Tag: consumer data right

‘Languishing’ CDR bill passes Parliament

Posted on   |  by Brandon How
After “languishing” in Parliament for close to two years, legislation to expand the consumer data right to action initiation has passed, despite concerns about the broader scheme. The Treasury...

How to get the consumer data right back on track

Posted on   |  by Aaron Violi
The consumer data right, or CDR, is a pioneering economic reform that gives consumers the ability to safely share the data Australian businesses hold about them for their own...

CDR architect says hold the course as banks blast scheme

Posted on   |  by Joseph Brookes
The architect of Australia’s consumer data right is calling for patience with the four-year-old scheme and teased additional future benefits after banks on Wednesday warned almost no one was...

CDR fines hit limits of foreign firms

Posted on   |  by Joseph Brookes
Global banking giant HSBC has avoided a hefty fine despite allegedly sending inaccurate and incomplete data through Australia’s budding economy-wide data sharing scheme. The bank paid penalties of $33,000...

Heavy lifting needed on data sharing, but not by banks

Posted on   |  by Sandy Plunkett
Here’s a philosophical question for the times: If a national economy-wide digital economy platform initiative is suffering a slow, tortured death – and no one notices – should it...

New chief takes up FinTech’s funding fight

Posted on   |  by Joseph Brookes
As investment in Australia’s FinTechs dries up, the sector’s peak group is juggling new ways to support its next generation to ride emerging areas like AI and sustainable finance...