noscript

Wych Limited

Australia|Fintech

Overview

Wych is an all-in-one platform that integrates

  • Data Holder and Data Recipient services
  • Data insights
  • Personal financial management
  • Payment capabilities.

This enables our customers to comply with their regulatory data sharing requirements and meet the needs of data recipients. Additionally, Wych currently provides access to the open data ecosystems across both Australia and New Zealand.

Why are we here?

CDR (Consumer Data Right) has been live in Australia since July 2020, and available in the UK for 5 years as of 13 January 2023. The hope is that open banking will revolutionise the financial industry, bringing users more control over their finances, creating opportunities for new, enhanced services and products with open data sharing, and adding layers of security to customer bank information.

Despite the clear benefits of open banking, another way of obtaining financial data – screen scraping – is still being used and promoted today by many of the other intermediary service providers in Australia. The practice has been gathering criticism from experts, highlighting potential worrying use cases, as well as the risk it poses for data breaches. Given there were more than 497 notifiable data breaches in Australia alone in the last 6 months of 2022, they are becoming bigger and more frequent. Think Optus and Medicare…

Screen scraping has also been referred to by regulators as being “unsecure, inefficient, unregulated, and an unreliable method of data sharing,” according to their findings.

Wych focuses on a standards-only approach to ensure consumer data is protected and not put at any unnecessary risk. This core value is the main driver for the creation of Wych Data Holder as a Service, data holders often have the right data just not in the correct form or in the correct place. Wych helps these organisations meet their obligations with high quality data for less than the price of a full time employee.

For organisations that want to access clean, verified and useful data in this constrained skills market, it is rare they would have adequate development resources to build, secure and maintain a CDR platform unless they are a major enterprise.

Wych provides CDR access and comes to the rescue:

  • If a customer can access APIs and build their own outcome, Wych has the APIs.
  • If the customer just wants answers they can request the outcome from our insights service.
  • Finally, if the customer wants a no-code solution they can request and access the outcomes via our self-service console.

Customer benefit:

  • Reduce time to market
  • Right fit service - API vs No-code options
  • Multi-market offering - AU & NZ in one service
  • Read and write - allowing access to payments and data
  • Fully white-labelled solution for a B2B2C as well as B2B

Finally Wych is an independent organisation which means we have no conflict of interest when it comes to supporting our customers, we aren’t owned by their competitor or offer a competing service.

Highlights & Milestones

Ut dignissim eget felis non ultrices. Vivamus fermentum erat at velit varius molestie.



Duis vitae mi neque. Donec tincidunt, dolor luctus lobortis ultrices, turpis eros cursus turpis, maximus tempor lectus lectus vel diam.

Proin neque lacus, semper vel ex at, eleifend rhoncus est.

Cras non nisi urna. Sed feugiat dignissim erat, eget convallis nisl blandit a.
Nullam fringilla diam eget dui placerat fermentum. Maecenas malesuada viverra leo eu bibendum. Nam vulputate enim velit, eu pretium justo tristique ac.


Nam vitae varius augue. Nam pharetra facilisis elementum. Sed nisl risus, vestibulum ut velit at, dapibus sagittis arcu.
Nullam sed dolor suscipit, efficitur enim quis, vestibulum sapien. Nunc convallis mauris nec nibh mollis, eget aliquet odio tincidunt.
Phasellus faucibus sem mauris, sed iaculis nisl egestas sed.
Sed sit amet gravida elit, sagittis sollicitudin nulla. Vivamus auctor arcu eu scelerisque convallis. Phasellus scelerisque ultrices tincidunt. Curabitur odio libero, faucibus et felis nec, pulvinar facilisis urna. Interdum et malesuada fames ac ante ipsum primis in faucibus. Maecenas ultrices in velit at ultrices.


Pellentesque tempor a risus in elementum. Proin malesuada mauris et mauris bibendum laoreet. Vivamus maximus nulla volutpat, ornare lorem a, vulputate enim.

In dui nisl, vestibulum eu finibus pretium, eleifend et eros. Vivamus in venenatis risus, ut dictum velit. Praesent rh


Open an account to get
access to more details

Problem and Solution

Ut dignissim eget felis non ultrices. Vivamus fermentum erat at velit varius molestie.

Duis vitae mi neque.



Donec tincidunt, dolor luctus lobortis ultrices, turpis eros cursus turpis, maximus tempor lectus lectus vel diam.



Proin neque lacus, semper vel ex at, eleifend rhoncus est.

Cras non nisi urna. Sed feugiat dignissim erat, eget convallis nisl blandit a. Nullam fringilla diam eget dui placerat fermentum. Maecenas malesuada viverra leo eu bibendum. Nam vulputate enim velit, eu pretium justo tristique ac.



Nam vitae varius augue. Nam pharetra facilisis elementum. Sed nisl risus, vestibulum ut velit at, dapibus sagittis arcu. Nullam sed dolor suscipit, efficitur enim quis, vestibulum sapien. Nunc convallis mauris nec nibh mollis, eget aliquet odio tincidunt.

Phasellus faucibus sem mauris, sed iaculis nisl egestas sed. Sed sit amet gravida elit, sagittis sollicitudin nulla. Vivamus auctor arcu eu scelerisque convallis. Phasellus scelerisque ultrices tincidunt. Curabitur odio libero, faucibus et felis nec, pulvinar facilisis urna. Interdum et malesuada fames ac ante ipsum primis in faucibus. Maecenas ultrices in velit at ultrices.



