What is a Data Holder and an Accredited Data Recipient?
There are two main types of businesses in theCDR system: Data Holders and Accredited Data Recipients (ADR).
A Data Holder is a business that currently holds a consumers’ data – for example, a bank. Consumers can direct registered Data Holders to make their data available to an ADR.
An ADR is a business that has been accredited by the Australian Competition and Consumer Commission (ACCC) to receive consumer data from a Data Holder – only after the consumer has given their consent. The ADR then uses that data for the purpose requested. For example, to conduct a product comparison through a mobile app.
NextGen is an ADR under the CDR system. We gained this accreditation by meeting the strict criteria set out by the ACCC.
You can find the list of registered Data Holders on the government’s CDR website: https://www.cdr.gov.au/find-a-provider
What is the Data Holder coverage in Australia?
As of March 2023, there are 114 active data holder brands: https://www.cdr.gov.au/for-providers
Those which are not yet available for Accredited Data Recipients to connect to are mostly banks who have exemptions and will go live at a later date (as mandated by the Australian Government).
99.28% of consumer data is covered by the Consumer Data Right.
For the banking sector, a Data Holder includes a person who is an Authorised Deposit-taking Institution (ADI).
Data Holder (ADI) API reliability is near 100%*; the industry average response time is about 1 second.
*Performance data based on 41+ million Open Banking API calls made through the Frollo CDR gateway as of September 2022.