Where the survey and research has been quite revealing is surrounding the older population in Australia’s lack of understanding about whether Open Banking would be more effective than traditional banking. Within this question, there is a debate about whether third party banking platforms, Apps or institutions would be able to provide a superior service that is actually worth the risk of trusting that provider with personal financial information. Generally speaking, the older sector of the Australian population is fiscally traditional in the sense that they want to trust traditional banks rather than advanced payment options that are available today. There is a psychological impact here in that there is a potential stress caused to the consumer worrying about who has access to their financial information in the age where identity theft and hacking can be quite commonplace.