Customer data right

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 Consumer Data Right legislation was passed by the Australian parliament on Thursday, providing the legal framework for Australia’s open banking regime. The CDR is a competition and consumer reform announced by the Australian Government in May 2018. Essentially a data portability right, the CDR will allow consumers to direct

Australia’s Customer Data Right (CDR) legislation is expected to pass in the first quarter of 2019 and from July 1 the big four banks will be required to publicly share product data about credit and debit cards, deposit accounts and transaction accounts. However the banks now have until February 2020

Global accelerator program Startupbootcamp is launching a new fintech accelerator backed by NAB, Bupa, YBF, Deloitte, AWS, Cisco and Capgemini. Based in Melbourne, the new accelerator will focus on financial health and wellbeing. Along with industry partners, selected startups will be looking at the intersection between open banking, consumer data

The federal government has set aside $44.6 million over the next four years for the new Consumer Data Right (CDR) scheme, which will underpin Australia’s shift to open banking. CDR aims to give Australian consumers greater control of their data, allowing them to more easily share transaction, usage and product