Big Four tech shops scramble as Consumer Data Right finally clears Senate unmolested

A degree of strategic investment certainty has returned to Australia’s multi-billion dollar banking and financial technology sector, after crucial Consumer Data Right (CDR) legislation finally cleared the Senate late Thursday, cementing in a February commencement date for the big shake up.

A personal crusade of Prime Minister Scott Morrison, the clearance of API-powered competition reforms is certain to trigger a race between competing institutions to get their…

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