Address the data gaps identified in feedback by FinTech Australia

[CDR-API-Stream]

Description

During the May consultation the submission from FinTech Australia identified a series of data gaps that they have requested be added to the standards. A decision by the DSB was provided in response to the May submission. The fields that were then decided not to be included are now being raised for wider consultation.

Area Affected

This change affects the payloads of the existing Banking end points.

Change Proposed

The following requested data has not been included in the standards:

• Account holder date of birth
• Default status for customer (including details of the default, such as product, date of default, principal amount, outstanding amount with fees and interest)
• Guarantors linked to particular products
• Whether mortgages are for owner occupied or investment property
• Details of relevant security property or other secured assets (including type of security, valuation)
• Application details (including date of applications, products applied for, current status)

[anzbankau]

Mortgages: owner occupied or investment property

For the proposed change listed as 'Whether mortgages are for owner occupied or investment property', please consider using the same pattern as for #48 Inclusion of repaymentType in the Product detail API i.e. incorporate a new property at both product and lendingRate levels. Data recipients may consider owner-occupier and investment loans as distinct products or may consider them as different interest rate sets within a single product. Data recipients could readily split a single product into separate products as required for comparison/matching purposes. Note: The original interest rate tiers proposal included a new property loanPurpose: 'The reason for taking out the loan. The purpose generally affects the rate offered due to different risk profiles.' with enumerations: OWNER_OCCUPIER and INVESTOR. This should be OCCUPATION and INVESTMENT for consistency with loanPurpose (and ownership is implicit in both).