Aussie fintech taps open banking for Covid hotspot alert service

An Australian open banking fintech startup is using card purchase data and AI technology to alert people if they have visited a Covid exposure site.

Covid Hotspot is a warning given to customers who have purchased a card in an area with a hotspot or by sending a message to indicate their presence. It is now available to New South Wales residents outside of Greater Sydney, listed in NSW Health records.

By comparing customer information with Covid information center information, the service can alert users who have identified a problem area within a few minutes of NSW Health notification. Adatree says it could take up to four days for people to receive NSW Health notifications.

Adatree claims that the free service is the first of its kind, non-financial use, to the Australian Terms of Use.

The Minister of Finance, Financial Services and Digital Economy, Jane Hume, said: “We have spoken from the beginning of Consumer Database Properly about empowering Australians, allowing them to control their accounts. This is where we come from. I see a good example of that – Australia. “

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