“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...
Consumer Data Right
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...
Posted on
| by Denham Sadler
Australia’s Consumer Data Right scheme has received a further $20 million after the opening banking regime’s slow start this month, with only one FinTech signed up as a data...
Posted on
| by Ross Sharrott
The delay to allowing data intermediaries to fully participate in the Consumer Data Right (CDR) will significantly curtail the effectiveness of open banking in Australia and the creation of...
Posted on
| by Denham Sadler
The privacy and competition watchdogs have outlined how they plan to enforce the rules and laws surrounding the Consumer Data Right, which will be launched into the banking sector...
Posted on
| by Kristofer Rogers
At the recent AFR banking and wealth conference, held as a virtual event during these unprecedented times, ACCC chairman Rod Sims reasserted a commitment to keeping the July 1...
Posted on
| by Denham Sadler
The decision to delay the landmark Parliamentary inquiry into FinTech and reopen submission to address COVID-19 is “dangerous” and risks taking the momentum out of the government’s response to...