Displaying items by tag: Consumer Data Right

Wednesday, 16 February 2022 11:27

Siss Data Services is now recipient for open banking

Open banking platform Siss Data Services has completed ACCC Conformance Testing to become an active data recipient for open banking under the Consumer Data Right.

Published in Market
Thursday, 02 December 2021 11:56

Why intelligent automation fails

GUEST OPINION: While most organisations have been migrating towards digital transformation for some time, the events of the past few years propelled them further down the path at breakneck speed. With the challenges that lie ahead, intelligent automation (IA) is an increasingly attractive option, but to use it to build a competitive advantage, you need to back it up with the right approach.

Published in Guest Opinion

Information services company Experian has appointed Simone Jemmett to the role of general manager for Look Who's Charging and open data.

Published in People Moves

Finder, the first comparison platform, through its CDR accreditation, can ask for consumer’s consent to their banking data to provide personalised recommendations and help them make better decisions regarding their finances.

Published in Business IT
Wednesday, 23 December 2020 11:08

ACCC extends Consumer Data Right

Changes to the Consumer Data Right (CDR) rules will allow more businesses to share their banking data with accredited recipients.

Published in Technology Regulation

Consumer groups Financial Rights Legal Centre, Consumer Action Law Centre and Financial Counselling Australia have called for a “radical” overhaul of privacy laws they say will provide greater protections for consumers to counterbalance the “increased use and exploitation of big data by business and industry”.

Published in Government Tech Policy

Digital identity provider ForgeRock has launched tools to give banks and financial service providers an economical wat to build and test consumer data rights systems, and claims these utilities can reduce compliance costs by two-thirds.

Published in Enterprise Solutions

A community legal centre has expressed concern that proposed changes to the Consumer Data Right rules puts people at risk.

Published in Technology Regulation

Digital bank 86 400 has unvelied what it claims is the first consumer-facing feature developed using Open Banking product data, a real-time comparison graph of savings interest rates.

Published in Strategy

Australia’s competition watchdog, the Australian Competition and Consumer Commission (ACCC) and the Office of the Australian Information Commissioner (OAIC) say they will adopt a “strategic risk-based approach to compliance and enforcement” in dealing with breaches of the Consumer Data Right Compliance and Enforcement Policy.

Published in Technology Regulation

The chief of Australia’s competition watchdog, the ACCC, Rod Sims, says competition has a critical role to play in getting the economy running efficiently again post the COVID-19 pandemic and economic crisis.

Published in Strategy
Friday, 20 December 2019 10:32

ACCC delays CDR implementation

The launch of the Consumer Data Right (CDR) in the banking sector has been delayed until July 2020.

Published in Technology Regulation

IT solutions provider Unisys has released the latest version of its Unisys Elevate omnichannel banking software platform which is designed to support the move to open banking.

Published in Enterprise Solutions

The Australian competition watchdog has released draft rules for the Consumer Data Right and has invited consumers, businesses and community organisations to send in their feedback by 10 May so that the rules can take effect from 1 July.

Published in Data

The Australian Information Industry Association says its members are opposed to the imposition of a template for the proposed consumer data rights regulatory framework that is designed to suit the banking and energy sectors.

Published in Strategy

Ireland-based global fintech Priviti has launched in Australia as the country prepares for the imposition of new Open Banking legislation and the Consumer Data Right which require major banks to make data on credit and debit card, deposit and transaction accounts available by July 2019 and mortgages by February 2020.

Published in Data

A survey of 2000 Australians has found that two-thirds are unwilling to share their financial data with non-banking organisations.

Published in Data

Australians will be able to safely share their personal data with trusted service providers once consumer data rights (CDRs) become a reality, the ACCC chair Rod Sims says.

Published in Data

The Coalition Government’s Federal Budget allocation of funding for the establishment of a Consumer Data Right scheme has been welcomed by the competition watchdog — the Australian Competition and Consumer Commission — which will oversee development of the scheme.

Published in Data

The federal government has promised to give citizens better access to their banking, energy, phone and Internet data, making it easier for them to switch between providers.

Published in Government Tech Policy




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