Tag: consumer data right

post-image

Treasury to open up Consumer Data Right

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...

The CDR: Why all eyes are on Australia

Posted on   |  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

Posted on   |  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

Posted on   |  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...

ACCC zeroes in on construction sector data

Posted on   |  by Denham Sadler
The Australian competition watchdog is “prioritising” investigation of the construction sector amid concerns that large software providers are charging exorbitant rates to transfer data to other providers and maintain...

Govt unveils digital business recovery plan

Posted on   |  by Denham Sadler
The federal government has unveiled an $800 million digital business package, but more than half of the funding is going towards following through with a 2018 budget promise to...

FinTech, data rights and a Newfound mission

Posted on   |  by David McClure
Australia’s consumer data right legislation doesn’t just exist to open up the banking sector, it’s for making the product matching and switching process much easier in an increasingly wide...