Telcos seek clarity about government’s new data access regime
Telecommunications industry body Communications Alliance has asked the government to release details of its plan to legislate a ‘Consumer Data Right’.
Telecommunications industry body Communications Alliance has asked the government to release details of its plan to legislate a ‘Consumer Data Right’.
The government will introduce legislation to create a new Consumer Data Right, which will allow individuals to access data relating to their banking, energy, phone and Internet usage.
Calls for Australia’s biggest banks to open up access to customer data could prove a double-edged sword for the fintech industry and further entrench the dominance of the ‘Big Four’, says ANZ’s general manager of data, Darren Abbruzzese.
Financial institutions that fail to make their APIs available are ‘doomed’, says Visa’s ANZ head of product Rob Walls.
The Productivity Commission’s draft report into Australia’s intellectual property regime has called for a shakeup of the country’s IP laws.