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The Australian Banking Association ("ABA") recently released the findings of a strategic review undertaken by Accenture into the roll-out of Australia’s Consumer Data Right (CDR) regime. No doubt it has stimulated some debate/discussion.
It's an interesting read with a message of note from the ABA being “It’s time to go back to the drawing board.” I do hope we (NZ) take on board, where relevant, the learnings from both Australia and other jurisdictions as we advance our own CRD/Open banking initiatives. To that end, there is a very interesting page #32 (shown below), which shows a jurisdictional comparison across markets, including Singapore, India and Brazil who have relatively high adoption rates.
Image source: Australian Banking Association, Consumer Data Right Strategic Review.
You can review ABA's strategic review here.
The Australian Banking Association ("ABA") recently released the findings of a strategic review undertaken by Accenture into the roll-out of Australia’s Consumer Data Right (CDR) regime. No doubt it has stimulated some debate/discussion.
It's an interesting read with a message of note from the ABA being “It’s time to go back to the drawing board.” I do hope we (NZ) take on board, where relevant, the learnings from both Australia and other jurisdictions as we advance our own CRD/Open banking initiatives. To that end, there is a very interesting page #32 (shown below), which shows a jurisdictional comparison across markets, including Singapore, India and Brazil who have relatively high adoption rates.
