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The government has accepted the recommendations of a review of the Consumer Data Right that called for the rollout of the system to be put on hold while steps are taken to improve data quality and security, and increase awareness and take-up.
The government has quietly applied the handbrake to the expansion of the Coalition’s signature competition architecture project, the CDR scheme.
Australia’s peak body for the fintech industry, FinTech Australia and global non-for-profit supporting open banking companies, FDATA, calling on policy-makers to put in place a long-sought after roadmap for the consumer data right’s (CDR) implementation.
The CEO of the Mortgage & Finance Association Australia has said the future of broking looks bright, and enabled by technology.
Buy now, pay later providers will face stricter requirements as new regulations come into effect.