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What we can do once the banks give us back our data

  • Written by Rob Nicholls, Senior lecturer in Business Law, UNSW

Macquarie Bank has started a trial, giving customers access to the data the bank has collected on them. These might include the number and types of account held, average balances, regular payments and income and credit score information. This information helps to determine both the need for products and the risk of a customer.

This idea is called...