CDR Archives

Advanced Manufacturing

Second review of $1.3bn MMI grants program on the cards

Australia’s national auditor is contemplating a review of the former Morrison government’s $1.3 billion Modern Manufacturing Initiative despite an earlier internal review commissioned by Labor clearing the grant selections....

Data quality issues holding back CDR scheme: report

4 October 2022 | by Brandon How

A more deliberate effort to maintain good data quality in the Consumer Data Right (CDR) scheme must be taken to increase participation and present a viable alternative to screen...

ACCC issues first fine for alleged CDR breach

13 July 2022 | by Brandon How

The competition watchdog has issued its first infringement notice for an alleged breach of the Consumer Data Right to the Bank of Queensland. The Australian Competition and Consumer Commission...

New ACCC chair Gina Cass-Gottlieb to focus on CDR and digital wallets

1 June 2022 | by Brandon How

New competition tsar Gina Cass-Gottlieb has outlined her priorities in the role, with a commitment to enforce the Consumer Data Right and protect consumer interests in the financial services...

Efficiency of Open Banking system improving

5 April 2022 | by Brandon How

A report from FinTech firm Frollo has revealed an improvement in data sharing through Australia’s Open Banking system. Frollo operates an Open Banking platform that facilitates the transfer of...

Non-bank lenders to join CDR under first ‘open finance’ expansion

16 March 2022 | by Joseph Brookes

Pay-day loan companies and other non-bank lenders will be added to Australia’s data portability scheme under the federal government’s plan to expand the Consumer Data Right across the finance...

CDR benefits will be worth the five-year wait: Hume

24 February 2022 | by Joseph Brookes

Consumers will begin to see benefits of Australia’s data portability by next year after a half-decade “build phase”, according to Minister for Financial Services and the Digital Economy Jane...

Data breaches on the rise in second half of 2021

22 February 2022 | by Brandon How

There was an uptick in data breaches in the second half of 2021 but an overall drop compared to the previous year, according to the privacy watchdog’s end of...

Aussie FinTechs ‘relieved and pleased’ as govt accepts CDR expansion

21 December 2021 | by Joseph Brookes

Australian FinTechs have welcomed the latest expansion of Australia’s data portability scheme which will allow companies to act on behalf of consumers in certain situations like making payments, opening...

Banks get CDR privacy ‘bedrock’ tick from regulator

23 November 2021 | by Joseph Brookes

Australia’s privacy watchdog found no areas of high privacy risk in an assessment of the Big Four banks’ Consumer Data Right policies and practices but did identify at least...

Tag: CDR

Second review of $1.3bn MMI grants program on the cards

Data quality issues holding back CDR scheme: report

ACCC issues first fine for alleged CDR breach

New ACCC chair Gina Cass-Gottlieb to focus on CDR and digital wallets

Efficiency of Open Banking system improving

Non-bank lenders to join CDR under first ‘open finance’ expansion

CDR benefits will be worth the five-year wait: Hume

Data breaches on the rise in second half of 2021

Aussie FinTechs ‘relieved and pleased’ as govt accepts CDR expansion

Banks get CDR privacy ‘bedrock’ tick from regulator

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