How to Set Up Your Business Network for Data Sharing

How do I share data on my business accounts?

If your business is in a Business Network in Online Banking and the Open Banking feature has been activated in Online Banking, your Administrator will need to nominate Users within your Business Network to share the Organisation’s Open Banking Account data.

If your business is not in a Business Network and your Open Banking Account is owned by 1 or more individual customers e.g. sole traders, when you commence the data share option via the Accredited Data Recipient, all of the Open Banking Accounts that you own (including business products) will be displayed and available to data share. If the business account is owned by more than one individual customer, the requirements relating to data sharing for joint accounts will apply.

How do I update Users in my Business network to data share?

1. Administrators need to sign into Westpac Online Banking and navigate to the Business network profile
2. Select Administration > Features and approvals
3. Scroll down to the heading ‘Open Banking data sharing’ and select Enable data sharing (if it is not already selected)
4. Select Save
5. Select Administration > User administration
6. Select the name of the User that you want to be a Nominated Representative (i.e. permission to data share on behalf of the Organisation)
7. Scroll down the page to the heading ‘Open Banking data sharing’ and select Manage data sharing
8. Check that the User is registered for Protect SMS (can be validated in the ‘Additional security’ section)
9. Select Save

This User is now a Nominated Representative who is able to share Open Banking Account data for the accounts owned by the Organisation and will be presented with a Profile selection option when they start the Data Sharing option from the Accredited Data Recipient. If you wish to add more Nominated Representatives repeat steps 5-9.