The institutions, who have all been Adatree clients since 2021, signed up to be CDR Representatives to ensure streamlined access to CDR Data by using Adatree’s award-winning CDR Platform. This transitions the institutions from making data sharing available to starting to consume the data themselves. The agreement, which operates under the CDR Principal-Representative access model, enables financial institutions to bring their data-driven products to life and access relevant consumer data without having to undergo the process of accreditation. Consumers will be the big winners, benefiting the most from improved banking products that will enable them to make better financial choices. Alex Scriven, Chief Operating Officer at Adatree, says: “We are excited to hold the largest CDR Principal-Representative deal for banks and help them in their journey to find new innovative use cases of Open Banking. “This announcement reinforces Adatree’s positioning as the leaders in compliance and our ability to support any type of enterprise looking to leverage consumer data for any use case.” The financial institutions signed with Adatree include G&C Mutual Bank Limited, BankVic, QBank, Central Murray Credit Union Limited, BankWAW, Auswide Bank, Macarthur Credit Union, Central West Credit Union, Southern Cross Credit Union, Laboratories Credit Union, and Transport Mutual Credit Union.