Tag: CDR

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Data

Industry bristles as open banking stutters

Australia’s FinTech and neobank industry is growing frustrated at the slow pace and arduous requirements of the Consumer Data Right (CDR) – once heralded as a landmark reform –...

ACCC warning on ‘screen scraping’ and CDR data

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...

The CDR: Why all eyes are on Australia

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...

FinTech, data rights and a Newfound mission

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...

Data rights on track for July launch

Posted on   |  by James Riley
There has never been a more important time to expedite digital innovation across the economy according to competition tsar chief Rod Sims, who says the ACCC will keep its...

Second CDR inquiry is ‘premature’

Posted on   |  by Denham Sadler
A new government inquiry looking at expanding the Consumer Data Right before the scheme had actually launched is “premature”, according to the Financial Rights Legal Centre. Treasurer Josh Frydenberg...

MacGibbon wants cyber support for startups

Posted on   |  by Denham Sadler
The federal government should provide financial support to startups and small businesses looking to meet the “rigorous” open banking privacy and security rules, according to former special adviser to...

FinTechs trying to shirk CDR rules

Posted on   |  by Denham Sadler
Current laws and regulations aren’t enough to stop FinTechs shirking the new Consumer Data Right rules, according to two major consumer groups. In a joint submission to the Select...

ANZ wants tiered system for CDR

Posted on   |  by Denham Sadler
Australia’s imminent open banking regime should include lower tiers of accreditation for data receivers and easier ways for third-parties to gain access to banking data, according to ANZ. The...

History repeats: Open banking delayed again

Posted on   |  by James Riley
It was a case of history repeating itself in the dying days of 2019, as a delay to the launch of open banking was announced on the last Friday...