An overview of CDR Access models and what they mean for businesses who want to use Open Banking data.
Included in this guide:
- CDR Access model cheat sheet
- Helping you choose
- Each model in detail
The new models explained
On 30 September 2021, Treasury published its highly anticipated v3 rules amendments. It includes what has come to be known as tiered accreditation – new models to access CDR data in addition to the existing unrestricted Accredited Data Recipient model.
These rules are meant to drive adoption by creating a thriving ecosystem of CDR participants, delivering valuable use cases to consumers and businesses. They offer lower barriers to entry, limited access models and ways to share liability and responsibilities between participants.
The different models include:
- Unrestricted ADR (existing)
- Sponsorship model
- Representative model
- Collecting Outsourced Service Providers (COSP)
- Trusted adviser
With 5 new models to get access to CDR data (plus the existing one) it can be difficult to figure out what’s right for you.
Which CDR access model is right for your business?
Frollo and RSM Australia have collaborated to create a practical guide to tiered accreditation.
- Timeline for implementation
- Access model cheat sheet
- Helping you choose, the effort per model and your next steps
- A detailed look at each of the models
With 5 new models to get access to CDR data (plus the existing one) it can be difficult to figure out what’s right for you. Download the guide below to figure out which model is best for your business, and what your next steps are.
Download the guide