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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 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 July 1st to Sunday, 7th July, 2024 – Powered by ProductCloud.   There was a decent 41% increase to the overall number of changes this week with a decrease of 30% in volume of Residential Mortgage changes which is rather unusual as these changes usually are the predominant source of change in the industry. 370 Product Changes: 322 Updates / 322 New or Decommissioned. - 123 Changes to Residential Mortgages - 65 Change to Transactions & Savings Accounts - 49 Changes to Term Deposits   Organisational Numbers: Throughout the week, a total of 43 organisations made notable adjustments to their services, reflecting week over week increase of 17 ADI’s making changes to their products. In this week's report, we observe that 10 organisations have implemented 10 or more changes, as detailed below. Top Performers: First Option Bank emerged as the leader this week, implementing 52 changes to their products, followed by Bank Australia with 44 adjustments, then CommBank Business and Institutional with 25 changes and IMB Bank slightly behind them with 23 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 3rd to Sunday, 9th June, 2024 – Powered by ProductCloud.   Following a pretty insignificant week with a minor amount of changes, the industry decided kick it back up a notch just before the Kings Birthday long weekend with a 68% increase in product changes. There was a substantial increase in Residential Mortgage product changes on top of a general increase across the board. 425 Product Changes: 380 Updates / 45 New or Decommissioned. - 146 Changes to Residential Mortgages - 39 Change to Transactions & Savings Accounts - 30 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 10 ADI’s making changes to their products. In this week's report, we observe that 12 organisations have implemented 12 or more changes, as detailed below. Top Performers: Bank First emerged as the leader this week, implementing 77 changes to their products, followed closely by Macquarie Credit Union with 73 adjustments, then Australian Mutual Bank Ltd and BankWAW with 36 and 35  changes respectively and QBANK slightly behind them with 23 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

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 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 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 29th to Sunday, 4th August, 2024 – Powered by ProductCloud.   A week of reduced activity, likely influenced by uncertainty surrounding the RBA’s upcoming interest rate changes. 298 Product Changes: 298 Updates / 0 New or Decommissioned. - 110 Changes to Residential Mortgages - 77 Change to Transactions & Savings Accounts - 49 Changes to Credit & Charge Cards   Organisational Numbers: Throughout the week, a total of 32 organisations made notable adjustments to their services, reflecting week over week decrease of 3 ADI’s making changes to their products. In this week's report, we observe that 8 organisations have implemented 12 or more changes, as detailed below. Top Performers: Unibank emerged as the leader this week, implementing 37 changes to their products, as did Firefighters Mutual Bank with 37 adjustments, then Bankwest with 21 changes and Queensland Country Bank 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 Daily Tally ADI Product Changes for the week of Monday the 22nd of January through Sunday the 28th of January 2024 – Powered by ProductCloud. Banks had a busier week than last, largely due to rate changes causing a high amount of modifications to Residential Mortgage products. 351 Product Changes – 334 Updates / 12 New / 5 Decommissioned. - 268 Changes to Residential Mortgages - 24 Change to Transactions & Savings Accounts - 14 Changes to Credit & Charge Cards Throughout the week, a total of 27 organisations made notable adjustments to their services, reflecting a week-over-week decrease of 6 organisations. In this week's report, 9 organisations have implemented 12 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