CONSUMER DATA RIGHT FRAMEWORK TO BE ESTABLISHED

摘要

The Government has agreed to establish a consumer data right framework for New Zealand, Commerce and Consumer Affairs Minister David Clark says.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.A statement from the Minister says this means New Zealanders gain access to a wider range of products and services that better meet their needs.Clark says consumers should be in the driver's seat when it comes to how their personal information is used by third parties.