The architect of Australia’s consumer data right is calling for patience with the four-year-old scheme and teased additional future benefits after banks on Wednesday warned almost no one was using it as their compliance costs hit $1.5 billion. Lawyer Scott Farrell, who designed the data sharing scheme for the Morrison government in 2017, backed FinTechs…

The post CDR architect says hold the course as banks blast scheme appeared first on InnovationAus.com.

This post was originally published on InnovationAus.com.