What information does Consumer Data Right (CDR) provide?
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Key Takeaways:
Having access to this detailed information through Open Banking data allows you to conduct thorough assessments and provide exceptional service to your clients. |
As a Trusted Adviser (Financial Adviser or Mortgage Broker) using Frollo, it's essential to understand the comprehensive range of data available through the Consumer Data Right (CDR) with your client's explicit Consent. Here's a breakdown of the types of data you can access:
Account Information:
- Name of the account
- Type of the account
- Account balance
- Account numbers
- Interest rates
- Fees
- Discounts
- Account terms
- Account mail address
Transaction Details:
- Incoming and outgoing transactions
- Transaction amounts
- Transaction dates
- Descriptions of transactions
- Details of who you have sent money to and received money from (e.g., their name, Bank State Branch (BSB), account number)
Contact Details:
- Name
- Occupation
- Phone number
- Email address
- Mail address
- Residential address
Direct Debits:
- Information about direct debit authorisations
Scheduled Payments:
- Information about scheduled, outgoing payments
Payees:
- Names and details of saved payee accounts
For more information review our CDR Policies:
If you used the Open Banking solution where Frollo Australia Pty Ltd (Frollo) was the Accredited Data Recipient (ADR) refer to the Frollo CDR Policy.
If you used the Open Banking solution where NextGen.Net Pty Ltd (NextGen) was the Accredited Data Recipient (ADR) refer to the NextGen CDR Policy.