Consumer data right
Get the most out of your home loan, safely
Stryd allows you to share your home loan information safely with your broker so they can ensure you are always provided with the most competitive interest rate.
What CDR means for home owners
Take charge of your financial future with a mortgage that works harder for you.
Lower interest & repayments
With CDR, your broker can monitor your mortgage in real time, ensuring you have access to the most competitive rates available. This means potential savings on interest costs and lower monthly repayments, giving you greater financial flexibility.
Enhanced security & control
Current methods like emailing screenshots and financial records can be risky. With CDR, your loan data is protected by strict security measures, and you remain in control. You can revoke access at any time, ensuring your privacy is safeguarded.
Real-time insights & opportunities
By allowing CDR access, your broker has up-to-date information on your loan, allowing them to spot better refinancing options as they arise—without needing manual reminders or updates from you.
Easy setup & minimal effort
Setting up CDR access is quick and simple, requiring just a few clicks to connect. Once done, you won’t have to repeatedly share your financial data—Stryd securely manages it all in the background, so you enjoy the benefits without any additional work.
Revoke consent any time
You get to choose the amount of time that your data is shared for and you can revoke access to your information any time.
Control. Choice. Safety.
The Consumer Data Right (CDR) is an Australian Government initiative that empowers consumers to access and share their data with accredited third parties to secure better deals on products and services. This opt-in service enhances choice, control, and convenience for individuals and small businesses.
Currently active in the banking and energy sectors, CDR enables consumers to share data such as account information, transaction history and electricity usage details to find more suitable products or manage finances.
The system prioritises privacy and security, allowing only accredited providers vetted by the Australian Competition and Consumer Commission (ACCC) to participate. Consumers maintain full control over their data, with the ability to authorise access, set sharing durations, and withdraw consent at any time. As CDR expands to more sectors, it aims to drive competition and innovation, resulting in improved, tailored products and services. Overseen by the government, the CDR framework is designed to create a dynamic, consumer-centric economy while ensuring security and efficiency.
For more information visit - www.cdr.gov.au/what-is-cdr
The Consumer Data Right (CDR) is backed by the Australian Government and regulated by trusted agencies to ensure your data is safe and secure. The Australian Competition and Consumer Commission (ACCC) oversees its implementation and enforces strict rules to ensure only accredited providers can access your data. Working alongside the ACCC, the Office of the Australian Information Commissioner (OAIC) ensures that privacy and security are maintained at every step.
This robust framework is designed to protect your personal information and ensure it’s used only with your consent. Accreditation processes are rigorous, ensuring only trustworthy organisations are part of the system.
These measures demonstrate the government’s commitment to safeguarding your privacy and giving you confidence in how your data is managed. You can trust that CDR operates with your best interests at heart, providing both security and transparency.
The Consumer Data Right (CDR) empowers you to securely share your data with accredited providers, enhancing your ability to access tailored products and services.
Initiating this process is straightforward: you start on the provider's website or app, where you'll give consent for them to access your data. Your identity is then verified by your existing provider, typically through a one-time password. Following verification, you'll confirm the specific data you wish to share and can manage or withdraw your consent at any time.
The data transfer occurs seamlessly between providers using secure technology, with the Australian Government overseeing the framework to ensure your information remains protected. This system is designed to be user-friendly, allowing you to benefit from personalised services while maintaining control over your data.
Don’t miss an opportunity to get a more competitive rate
Traditional mortgage review process is limited, often taking place only once or twice a year. This can mean months of overpaying on interest simply because better rates weren’t monitored in real-time. With CDR, your broker gains the ability to review your mortgage daily, helping you avoid missed savings and stay on top of every opportunity.
How it works
Traditional loan review vs. loan review with Stryd & CDR
Traditional loan review
In the past, reviewing your mortgage required you to gather documents like payslips, bank statements, and tax returns, which were then manually reviewed for eligibility with different lenders. This manual process is time-consuming for both you and your broker, and limits how often reviews can occur. As a result, you might miss out on better rates or refinancing options until much later.
Loan review with Stryd & CDR
With Stryd and CDR, the process is automated and streamlined. Once you connect your data, your broker has instant access to the relevant information, allowing for regular monitoring. This means you’ll be informed of competitive rate options as soon as they become available, without needing to provide documents repeatedly.
What is Stryd?
Stryd is the secure platform your broker uses to access CDR data on your behalf. By connecting your mortgage data through Stryd, you allow your broker to track your loan rate, identify new refinancing options, and keep you informed—all while maintaining complete privacy and control over your information.
Stryd ensures your broker has the tools to serve you proactively, giving you confidence that your mortgage is always optimised.
Your Privacy
Designed with security and control in mind
CDR is built to prioritise your security, allowing only authorised brokers to access your data through Stryd.
Think of it as a more secure, streamlined version of the data you’d typically share, now accessible without emails or repeated document submissions. You are always in control and can revoke access to your data at any time, ensuring your privacy is respected.
How to get started with CDR and Stryd
Ask your broker
if they use Stryd to securely monitor loan rates and access CDR data.
Request connection
to securely link your loan data through Stryd.
Complete consent process
in just a few clicks, allowing your broker to monitor your mortgage for the best rates available.