CDR

The introduction of the consumer data right, which underpins open banking will make it easier for consumers to switch banks, but that will not be without cost to incumbents and insurgents alike. That’s the view of Michael Ewald, director of engineering and consulting APAC Contino, an Enterprise DevOps and Cloud

Fintechs and banks can now apply for accreditation as a data recipient within Australia’s Consumer Data Right (CDR) regime following the launch of the underlying IT infrastructure that enables the data sharing environment.  ACCC’s Consumer Data Right Register and Accreditation Application Platform (RAAP) is now live, ahead of the July

The rollout of Australia’s new Consumer Data Right (CDR) has been delayed several times already. And there are now growing concerns that COVID-19 could push the launch date back even further as workers are forced to adapt to remote working and business uncertainty. But the latest update from the ACCC,

Regional Australia Bank is the first Accredited Data Recipient of Australia’s Consumer Data Right (CDR), as open banking trials continue to progress towards the scheduled July launch. The ACCC, which is overseeing the testing, announced on Friday all participants have entered industry testing which began in September 2019. So far

The debate over the future of screen scraping in Australia is being complicated by the slow roll out of Australia’s open banking regime, a data sharing system which would make the practice obsolete. Screen scraping occurs when consumers provide their banking username and password to a third party, such as

Australia’s open banking regime begins in July but Australian businesses are already being urged to consider how the data sharing reform will impact them, regardless of their industry. That’s because the Consumer Data Right, the legislation which underpins open banking, is an economy-wide consumer and competition reform which will have

Consumers will have greater control of their data and what it is used for under Australia’s new consumer data right, according to new privacy guidelines released today.  “Data can only be shared at the consumer’s request, for a specific purpose and for a limited time period. Consumers also have the

Within 12 months Australia’s Open Banking regime is expected to be well advanced, according to the chair of the body responsible for developing the technical standards for Australia’s Consumer Data Right.  And as the CDR framework is applied to more industries, the use cases for consumers and tech companies get

No Australian business has adequately architected its information systems to meet the requirements of the incoming Consumer Data Right (CDR) in order to share data in real time.  That was a key takeaway from a CDR panel during Gartner’s Data and Analytics Summit in Sydney this week which included the

The ACCC has formally set the rules for the Consumer Data Right (CDR) which detail how the scheme works and what the banks are legally required to do when open banking begins on July 1, 2020.  Legislated in 2019, the Consumer Data Right will give consumers the right to safely