Pellentesque tempor a risus in elementum. Proin malesuada mauris et mauris bibendum laoreet. Vivamus maximus nulla volutpat, ornare lorem a, vulputate enim.

In dui nisl, vestibulum eu finibus pretium, eleifend et eros. Vivamus in venenatis risus, ut dictum vel


Open an account to get
access to more details

Competitive Advantage

Pellentesque tempor a risus in elementum. Proin malesuada mauris et mauris bibendum laoreet.



Vivamus maximus nulla volutpat, ornare lorem a, vulputate enim. In dui nisl, vestibulum eu finibus pretium, eleifend et eros. Vivamus in venenatis risus, ut dictum velit. Praesent rhoncus tempor fermentum. In malesuada tellus eu volutpat posuere. Nullam ut dignissim libero, ut pharetra leo. Nullam sit amet aliquam felis. Suspendisse volutpat ante eget tincidunt feugiat. Nunc placerat sapien et metus molestie, in viverra augue viverra. Donec varius metus ut arcu vestibulum hendrerit. Sed viverra risus neque, ac commodo enim lacinia at.



Morbi posuere tortor vitae sapien faucibus auctor. Donec nulla ipsum, aliquet non bibendum sit amet, viverra non metus. Sed blandit efficitur orci, id dignissim eros.



Donec sollicitudin massa ut tellus gravida, ut luctus lacus maximus. Maecenas porttitor a tellus ac sagittis. Suspendisse potenti. Donec mauris sem, tristique a ipsum vitae, pretium facilisis libero. Nullam interdum mauris in euismod pretium. Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos himenaeos. Nunc felis lectus, ornare a nunc eu, convallis suscipit elit. Donec at magna non orci maximus mollis. Cras commodo venenatis lectus vel fringilla.

Proin mollis, magna consequat placerat tempus, lectus dui porttitor augue, eget vulputate orci augue nec nisl. Integer sagittis vitae nibh vitae finibus. Vestibul


Open an account to get
access to more details

Key Clients

Pellentesque tempor a risus in elementum. Proin malesuada mauris et mauris bibendum


Open an account to get
access to more details

See more exciting opportunities on CRIISP

Melbourne Victory FC

Melbourne Victory Football Club is an Australian professional soccer club based in Melbourne, Victoria. Competing in the country's premier competition, the A-League, under licence from Football Australia, Victory entered the competition in the inaugural season as the only Victorian-based club in...

flag_australia
Australia AUD
Sport Secondary Sales

Paycepaid

Paycepaid is a Software as a Service debt collection solution unlike any on the market today with a heavy focus on the debtor. Empowering businesses to manage their end to end collections while providing debtors with a magnitude of options to reduce financial stress and anxiety.

flag_australia
Australia AUD
Online Marketplace Seed Round

Mint Payments Limited

Mint Payments is an innovative payments solution provider focussed on offering full-service, end-to-end payment solutions for all businesses looking to accept payments from their customers and make payments to their suppliers.

flag_australia
Australia AUD
Payment Services Secondary Sales

Wholesale Investor

Wholesale Investor is a private investment platform across Australia, Singapore, and the UK with a 14-year track record of connecting growth companies and HNW investors. Our subscribers have benefited from gaining early access to private opportunities, including startups, scale-ups, small caps,...

flag_australia
Australia AUD
Fintech Series B+

neurocare group AG

neuroCare is innovating mental health and performance by personalising therapy following a detailed assessment. It is the first Digital Therapy Platform (DTP) in its area. Please note that most meaningful science papers published in the context of neuroCare's personalised therapy approach are...

flag_germany
Germany EUR
Healthcare Pre-IPO

eleXsys Energy (Parent Company of Planet Ark Power)

eleXsys Energy transforms the economics of optimised commercial rooftop solar and battery installations by developing grid-connected microgrid solutions that overcome industry voltage regulation and the restrictions that curtail the export of surplus clean energy into adjacent low voltage networks.

flag_australia
Australia AUD
Renewable Energy Pre-IPO

Sunshine Hydro

CleanTech innovator and developer of disruptive technology. Improving renewable project ROI which unlocks private capital and makes projects bankable. Project developer with a mix of short and long-term revenue opportunities. Meeting project milestones and generating value.

flag_australia
Australia AUD
Renewable Energy Infrastructure Series A

PRIMAL ORGANIX

Primal Organix has created the world’s first botanically derived Terpene blended anti-anxiety health supplement that manages anxiety in minutes. Our purpose is to support positive mental ill-health and well-being in all human beings.

flag_australia
Australia AUD
Healthcare Series A

Sustainable Fintech Fund

Sustainable Fintech Fund is an early-stage (pre-seed) fund focussed on sustainable fintech and managed by Startupbootcamp Australia. Startupbootcamp is a global network of accelerator programs with locations in key strategic hubs across the globe, designed to catalyse startup success and promote...

flag_australia
Australia AUD
Fintech Fund

Surf Lakes Holdings (Secondary Market Transaction)

Surf Lakes established in 2016, is an unlisted public company which provides a technologically advanced wave-generating device and bathymetric reef designs to theme, amusement and water sports parks operators. The Company in its short time of operations has been able to set its footprints...

flag_australia
Australia AUD
Sportech Pre-IPO

Join over 32,300+ sophisticated investors

Join Now