Tag: consumer data right

Stronger enforcement on CDR data incoming: ACCC

Posted on   |  by Brandon How
Australia’s competition watchdog is set to increase enforcement activities against banks that feed poor data into the Consumer Data Right following consultation with data recipients. In particular, “significant shortcomings”...

Second review of $1.3bn MMI grants program on the cards

Posted on   |  by Justin Hendry
Australia’s national auditor is contemplating a review of the former Morrison government’s $1.3 billion Modern Manufacturing Initiative despite an earlier internal review commissioned by Labor clearing the grant selections....

Frollo backs regulator’s warning on CDR compliance

Posted on   |  by Brandon How
Australia’s largest accredited data recipient under the Consumer Data Right scheme has backed the regulator’s warning that it intends to take enforcement action to ensure compliance if the banks...

Efficiency of Open Banking system improving

Posted on   |  by Brandon How
A report from FinTech firm Frollo has revealed an improvement in data sharing through Australia’s Open Banking system. Frollo operates an Open Banking platform that facilitates the transfer of...

CDR benefits will be worth the five-year wait: Hume

Posted on   |  by Joseph Brookes
Consumers will begin to see benefits of Australia’s data portability by next year after a half-decade “build phase”, according to Minister for Financial Services and the Digital Economy Jane...

Gig Guide: Encore term for SA Chief Scientist

Posted on   |  by Brandon How
South Australia has reappointed Chief Scientist Professor Caroline McMillen to the role for another three years. Professor McMillen has been in the role since October 2018 following her time...