External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. What’s new in the Consumer Data Right? 6 hours ago Source: Frollo As the Consumer Data Right roll out progresses, Treasury has recently announced a number of updates to improve and expand the regime. We’ve listed the three most important developments below: 1. Opt-in model for joint accounts Probably the most impactful and necessary update in the short term, is the proposal to change the way data sharing works for joint accounts. Currently the way this works is via opt-in. This means, before a consent for data sharing with a Data Recipient can be provided, both account owners need to have data sharing enabled in their Joint Accounts Management Service (JAMS), which they can find in their online banking portal.