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The Daily Tally ADI Product Changes for the week of Monday the 4th of March through Sunday the 10th of March 2024 – Powered by ProductCloud. With a long weekend in Victoria likely prompting a lot of people to take Friday off for a 4-day weekend there was a decent decrease in the volume of product changes for this week, most notably with the substantially fewer changes than average for the Residential Mortgages on the market. 221 Product Changes – 214 Updates / 4 New / 3 Decommissioned.  - 92 Changes to Residential Mortgages  - 48 Change to Term Deposits - 40 Changes to Transactions & Savings Accounts Throughout the week, a total of 37 organizations made notable adjustments to their services, reflecting a week-over-week decrease of 9 organizations. In this week's report, we observe that 6 organizations have implemented 10 or more changes, as detailed below. Typically there are around 10 organisations that would fall into this category, while the total number of organisations making a change still falls into the typically expected range.  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 April 15th to Sunday, April 21st, 2024 – Powered by ProductCloud.   A fairly standard week regarding changes, with Residential Mortgages leading the way in terms of changes as per usual. This week was slightly more well-rounded Transaction & Savings Accounts and Credit & Charge Cards totalling 121 combined changes. 444 Product Changes: 375 Updates / 69 New or Decommissioned. - 198 Changes to Residential Mortgages - 75 Change to Transactions & Savings Accounts - 41 Changes to Credit & Charge Cards   Organisational Numbers: Throughout the week, a total of 33 organisations made notable adjustments to their services, reflecting an identical number of ADI’s making changes to their products. In this week's report, we observe that 15 organisations have implemented 11 or more changes, as detailed below. Top Performers: gmcu. emerged as the leader this week, implementing a substantial 49 changes to their products, followed closely by P&N Bank with 40 adjustments and CommBank Business and Institutional with 36 changes.   Please contact ProductCloud to discuss this or more detailed Open Banking Product Reference Data. #openbanking #product #bank #banking #data #cdr

The Weekly Tally of ADI Product Changes for Monday, the 30th of October through Sunday, the 5th of November 2023 – Powered by ProductCloud. Some organisations went on the front foot to change rates before the upcoming RBA meeting, reflected by the biggest week of changes we’ve had in some time. 425 Product Changes – 409 Updates / 6 New / 10 Decommissioned. - 224 Changes to Residential Mortgages - 79 Change to Transactions & Savings Accounts - 31 Changes to Term Deposits Throughout the week, 55 organisations made notable adjustments to their services, reflecting a week-over-week increase of 16 organisations. In this week's report, we observe that 12 organisations have implemented 12 or more changes, as detailed below. Please get in touch with 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 10th to Sunday, 16th June, 2024 – Powered by ProductCloud.   There was a substantial drop off in changes over the week of the Kinds Birthday public holiday, which was a very typical occurrence. There was a 45% reduction in volume of changes, however there was only a 23% reduction in changes for Residential Mortgages specifically. 230 Product Changes: 208 Updates / 22 New or Decommissioned. - 112 Changes to Residential Mortgages - 38 Change to Term Deposits - 34 Changes to Transactions & Savings Accounts   Organisational Numbers: Throughout the week, a total of 34 organisations made notable adjustments to their services, reflecting week over week decrease of 5 ADI’s making changes to their products. In this week's report, we observe that 10 organisations have implemented 6 or more changes, as detailed below. Top Performers: MOVE Bank emerged as the leader this week, implementing 39 changes to their products, followed closely by Greater Bank and BankVic with 27 adjustments, then QBank with 19 changes and Arab Bank Australia Limited slightly behind them with 17 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

The Weekly Tally of ADI Product Changes for Monday 6th of November through Sunday 12th of November 2023 – Powered by ProductCloud. Despite the RBA 25 basis point rate hike, banks had a relatively quiet week after a high volume of residential mortgage rate changes last week. 215 Product Changes – 206 Updates / 5 New / 4 Decommissioned. - 70 Changes to Residential Mortgages - 63 Changes to Term Deposits - 39 Change to Transactions & Savings Accounts Thirty-two organisations made notable adjustments to their products, reflecting a week-over-week decrease of 23 organisations. In this week's report, five organisations have implemented 12 or more changes, as detailed below. Please get in touch with 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

The Daily Tally ADI Product Changes for the week of Monday the 26th of February through Sunday the 3rd of March 2024 – Powered by ProductCloud. There were an atypical number of changes to Term Deposits this week where the total number was nearly equal to that of the number of Residential mortgage changes. There still seems to be a steady amount of new and decommissioned products occurring, it is likely the banks are using this lull period between significant rate changes to keep their products up to date and making them more contemporary by revamping their portfolios. 374 Product Changes – 348 Updates / 10 New / 16 Decommissioned.  - 129 Changes to Residential Mortgages  - 109 Change to Term Deposits - 37 Changes to Transactions & Savings Accounts Throughout the week, a total of 46 organisations made notable adjustments to their services, reflecting a week-over-week increase of 10 organisations. In this week's report, we observe that 10 organizations have implemented 10 or more changes, as detailed below. We saw that this week there weren’t many major players regarding changes, there were a high volume of organisations that made a minor amount of 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 May 20th to Sunday, 26th May, 2024 – Powered by ProductCloud.   There was a decrease in Residential Mortgage updates this week, thus causing a decrease in overall product changes from the typical average of around 400/week. 314 Product Changes: 249 Updates / 65 New or Decommissioned. - 113 Changes to Residential Mortgages - 57 Change to Transactions & Savings Accounts - 38 Changes to Term Deposits   Organisational Numbers: Throughout the week, a total of 37 organisations made notable adjustments to their services, reflecting week over week decrease of 2 ADI’s making changes to their products. In this week's report, we observe that 10 organisations have implemented 8 or more changes, as detailed below. Top Performers: BankVic emerged as the leader this week, implementing a substantial 76 changes to their products, followed by CommBank Business and Institutional with 39 adjustments and BankWAW with 36 changes and Gateway Bank slightly behind them with 35 changes.   Please contact ProductCloud to discuss this or more detailed Open Banking Product Reference Data. #openbanking #product #bank #banking #data #cdr

The Daily Tally ADI Product Changes for the week of Monday the 29th of January through Sunday the 4th of February 2024 – Powered by ProductCloud. Over the past three weeks, there has been a consistent series of developments, with figures holding steady despite the Reserve Bank of Australia's recent decision to keep interest rates unchanged. 401 Product Changes – 334 Updates / 8 New / 16 Decommissioned.  - 227 Changes to Residential Mortgages  - 56 Change to Term Deposits - 40 Changes to Transactions & Savings Accounts Throughout the week, a total of 50 organizations made notable adjustments to their services, reflecting a massive week-over-week increase of 23 organizations. In this week's report, we observe that 11 organizations have implemented 10 or more changes, as detailed below. Please contact ProductCloud to discuss this or more detailed Open Banking Product Reference Data. #openbanking #product #bank #banking #data #cdr