Tag: consumer data right

Data rights on track for July launch

Posted on   |  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

Posted on   |  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’

Posted on   |  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

Posted on   |  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

Posted on   |  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

Posted on   |  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

Posted on   |  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

Posted on   |  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

Posted on   |  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...