New banking, energy and telco data services promised

The federal government is looking for developers to propose innovative services in the financial, energy and telecommunication sectors to give consumers better information and choice of providers off the back of a $111 million expansion of the consumer data right (CDR).

The expansion is part of a plan to extend CDR across the economy. Digital Economy Minister Jane Hume told The Australian Financial Review “imagination is the limit” for using the data from these services to provide innovative consumer services.