Page 30 - Consumer Data Right News Today

The Morrison Government has today made amendments to the Consumer Data Right Rules (version 3 of the rules) that will support increased participation in the Consumer Data Right (CDR) by businesses and empower consumers to get the value of their data through a broad range of service offerings.

The Morrison government has made changes to the open banking regime, including opening up consumer data to mortgage brokers.  

Many people are driving around thinking they are comprehensively insured when they are not because they did not provide the full picture of their driving or claims history to their insurer. .

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A major paradigm shift is taking over Asia Pacific (APAC)’s banking sector, driven by a changing regulatory landscape, the onset of open banking, and rising competition from bigtechs and super apps.

Robo-advice is the future of financial advice and can create a “fantastic” pipeline of clients for full-service advice, according to Jane Hume.

ASX-listed comparison site details plans to capitalise on the Open Energy initiative driven by the CDR legislation

The Loan Market Group has called for more clarity around the role of aggregators in the new CDR proposal, and urged that they be recognised as data recipients for brokers. The aggregation group has lo

People power: The changing face of customer-owned lenders subscribe A A The mutuals have undergone a huge amount of change in the past year, with lenders merging, new tech being released, and brokers highly rating their experiences with them.  In December 2020, as Australia was closing off one of the most disruptive years on record, the Customer Owned Banking Association was holding its annual conference. It was here when the deputy chair of the Australian Prudential Regulation Authority (APRA...

Surviving And Thriving In The CDR Era -Integrating the Consumer Data Right will be a key challenge for Australian businesses -The CDR seeks to rebalance the data relationship of commercial entities and consumers -It seeks to offer consumers more control over their data and ways to use it for their benefit By Ed Kennedy The implementation of the Consumer Data Right (CDR) is set to be a key commercial trend of the 2020s. The CDR shall deliver consumers greater control over their own data. This in...