Customer Data Sharing Frameworks: Twelve Lessons for the World

The growth of open banking and open finance regimes is driving policymakers to empower customers to take control of their data through innovative data sharing frameworks. This book explores the concept of economy-wide customer data sharing (CDS) frameworks, analyzes the challenges, and provides valuable insights on customer trust, information security, consumer protection, and participant regulation. It offers twelve lessons for policymakers and is a must-read for anyone interested in the law and policy related to customer data sharing.

Format: Hardback
Length: 118 pages
Publication date: 15 February 2024
Publisher: Taylor & Francis Ltd

The global surge in open banking and open finance regimes signifies a growing emphasis among policymakers on empowering customers to gain control over their data through innovative data sharing frameworks. While these frameworks primarily operate within a single sector, such as financial services, they have the potential to expand to other sectors of the economy in the future and eventually become a universal practice.

This book explores the concept of economy-wide customer data sharing (CDS) frameworks, delving into their development, challenges, and lessons learned from Australia's pioneering cross-sectoral Consumer Data Right regime. It presents a comprehensive taxonomy of CDS frameworks and offers valuable insights on critical issues such as customer trust, information security, consumer protection, and participant regulation.

Apart from its scholarly significance, this study holds practical value. It offers twelve lessons that can guide governmental officials and policymakers in establishing and revising data sharing frameworks across the globe. It is a must-read for anyone interested in or involved in the law and policy related to the sharing of a valuable resource in the modern economy: customer data.

Weight: 254g
Dimension: 222 x 144 x 13 (mm)
ISBN-13: 9781032538983