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FinTech inquiry pivots to COVID-19 response

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...

Data rights on track for July launch

31 March 2020 | 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...

FinTech screen scraping scrap heats up

18 March 2020 | by Denham Sadler

The landmark Parliamentary inquiry into the FinTech sector has again descended into a feud over the controversial practice of screen scraping, much to the chagrin of FinTech Australia. Screen...

Second CDR inquiry is ‘premature’

3 February 2020 | 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...

FinTechs trying to shirk CDR rules

20 January 2020 | 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

16 January 2020 | 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

7 January 2020 | 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...

Andrew Stevens on energy sector data

6 November 2019 | by James Riley

Australia’s data standards chief Andrew Stevens has named a 14-member committee to deal with building the Consumer Data Right regime within the energy sector. It includes a mix of...

OAIC consults on CDR privacy rules

21 October 2019 | by Denham Sadler

The Office of the Australian Information Commissioner has begun consulting on the privacy rules surrounding the government’s controversial Consumer Data Right, with plans to reach out to FinTechs and...

Open banking trial FinTechs unveiled

25 September 2019 | by Denham Sadler

Ten FinTechs have been selected to take part as guinea pigs in testing of the open banking scheme before its official launch at the start of next year. The...

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