Consent management will be a critical function for the successful rollout and uptake of the Consumer Data Right (CDR). In order to meet regulatory obligations, organisations will be required to demonstrate that they have have in place secure and robust consent management capabilities and infrastructure that ensures they can:
- Safely and securely share consumer data;
- Efficiently manage customer consent preferences;
- Maintain customer privacy; and
- Meet the evolving compliance requirements of the CDR.
This is essential to establishing and maintain consumer trust and for realising the objectives of the CDR.
Watch the video for more on the role of consent management in a digital economy.