Australia's Consumer Data Right (CDR) gives consumers greater control over their data, including the ability to access their data and authorize third-party access. Launched in July 2020 within the banking sector, it's set to expand across other industries. Tech startups, particularly in fintech and data services, should understand how CDR affects their operations, customer interactions, and the competitive landscape, ensuring they leverage this change to innovate and provide value-added services.
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