The Australian Consumer Data Right (CDR) is about giving you more control over your data. The data sharing happens electronically and automatically between eligible and accredited parties you have approved through a type of software called an API (application programming interface). APIs help different computers or programs connect and share information.
The CDR was launched by the Australian Competition and Consumer Commission (ACCC) in July 2020 following recommendations made as part of the Royal Commission into the banking, superannuation and financial services industry. Banks are one of the first institutions required to implement CDR. The ACCC looks after who gets accredited and ensures the rules they enforce are followed.
Team Thrive Pty Ltd (Thriday) is an authorised representative (No.1297601) of Regional Australia Bank Ltd ABN 21 087 650 360 AFSL 241167 (Regional Australia Bank). Regional Australia Bank is the issuer of the transaction account and Visa debit card.
For the purposes of the CDR regime, Thriday participates under Regional Australia Bank. Thriday only participates in the CDR regime as a "data holder" and not as a "data recipient".
You can update your data sharing settings by opening Thriday and selecting Settings. Select Data Sharing, follow the prompts and consent to view or manage your data through CDR.
To read more about the CDR policy and how to safely access and manage your data, see the Regional Australia Bank CDR policy found on Regional Australia Bank's website.
If you’re interested in CDR, you can learn more about it through the Australian Government.