Consumer Data Right: Will Fortune Favour the Brave?
Don’t miss out on this thought-provoking panel conversation on the future of Australia’s Consumer Data Right (CDR). As the CDR stands at a critical fork in the road, with one direction calling for steady improvements and the other demanding greater industry participation, we ask: will fortune favour the brave?
Join us as we delve deeper into the world of Consumer Data Right (CDR) and Open Banking through exploration of the history, current challenges, future potential of the CDR, and how it can empower consumers to take control of their data and drive innovation in key industries.
Our expert panel will discuss the challenges in adoption which have hindered progress. We will explore the quality of data provided by Data Holders and the regulator, the ACCC, and whether stronger penalties are needed to enforce higher standards. We will also discuss the potential of Action Initiation as a game changer that would allow third parties to act on behalf of consumers to complete functional tasks, and how cyber security and data breach risks are a genuine concern that needs to be addressed.
With the government investing $88.8m into the program to address concerns, the potential for disruption is enormous. It’s up to all of us – government, regulators, and industry players – to ensure that consumers benefit from this exciting new era of data-driven innovation.
Don’t miss your chance to be part of this important conversation. Register now and be part of the solution.