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Showing 1 - 10 of 20 results for "Consumer Data Right"

Allianz Retire+ heavyweight jumps ship

ELIZABETH FRY  |  FRIDAY, 17 NOV 2023
... He pointed out that some super funds are investigating the possibility of obtaining banking data using the Consumer Data Right, or open banking as it is widely known. "For a compulsory system, obtaining data through MyGov is an efficient way to supply ...

Lumiant partners with Envestnet | Yodlee

ANDREW MCKEAN  |  THURSDAY, 29 SEP 2022
Lumiant will be the first company to leverage Envestnet | Yodlee's Consumer Data Right (CDR) accreditation under the CDR representative model to power its Your Wealth module. The partnership enables Lumiant to access real-time data from financial ...

ACCC on financial services priorities

CASSANDRA BALDINI  |  WEDNESDAY, 1 JUN 2022
... regulator and industry effort to disrupt scams and promotion of competition and consumer choice through the consumer data right. Cass-Gottlieb started by noting the COVID acceleration of digital payment methods namely the use of digitally stored cards ...

APRA champions flexible financial technology regulation

ANDREW MCKEAN  |  FRIDAY, 8 APR 2022
... the face of information asymmetry." "It can also be the foundation for innovation: the establishment of the consumer data right and open banking in Australia is an obvious example." APRA is first and foremast a safety regulator with a mandate to promote ...

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 ...
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