consumer data right Archives

Data

Data quality concerns surround open banking scheme

Questions remain about the quality of data being used in Australia’s “world leading” consumer data portability scheme one year after it was launched, according to its newest entrant. Basiq,...

No reward for banks risking CDR non-compliance

1 July 2021 | by Mark Perry

“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...

It’s the CDRs first birthday. So where’s the party?

29 June 2021 | 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...

Treasury to open up Consumer Data Right

4 May 2021 | 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...

Time to prepare for Big Tech in the CDR scheme

29 April 2021 | 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...

Industry bristles as open banking stutters

16 April 2021 | by Joseph Brookes

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...

Tag: consumer data right