ProductCloud’s Post

Weekly ADI Product Changes Report Monday August 5th to Sunday, 11th August, 2024 – Powered by ProductCloud.   This week was another quiet one, however, with the caveat that Hume Bank had a very busy week and bolstered the overall numbers by quite a margin with their 102 changes registered. Residential Mortgages also dominated the changes with a volume of 71% of all changes being under that category. 256 Product Changes: 244 Updates / 12 New or Decommissioned. - 182 Changes to Residential Mortgages - 23 Change to Transactions & Savings Accounts - 17 Changes to Term Deposits   Organisational Numbers: Throughout the week, a total of 34 organisations made notable adjustments to their services, reflecting week over week increase of 2 ADI’s making changes to their products. In this week's report, we observe that 11 organisations have implemented 5 or more changes, as detailed below. Top Performers: Hume Bank emerged as the leader this week, implementing 102 changes to their products, followed by Defence Bank with 26 adjustments, then Arab Bank Australia with 26 changes and ubank behind them with 11 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 September 23rd to Sunday, 30th September, 2024 – Powered by ProductCloud.   This week was a bit of a step up in rate changes and was the kind of volume the industry was experiencing during the high volume of rate changes in 2023. 547 Product Changes: 547 Updates / 10 New or Decommissioned. - 374 Changes to Residential Mortgages - 73 Change to Transactions & Savings Accounts - 46 Changes to Term Deposits   Organisational Numbers: Throughout the week, a total of 33 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 12 organisations have implemented 10 or more changes, as detailed below. Top Performers: Hume Bank emerged as the leader this week, implementing a whopping 239 changes to their products, followed by P&N Bank with 60 adjustments, then Qudos Bank with 32 changes and Summerland Bank behind them with 29 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

Weekly ADI Product Changes Report Monday August 16th to Sunday, 22nd September, 2024 – Powered by ProductCloud.   A pretty standard week for the banking sector, although ADI’s will be eagerly awaiting the announcement from the RBA on Tuesday the 24th September. 350 Product Changes: 330 Updates / 20 New or Decommissioned. - 182 Changes to Residential Mortgages - 67 Change to Term Deposits - 51 Changes to Transactions & Savings Accounts   Organisational Numbers: Throughout the week, a total of 37 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 9 organisations have implemented 10 or more changes, as detailed below. Top Performers: Hume Bank emerged as the leader this week, implementing 68 changes to their products, followed by BCU with 60 adjustments, then P&N Bank with 54 changes and Community First Bank behind them with 29 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 August 12th to Sunday, 18th August, 2024 – Powered by ProductCloud.   There were a large volume of rate changes within residential mortgages this week surrounding speculative rate changes coming in from the RBA soon. However, there was a large volume of changes the changes to the rates themselves were very minimal during this wait and see approach. 349 Product Changes: 342 Updates / 7 New or Decommissioned. - 191 Changes to Residential Mortgages - 56 Change to Transactions & Savings Accounts  - 52 Changes to Term Deposits   Organisational Numbers: Throughout the week, a total of 39 organisations made notable adjustments to their services, reflecting week over week increase of 5 ADI’s making changes to their products. In this week's report, we observe that 11 organisations have implemented 10 or more changes, as detailed below. Top Performers: Greater Bank emerged as the leader this week, implementing 47 changes to their products, followed by Southern Cross Credit Union with 45 adjustments, then MOVE Bank with 33 changes and Auswide Bank Ltd behind them with 28 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 April 22nd to Sunday, April 28th, 2024 – Powered by ProductCloud.   This was a fairly unusual week as there was the mini weekend on Thursday with Anzac day, often prompting long weekends. However, this didn’t lead to a substantial drop off in changes to the total volume of changes but it did lead to a 25% drop-off with that mostly being Transaction & Savings Accounts and Credit & Charge Cards. 331 Product Changes: 302 Updates / 29 New or Decommissioned. - 214 Changes to Residential Mortgages - 29 Change to Transactions & Savings Accounts - 24 Changes to Term Deposits   Organisational Numbers: Throughout the week, a total of 35 organisations made notable adjustments to their services, reflecting week over week increase of 2 ADI’s making changes to their products. In this week's report, we observe that 10 organisations have implemented 15 or more changes, as detailed below. Top Performers: MOVE Bank emerged as the leader this week, implementing a substantial 43 changes to their products, followed closely by Illawarra Credit Union with 40 adjustments and P&N Bank with 33 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 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

Weekly ADI Product Changes Report Monday April 29th to Sunday, 5th May, 2024 – Powered by ProductCloud.   Residential Mortgages continue to dominate the total number of changes, this week there weren’t many new or decommissioned products but there was a major uptick in changes for products that weren’t Residential mortgages, bolstering the overall numbers. 400 Product Changes: 384 Updates / 16 New or Decommissioned. - 219 Changes to Residential Mortgages - 63 Change to Term Deposits - 52 Changes to Transactions & Savings Accounts   Organisational Numbers: Throughout the week, a total of 47 organisations made notable adjustments to their services, reflecting week over week increase of 12 ADI’s making changes to their products. In this week's report, we observe that 14 organisations have implemented 10 or more changes, as detailed below. Top Performers: Greater Bank emerged as the leader this week, implementing a substantial 55 changes to their products, followed closely by Bank Australia  with 51 adjustments and QBANK with 34 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 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

Weekly ADI Product Changes Report Monday April 8th to Sunday, April 14th,  2024 – Powered by ProductCloud.   A fairly standard week regarding changes, with Residential Mortgages leading the way in terms of changes as per usual. However, there were more than 100 changes this week compared to last week, Transaction & Savings Accounts came in behind RM's but managed to reach triple-digit changes as well. 428 Product Changes: 426 Updates / 2 New or Decommissioned. - 259 Changes to Residential Mortgages - 100 Change to Transactions & Savings Accounts - 28 Changes to Term Deposits   Organisational Numbers: Throughout the week, a total of 33 organisations made notable adjustments to their services, reflecting a week-over-week decrease of 11 organisations making changes to their products. In this week's report, we observe that 16 organisations have implemented 8 or more changes, as detailed below. Top Performers: Bank First emerged as the leader this week, implementing a substantial 129 changes to their products, followed closely by Horizon Bank - Australia with 46 adjustments.   Please contact ProductCloud to discuss this or more detailed Open Banking Product Reference Data. #openbanking #product #bank #banking #data #cdr