consumer data right Archives

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

28 March 2021 | 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

21 December 2020 | 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...

Australian FinTech: Worth its weight in gold

18 December 2020 | by Jane Hume

One of the most remarkable things about the COVID pandemic is how investors rushed to listed technology equities as panic struck global markets. Whereas gold has traditionally dominated as...

Consumer Data Right powers shifted from ACCC

6 November 2020 | 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...

ACCC zeroes in on construction sector data

14 October 2020 | by Denham Sadler

The Australian competition watchdog is “prioritising” investigation of the construction sector amid concerns that large software providers are charging exorbitant rates to transfer data to other providers and maintain...

Govt unveils digital business recovery plan

29 September 2020 | by Denham Sadler

The federal government has unveiled an $800 million digital business package, but more than half of the funding is going towards following through with a 2018 budget promise to...

FinTech, data rights and a Newfound mission

8 September 2020 | 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...

Open banking’s majestically slow start

30 July 2020 | 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...

The unrealised potential of data intermediaries

1 July 2020 | 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...

Tag: consumer data right