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Hon Dr David Clark
The Government has agreed to establish a consumer data right framework for New Zealand, Commerce and Consumer Affairs Minister David Clark announced today.
“Consumers should be in the driver’s seat when it comes to how their personal information is used by third parties,” David Clark said.
A consumer data right (CDR) is a mechanism that requires data holders, such as banks and electricity retailers, to safely and securely share data with third parties (like fintech companies) following consent from the customer. This means New Zealanders gain access to a wider range of products and services that better meet their needs.
Business Scoop » Govt Agrees To Establish A Consumer Data Right scoop.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from scoop.co.nz Daily Mail and Mail on Sunday newspapers.