Page 31 - Consumer Data Right News Today

Open source software vendor Red Hat has honoured its top partners in Australia and New Zealand for 2021. The company recognised partners for “their ongoing contributions to the open source ecosystem” and commitment to solving customers’ challenges in the rapidly evolving environment. Brisbane-based Integral Technology Solutions was awarded top honours of ANZ partner of the year. The company was recognized for its Whole-of-Government Identity Exchange and Access Management initiatives, inc...

2021-07-06 03:35:24 GMT2021-07-06 11:35:24(Beijing Time) Xinhua English WELLINGTON, July 6 (Xinhua) -- The New Zealand government has agreed to establish a Consumer Data Right (CDR) framework, giving consumers more control over their personal information. A CDR is a mechanism that requires data holders, such as banks and electricity retailers, to safely and securely share data with third parties, such as fintech companies, following consent from the customer. This means New Zealanders ga...

Treasury launches consultation on giving brokers CDR data subscribe A A Stakeholders have until 30 July to respond to a consultation on new rules that will allow consumers to share their open banking data with mortgage brokers. Treasury has released for consultation new draft rules to amend the Consumer Data Right (CDR) so that consumers can share their data with “trusted professional advisers”, including mortgage brokers, without these professionals needing to fall under the same regu...

Tech investments and skilled migrants pinned to boost Australias productivity levels ZDNet 16 hrs ago © ZDNet Australias Treasurer Josh Frydenberg has stated that continued investment in technology as well as bringing in skilled migrants to Australia would help boost the countrys productivity levels over the next 40 years. Popular Searches "COVID-19 has significantly accelerated the pace of technology adoption, business digitalisation, and is changing the way we work, we communicate, and we...

Published: Jun 9, 2021 As new core functionality within banking apps shifts to third-party integrations, what does this mean for banking customer loyalty when customers will prefer to engage a bank via an alternative platform that is more in-touch with their day-to-day living?  Be it day-to-day banking interactions or seeking new needs, ‘Open Banking’ and it’s journey to enable write access across non-bank ecosystems, supported by more intrinsically integrated overlay payment services v...

Public Interest Advocacy Centre The Commonwealth Treasury’s new proposal for a Consumer Data Right (CDR) increases risks for vulnerable energy consumers, won’t deliver its intended benefits and should be abandoned. These were the recommendations of the Public Interest Advocacy Centre’s submission to the Treasury’s consultation on its plans for a CDR for energy. The Treasury proposal puts control of energy consumers’ data in the hands of energy retailers and automatically opts consumer...

Community legal centre Financial Rights Legal Centre has called on the Australian Government to respect the rights of joint bank account holders to co...

Commonwealth Bank will become the first big four bank to allow customers to view other accounts within its app.

The Financial Rights Legal Centre says the Government to rescind the proposal to automatically opt Australians into data sharing for joint bank account holders.

The Commonwealth Bank of Australia (ASX:CBA) share price is pushing higher today after releasing a digital banking update...