Data

The final report into the Inquiry into Future Directions for the Consumer Data Right has recommended third parties should be given “action initiation”.

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Advice licensees have come to a consensus on the need for a centralised data source for the industry that would allow practices to operate flexibly while being adequately and easily monitored for compliance purposes by their dealer group, according to a new report.

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The opening up of data under the open banking regime will generate a more competitive landscape for fintechs and growth opportunities for software-as-a-service vendors, according to Lakeba.

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The fund administrator’s board has signalled the named price for an acquisition offer from a US tech company is not high enough, failing to present “compelling value” for its shareholders.

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DTCC, market infrastructure for financial services, has acquired Publicis Sapient’s platform for compliance management reporting, signalling plans to merge it with its offering.

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