Tag: consumer data right

New laws to expand CDR to energy sector

Posted on   |  by Ben Grubb
Electricity providers will be required to allow households and businesses to access their energy data under draft laws expanding the Consumer Data Right to the sector, released by the...

Data quality concerns surround open banking scheme

Posted on   |  by Joseph Brookes
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

Posted on   |  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?

Posted on   |  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

Posted on   |  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

Posted on   |  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

Posted on   |  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

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...