NOW Finance is pleased to announce a strategic relationship with Mastercard to integrate the global payment technology company’s accredited open banking infrastructure into its lending platform, enabling Australian borrowers to securely share their banking data and receive faster, more accurate lending decisions. 

The collaboration enables NOW Finance to leverage Mastercard’s Open Finance platform, which securely connects to nearly every bank in Australia through Australia’s Consumer Data Right (CDR) framework. NOW Finance customers will be able to consent to share up to 12 months of bank transaction history directly from their financial institution, removing the need to manually upload payslips or bank statements. 

 “Teaming up with Mastercard reflects what we’re building at NOW Finance — an enterprise-quality lending platform that puts the customer experience first. Open banking allows us to make faster, more accurate decisions for our customers, based on a complete real-time picture of their finances. Mastercard’s infrastructure is world-class, and this collaboration is a clear signal of the calibre of technology we’re committed to delivering,” said David Norman, CEO, NOW Finance. 

 “Mastercard is proud to be powering NOW Finance’s open banking capability as they look to deliver faster, fairer lending decisions for Australian borrowers,” said Brenton Charnley, Vice President and Head of Open Finance, Australasia at Mastercard. “By combining our accredited open finance infrastructure, insights and analytics, and broad banking connectivity with NOW Finance’s lending expertise, we can help empower Australians use their own financial data to access credit that better reflects their real financial position.” 

With consumer consent at the centre of the experience, customers remain in full control — able to view, manage and revoke their data sharing permissions at any time through Mastercard’s hosted consent dashboard. The integration is built to fully comply with Australia’s CDR Rules, including consent collection, notification and ongoing management obligations. 

NOW Finance and Mastercard are in active implementation, with commercial go-live targeted for late 2026. 

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