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Showing 1 - 10 of 16 results for "Consumer Data Right"

Government launches digital economy strategy

ANNABELLE DICKSON  |  FRIDAY, 7 MAY 2021
... the federal budget. The digital economy strategy includes $111.3 million to accelerate the rollout of the Consumer Data Right in banking, energy and telecommunications and $50 million to enhance cyber security in government, data centres and future telecommunications ...

Personal finance app retires Australian business

KARREN VERGARA  |  TUESDAY, 15 DEC 2020
A personal finance management app provider has been hit by several forces such as COVID-19, forcing it out of the Australian market. Moneytree will discontinue services in Australia from 15 January 2021. Moneytree LINK, a financial data platform for ...

Fintechs receive JobMaker funding boost

KARREN VERGARA  |  FRIDAY, 2 OCT 2020
... allow businesses to quickly view, update and maintain registry data in one location ($420m); Rollout of the Consumer Data Right to the banking and energy sectors ($28.5m); Acceleration of 5G to conduct commercial trials and testbeds in sectors such as ...

ACCC amends consumer data right rules

ALLY SELBY  |  FRIDAY, 2 OCT 2020
The Australian Competition and Consumer Commission (ACCC) amended the consumer data right rules to allow intermediaries to collect data on behalf of third party recipients. The changes will allow accredited businesses to obtain consumer data with their ...

End of Super Complaints Tribunal nears

ELIZABETH MCARTHUR  |  MONDAY, 21 SEP 2020
... limits and to correct a reference to legislation. A legislative cross reference to the definition of "CDR [Consumer Data Right] Participant" in AFCA's rules was written incorrectly. However, the proposed change will not change the extent of AFCA's jurisdiction ...

Open banking accreditation now open

ALLY SELBY  |  WEDNESDAY, 27 MAY 2020
The ACCC has today launched its Consumer Data Right Register and Accreditation Application Platform (RAAP), set to be the "IT backbone" of open banking in Australia. Consumer Data Right gives consumers greater access and control over their data, allowing ...

Open banking to charge on

ELIZA BAVIN  |  TUESDAY, 7 APR 2020
The consumer watchdog has confirmed the launch of open banking will go ahead at the July 1 deadline as a means to help drive competition. ACCC chair Rod Sims said he believes a key driver of reform, and greatly improved competition in financial services ...

Consumer data right for open banking delayed

ALLY SELBY  |  FRIDAY, 20 DEC 2019
The ACCC has delayed the launch of consumer data right (CDR) for the banking sector to July 2020, postponing key components of the reform that would have allowed the kick-off of open banking in Australia by February next year. Consumers will now be ...

Tech to topple banking: RBA

ALLY SELBY  |  WEDNESDAY, 18 DEC 2019
... non-banks have some data that is useful for banking business." These regulatory changes are open banking and consumer data right (CDR), which allow consumers to own their banking data, allowing them to share this data with other institutions and find ...

KPMG foretells open super era

HARRISON WORLEY  |  WEDNESDAY, 16 OCT 2019
... of member engagement in super will closely follow the developments of open banking, with the passing of the Consumer Data Right paving the way for super funds to introduce "customer-centric products and solutions" powered by personalised data. According ...
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