Wych selected as test partner for the Australian ACCC CDR standards

Auckland, New Zealand: Wych today announced their selection as a primary test partner for the forthcoming Australian ACCC customer data rights and the associated customer data standards. This milestone is a major recognition for Wych on its mission to be a leader in the nascent Australian Open Banking market.

The ACCC is building a Conformance Test Suite (CTS) that will be a key part of the Consumer Data Right (CDR) onboarding process. The goal of the CTS is to give the ACCC confidence that participants can enter the CDR ecosystem without disruption and are capable of conforming with the Consumer Data Standards and CDR Register Design.

One of the contributing factors in Wych's selection was the extent of coverage of our software product.

"This is a validation of the extensive nature of our platform capability and a recognition of the effort the team has made. We believe that we can make a measurable impact on our customers' lives and we look forward to the opportunity to demonstrate this as part of the test plan."

Dermot Butterfield, CEO at Wych.

This news comes in the wake of many recent initiatives and accomplishments of the company, including:

About Wych
Wych is an app and voice-enabled, AI-powered financial personal assistant that connects to a customer’s bank accounts and other financial service providers and aggregates the user’s financial information into one platform. The app provides spending trends, budgeting analysis, spending recommendations, marketplace, and automating financial transactions, such as payments and saving processes. The platform is targeted to consumers and small to medium sized businesses and as well as supporting financial well-being enables optimisation of payments for Wych app customers.

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