By Jarrid Ohanessian, GM illion Open Data Solutions

The ACCC has recently published the latest set of feedback on further changes to the Consumer Data Right (CDR) rules which are part of Australia’s emerging open banking system. These changes are aimed at making CDR data more widely available, with lower barriers to entry.

As Australia’s oldest and […]

The first phase of open banking is well and truly live in Australia. With the Consumer Data Right (CDR) introduced in July 2020, consumers can now share their banking data with third party institutions such as other banks, credit unions, fintechs, online lenders and money management apps.

There are obvious benefits for consumers, but open banking […]

The Consumer Data Right will give Australians the ability to choose who they share their financial data with securely, efficiently and with full control.

Accredited lenders, fintechs and other firms can now also give their customers more insights about their spending and saving habits, and will be able to significantly improve assessment times, be more consistent in […]

illion is delighted to announce that both illion Open Data Solutions (ODS) and Credit Simple have been accredited by The Australian Competition and Consumer Commission (ACCC) as data recipients under the Consumer Data Right.

“With more than 100 years’ experience in the Australian and international financial arenas, we are proud to be amongst the first Australian […]