This report identifies ‘Open Finance’ as the next priority area to expand Consumer Data Rights (CDR). Open Finance will bring targeted datasets from across general insurance, superannuation, merchant acquiring and non-bank lending service providers into the CDR.

Introducing data from these sectors will build on the momentum of Open Banking with consumers benefitting from greater control over every part of their financial lives, including their savings, loans, assets, superannuation and financial planning. The government will also consider where complementary government-held datasets can be brought into the CDR ecosystem to support Open Finance.