WeMoney is an accredited and active member of the Australian Consumer Data Right Scheme, enabling direct connections with financial institutions.
The Consumer Data Right is an opt-in service giving consumers control over data sharing with full visibility of recipients and purpose. Data transfers use secure automated technology.
WeMoney was accredited in February 2022 and became an unrestricted ADR, officially launching with CDR in July 2022. The company is transitioning to solely relying on CDR-based connections for data aggregation.
Open Banking is strictly regulated by the Australian Government with consumer consent controls.