QBANK is a registered Data Holder under the Consumer Data Right (CDR). We currently comply with the requirement to provide product data to accredited recipients. We are also committed to complying with the CDR Rules as they relate to consumer data requests.
The CDR allows consumers (in this case, our Members) to request data holders (QBANK) to provide their data to accredited entities. The option to request the sharing of consumer data came into effect on 1 July 2021.
There is significant technical complexity involved in this initiative and we are working closely with our 3rd party providers to meet our CDR obligations. We have some outstanding requirements in order for us to be satisfied that the disclosure of any Member data is managed safely and securely and as authorised by you, the Member. These requirements must be met before we proceed. We aim to have resolved the outstanding issues by 1 November 2021 and will provide further updates on this page as the project continues.
Further updates to follow.