While at a first glance Consumer Data Right (CDR) might seem an intruder to the peace that Australia’s financial institutions have built for themselves, CDR is here to stay and bring benefits to all players involved, provided that we all make it work. The Australian Competition and Consumer Commission (ACCC) defines CDR as a mechanism requiring Data Holders to allow third parties to securely access bank data, with the end...
Australia is at the forefront of giving consumers greater control over their data via Consumer Data Right (CDR). With phase two of the regulatory adoption quickly approaching, Australian data holders are welcoming a new CDR Compliance solution on the market. The technology solutions expert FinSS Global joined forces with Salt Edge, a leader in developing open banking compliance products, to enable local data holders to meet all the strict CDR...
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