Consumer Data Right stories

The Australian Government is trialling digital ID pilots to simplify rental applications and better protect renters’ personal data from misuse and theft.

Open Banking in Australia could boost the economy by AUD $10 billion annually as consumer data sharing and digital services usage rapidly grow.

A study urges Australian super funds to boost digital engagement and personalisation to tackle low member loyalty and shifting consumer expectations.

Mastercard and Equifax have launched Open Score, a tool using open banking data to help 2.5 million Australians with limited credit history access finance.

Experian and Stryd have teamed up to offer Australian mortgage brokers enhanced client insights using open banking data and product pricing.

New Zealand's open banking has advanced with NZD $13.77m spent over six years, delivering API standards adopted by major banks covering 80% of accounts.

Adyen joins forces with Fiskil in Australia to enhance merchant onboarding using Fiskil's Banking API, boosting speed, security, and future financial services.

Australia faces the highest rate of API security breaches at 95%, yet incurs the lowest average cost of AU$493,367, reveals Akamai's 2025 Asia-Pacific study.

Biza.io appoints Kam Rafiei as Product Lead to boost Consumer Data Right services amid rising demand from non-bank lenders under new CDR rules.

Over 100 fintech leaders urge Australian parties to end policy inertia and finalise reforms aimed at easing cost of living pressures and boosting the sector.

FinTech Australia is urging the government to revamp R&D tax incentives as investment in early-stage fintechs declines, risking a two-speed sector.

The evolution of Australia's Consumer Data Right is set to transform lending, allowing non-bank lenders to innovate and enhance consumer choice by 2026.

FinTech Australia has expanded its board with the appointments of Jodi Ross and Jodie Imam, enhancing its leadership amid a strong fintech landscape.

Automised Energy has unveiled an app designed to help Australian households cut energy bills by offering personalised energy plan matches using the CDR.

Modern enterprises must master observability to meet soaring digital demands in the APAC region, blending legacy systems with agile, predictive solutions.

FinTech Australia announces Intersekt 2024, featuring RBA's digital currency research and fintech innovations from Bendigo Bank, AMP Bank, and NAB in Melbourne.

Australia's Senate has passed the Action Initiation Bill, empowering consumers to share data and initiate service actions through accredited providers, boosting competition.

FinTech Australia appoints former Meta exec Katie Wilson as its new Head of Policy, aiming to bolster industry relations and shape key fintech regulations.

The fourth edition of FinTech Australia's Open Banking Ecosystem Map shows a 165% rise in Consumer Data Right adoption, supported by Mastercard.

Australia’s fintech sector, powered by innovation, technology, and government backing, has surged from AUD $250 million in 2015 to AUD $45 billion in 2023.