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Australia's Consumer Data Right: Here's everything you need to know


From July 1, customers can request their bank to share their data for deposit and transaction accounts and credit and debit cards. Here's an in-depth look at the Consumer Data Right.

Australia's Consumer Data Right (CDR) officially launched on Wednesday, with the first tranche, an open banking-like regime, requiring financial services providers to share a customers' data when requested by the customer.

Individual customers of the big four banks -- ANZ Bank, the Commonwealth Bank of Australia (CBA), National Australia Bank (NAB), and Westpac -- can request their bank share their "live" data for deposit and transaction accounts and credit ...


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