Frollo and RSM Australia publish ‘A Practical Guide to Tiered Accreditation’ in Open Banking
As the Consumer Data Right entered its second year, Treasury published its highly anticipated proposed v3 rules amendments. It includes what has come to be known as tiered accreditation – new models to access CDR data in addition to the existing unrestricted Accredited Data Recipient model.
These rules are meant to drive adoption by creating a thriving ecosystem of CDR participants, delivering valuable use cases to consumers and businesses. They offer lower barriers to entry, limited access models and ways to share liability and responsibilities between participants.
The proposed models include:
- Trusted Advisor
- Sponsorship model
- CDR insights
- Representative model
- Collecting Outsourced Service Providers (COSP)
With 5 new models to get access to CDR data (plus the existing one) it can be difficult to figure out what’s right for you.
Which CDR access model is right for your business?
Frollo and RSM Australia have collaborated to create a practical guide to tiered accreditation.
Including:
- Timeline for implementation
- CDR access model cheat sheet
- Helping you choose, the effort per model and your next steps
- A detailed look at each of the models
The guide can be downloaded for free here: https://frollo.com.au/open-banking/practical-guide-tiered-accreditation
