Your interactive guide to the Consumer Data Right (CDR) expansion and how it creates new opportunities in **niche and commercial lending**.
The expansion of the **Consumer Data Right (CDR)** into the non-bank lending sector is more than just another regulatory update—it's a significant strategic advantage. As large non-bank lenders (with loan books over $1 billion) are mandated to share product and consumer data, the transparency it creates will streamline your workflow. This change systematically **lowers the comparison effort** required to find and match clients with specialized finance solutions, empowering you to better serve them and confidently meet your **Best Interests Duty** obligations with data-driven insights.
Quickly access and compare niche products using standardized CDR data from compliant aggregators.
Reinforce your Best Interests Duty through transparent, data-driven product matching and comparison.
This timeline highlights the key compliance deadlines that will shape the non-bank lending landscape. **Click on each event** to understand its direct impact on your brokerage.
The CDR rollout isn't just something to watch; it's something to prepare for. Use these three strategies to position your business for long-term success in specialist lending.
Begin researching and identifying fintech platforms and CDR data aggregators. Early integration allows you to efficiently analyse non-bank product data, automate comparisons, and deliver faster, more accurate niche recommendations.
The new transparency will expose clear competitive advantages among non-bank lenders. Proactively review and expand your panel to include specialist providers, positioning your brokerage as the go-to expert for complex commercial or asset finance.
Clearly communicate the benefits of CDR. Explain how their consent to data sharing can unlock better, more tailored lending options. This builds trust and highlights your role as a forward-thinking advisor leveraging technology for their benefit.