THE NZ GOVERNMENTS‘CONSUMER DATA RIGHT’ FRAMEWORK 2021

6TH July 2021 David Clark Commerce Affairs Minister announced to the House “the government has agreed to establish a ‘Consumer Right Data’ Framework (CDR) which is otherwise known as ‘Open Banking’. That consumers would be in the drivers seat controlling their own personal information (data) that is also shared with third parties.

WHAT DOES THIS REALLY MEAN? What are the risks compared to the benefits and who is controlling the show?

Full information is documented in my research blog on my website https://wakeupnz.org
Carol Sakey