Some of Australia’s largest banks removed cyber security talent from their respective consumer data right projects in anticipation of heightened cyber security threats during the coronavirus pandemic, the country’s competition regulator has revealed.
Government News
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InnovationAus: Second CDR inquiry is ‘premature’
by Site Adminby Site AdminA new government inquiry looking at expanding the Consumer Data Right before the scheme had actually launched is “premature”, according to the…
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IT News: CBA backs bank push for access to tax data
by Site Adminby Site AdminCBA is hoping the Australian Taxation Office will allow individuals to consent to “one-off sharing” of their tax data when applying for…
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Brisbane Times: Canberra urged to join the data sharing action
by Site Adminby Site AdminThe Commonwealth Bank is urging the government to consider allowing people to share personal data held by public agencies, saying it could…
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IT News: Treasury probes the fight for the ‘write’ to access your payments
by Site Adminby Site AdminThe federal government has opened the door to relaxing merchant and buy-now pay-later access to everyday people’s bank accounts, confirming the highly…
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Treasurer formally announces enquiry into enabling Write Access in the CDR
by Site Adminby Site AdminThe Morrison Government is continuing to give consumers more power over their own data by undertaking an inquiry to examine further ways in which the Consumer Data Right (CDR) can further support innovation and competition.
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New ‘data right’ inquiry could wrest payments function from banks
by Site Adminby Site AdminThe Morrison government will consider letting non-banks initiate payments under its “open banking” regime, a move that could wrest control of a…
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Consumer warning of ‘profiling for profit’ by fintechs
by Site Adminby Site AdminConsumer groups have hit back at suggestions the open banking regime is too tough on fintechs, saying start-ups may be trying to use…
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AFR: Open banking rules too onerous, say fintech start-ups
by Site Adminby Site AdminFintech companies wanting to use the open banking regime face costs of up to $100,000 to get accredited by the competition regulator…
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ACCC: New Year Update, new standalone CDR Division, New Executive General Manager
by Site Adminby Site AdminSource: https://mailchi.mp/accc.gov.au/consumer-data-right-2020-a-new-year-update?e=323bf32234 Originally published 10 January 2020 CDR welcomes new Executive General Manager, Paul Franklin In recognition of the high priority and…