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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 sha...

By Kate Weber on Feb 19, 2021 12:47PM In preparation for CDR deadline. Heritage Bank has teamed up with consulting giant Ernst and Young (EY) to deploy an open banking platform that will allow it to share data under the consumer data right from July 2021. The mutual bank on Friday said it would utilise the cloud-based EY Fuse platform to capitalise on potential new services, products and experiences for consumers, while promoting better competition. Built on Microsoft Azure, the modular EY Fuse solution allows financial institutions to fast-track comp...