Page 9 - Consumer Data Right News Today

Advisers and brokers operating under the AMP Advice licence package can now access Frollo’s open banking technology and money management app.

Expanding the Consumer Data Right to give brokers ‘action initiation’ privileges would benefit mortgage borrowers, the Finance Brokers Association of Australia has told the Senate.

Melbourne-based personal financial management and data-sharing app diñeiro has selected Envestnet®|Yodlee® to supply live financial data and analytics so mortgage brokers can understand a borrower’s full financial position seamlessly via the consumer app.  

Melbourne-based personal financial management and data sharing app diñeiro has selected Envestnet®|Yodlee® to supply live financial data and analytics so mortgage brokers can understand a borrower’s full financial position seamlessly via the consumer app.

The Australian Competition and Consumer Commission has warned that it will take a stronger and more active regulatory approach to improve data quality in the Consumer Data Right system.

ING Bank Australia suffered significant setbacks in 2022, with two regulators calling out compliance failings and a fall in the value of its home loan book in the second half of the year.

Biza.io, a financial technology company, was founded in 2017 by Stuart Low, a former head of innovation at Rabobank Australia and New Zealand.

Whether it's inflation in the economy or inflation in regulatory fees, the cost to give advice is only climbing. However, some advice practices have found success streamlining certain processes in their businesses.

Cuscal Limited and Basiq Pty Ltd have entered into a binding agreement under which Cuscal will "acquire a controlling interest in Basiq."

Customer experience, data, technologies and partnerships key to insurers' digital journey.