Last year, we wrote an article on the state of the Consumer Data Right (CDR). Now that the CDR has officially gone live, we thought it would be a good time to invite our CEO, Damir, to provide some insight into the current state of CDR and how it can better facilitate innovation.

We are pleased to announce that Basiq has joined the Consumer Data Right (CDR) Banking Advisory Committee.

Both ASIC and the ACCC have stated that they will not be banning ‘screen scraping.’ At Basiq, we work with many fintechs and welcome the position that “digital data capture services,” like screen scraping, remain necessary to fintech development in Australia.

The ACCC has deferred the launch of the CDR to July 2020. In light of this, it's useful to take a look at current CDR legislation. To help you get a better understanding of the issues at play, we’ve detailed three areas of interest.