapEx vs OpEx
Accessing funding to buy or build your Open Banking systems is both difficult and expensive. Our Open Banking platform is a monthly subscription with no upfront fee for licencing.
Open Banking can be risky business. Your Open Banking platform becomes an extension of the bank, and therefore if the platform fails, you fail. When selecting the best platform, you need to assess the supplier's viability, risk and the impact on your business if they cease to exist. With over 10 years’ experience, SISS Data Services has proven track record and a long-standing partnership with Australian banks such as Commonwealth, NAB, Westpac and ANZ.
Experience contracting with banks
Contracting with banks is not easy. Each time a bank adds a new supplier it introduces new risk. Ensuring an Open Banking platform or supplier has adequate levels of insurance, systems and controls in important. SISS Data Services has met the initial and ongoing supplier assessments for over 20 banks since 2009.
Our Product Reference Data solution is available at an all-inclusive, fixed monthly fee, with no long-term contracts and no hidden fees.
Establishment Fee $7,500 +GST
Product Reference Data API $3,000 +GST per month
Send us through your contact details and we will create your CDR compliant Product Reference Data API and give you access to our product designer tool.
Get In Touch
Let us create your Product Reference Data API now.