Consumers will have greater direct control over their own customer data held by internet providers and phone companies after the Treasurer on Monday designated telecommunications as the third sector...
Consumer Data Right
Posted on
| by Joseph Brookes
Australian FinTechs have welcomed the latest expansion of Australia’s data portability scheme which will allow companies to act on behalf of consumers in certain situations like making payments, opening...
Posted on
| by Joseph Brookes
Australia’s new data portability scheme could lead to “hyper-tailored” retirement income based on a person’s insurance, health and financial data, according to the minister leading the initiative. In a...
Posted on
| by Denham Sadler
The federal government has significantly relaxed the accreditation rules around the Consumer Data Right, with participating companies to be able to “sponsor” smaller firms to take part in the...
Posted on
| by Ben Grubb
Electricity providers will be required to allow households and businesses to access their energy data under draft laws expanding the Consumer Data Right to the sector, released by the...
Posted on
| by Mark Perry
“I love deadlines. I love the whooshing noise they make as they go by,” said Douglas Adams, the iconic author of The Hitchhiker’s Guide to the Galaxy. But for...
Posted on
| by Brenton Charnley
On Thursday of this week Australia’s open banking community will celebrate the first birthday of the ground-breaking Consumer Data Right (CDR), which has started in banking sector before moving...
Posted on
| by Joseph Brookes
Treasury is developing new rules for Australia’s Consumer Data Right which would significantly expand businesses’ access to consumer data, following criticism that the accreditation requirements to participate are too...
Posted on
| by Denham Sadler
The federal government needs to get on the front foot and prepare for Big Tech to try to get involved with the Consumer Data Right scheme in order to...
Posted on
| by Joseph Brookes
The consumer regulator has warned participants in the new Consumer Data Right (CDR) regime to be both careful and clear with consumers when combining a customers’ data with information...
Posted on
| by Denham Sadler
A mandatory comprehensive credit reporting will be in place in Australia from July after legislation underpinning the scheme finally passed Parliament, more than three years after it was first...
Posted on
| by Brenton Charnley
As a proud Aussie, even I will admit there aren’t too many occasions where we are seen as a leader. Great cricket and rugby teams sure, and some amazing...
Posted on
| by Denham Sadler
The competition watchdog will lose most of its oversight powers for the Consumer Data Right with the federal government to bring decision-making powers in-house for the scheme under draft...
Posted on
| by David McClure
Australia’s consumer data right legislation doesn’t just exist to open up the banking sector, it’s for making the product matching and switching process much easier in an increasingly wide...