Data Holder Solutions for Banks
Data Holder Solutions for Banks
As CDR legislation and data standards continuously evolve in the Banking sector, a significant and ongoing compliance burden is placed on mandatory Data Holders.
Failure to comply with CDR legislation and standards could lead to enforcement actions and fines from the Australian Competition and Consumer Commission (ACCC). With the introduction of action initiation in future CDR legislation, the requirements are likely to increase for Data Holders.
Maintaining an internal solution requires specialised knowledge, ongoing technical resources, and significant time and money.
Cuscal offers a complete Data Holder solution, backed by years of experience, expertise and a solid commitment to maintaining pace with legislation.
This gives you the freedom to focus on your core business, while maintaining your competitive edge.
Cuscal has regulatory expertise and industry relationships to help you with your compliance obligations.
Related Info
Key Takeaways
- Cuscal provides a holistic Data Holder solution to help ADIs meet their open banking compliance obligations.
- Our robust, secure solution is live and currently supporting multiple ADIs.
- Cuscal assists you with your compliance obligations, so you can focus on what you do best.
Additional Information
Cuscal’s comprehensive and robust technology supports the flow of both Product Reference Data and Consumer Data in line with the Consumer Data Right rules.
Product highlights:
- White labelled – for a consistent brand experience.
- User friendly interface – for both you and your customers.
- End-to-end consent management – from the authorisation flow to the consumer dashboard.
- Flexible options – tailored to your unique business needs.
- Security – we go beyond the standard CDR security requirements.
Perform production verification testing, identify issues and debug code with myCDRdata Pro, Cuscal’s leading Data Holder testing platform.
Product highlights:
- Independent testing with a Live, accredited data recipient.
- No integration required.
- Data Holder system agnostic; works for anyone.
- Deep insights into API health, behaviour and quality.
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Data Holder Solutions for Banks
Cuscal offers Data Holder solutions for Authorised Deposit-taking Institutions (ADIs) to help them meet their compliance obligations.
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Data Holder Solutions for Non-bank Lenders
Cuscal offers Data Holder solutions for non-bank lenders to help them meet their compliance obligations.
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Data Holder Solutions for Other Sectors
As the Consumer Data Right (CDR) expands across other sectors, Cuscal will explore how we could offer Data Holder solutions for these new sectors.
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Accredited Data Recipient Solutions
Unlock growth opportunities with engaging Consumer Data Right (CDR) enabled experiences powered by customer data with Basiq, a Cuscal Group company.
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Simply send us a message if you would like more information about Cuscal.
We’ll get back to you as soon as we can.
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