Enforcement efforts will be focused on issues involving the quality of product reference data such as incorrect interest rates and missing data.
April 10, 2023NatWest and National Australia Bank published a white paper drawing lessons from the UK and Australia's open banking implementations.
February 26, 2023FinTech Australia and FDATA say ING's planned platform upgrade will invalidate thousands of CDR consents and force consumers to redo the process.
February 8, 2023Treasurer Jim Chalmers fears savings rates do not fully reflect changes to the cash rate, which has recently risen for an eighth consecutive month to 3.1 percent.
January 12, 2023The ACCC said ING Bank was not capable of receiving consumer data requests from accredited data recipients within the required timelines.
December 19, 2022Under a new bill in Parliament, consumers will be able to instruct accredited third parties to initiate CDR‑powered actions on their behalf.
December 9, 2022The banking industry will be the first sector in New Zealand to implement a Consumer Data Right mechanism, like in Australia.
November 17, 2022The consultation is gathering views on data quality issues in the CDR ecosystem, the harms they cause, and ways to address them, including through enforcement.
November 4, 2022Consumers would be able to instruct businesses to make payments, open and close accounts, switch providers, and update personal details on their behalf.
September 30, 2022The CDR sandbox will reduce the time and cost firms spend trying to become active CDR participants and updating their CDR offerings.
July 25, 2022