Definition
Australia’s Consumer Data Right is a government-regulated opt-in framework enabling consumers to share banking data with accredited third parties via secure APIs — the national open-banking standard.
Key Points
- Governance: Strictly regulated; consumer consent with visibility into recipients and purpose
- ADR accreditation: Required for data recipients; wemoney unrestricted ADR since July 2022
- 2026-10: wemoney Agentic Assess applies lender policies to CDR transaction data — open banking solved data collection; AI agents address assessment bottleneck (2026-10-02-wemoney-agentic-assess-finextra)