Consumer Data Right accreditation open to fintechs and banks

The ACCC has launched the Consumer Data Right Register and Accreditation Application Platform (RAAP) and the Consumer Data Right Participant Portal to enable businesses to apply to become Accredited Data Recipients.

The RAAP has two main functions: to create a trusted data environment where encrypted data is only shared between approved participants; and to provide a portal where businesses can apply to be accredited.

The ACCC has also published the Consumer Data Right Accreditation Guidelines to assist applicants with the accreditation process.

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David Jacobson

Author: David Jacobson
Principal, Bright Corporate Law
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About David Jacobson
The information contained in this article is not legal advice. It is not to be relied upon as a full statement of the law. You should seek professional advice for your specific needs and circumstances before acting or relying on any of the content.

 

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