CDR access for wealth brand customers

Question

The article Guidance for data holders - CDR product and eligible consumers discusses how to determine if a product is in scope for CDR. It offers guidance that consumers should be allowed access, via primary digital channels, for banking products in scope for CDR. 

Data holders may have separate banking and wealth brands. Wealth customers may be able to access some products through the primary banking channel for the banking brand.

Can data holders use their primary retail or business digital banking channels to offer CDR access for consumers holding in-scope products offered through their wealth brands?

Answer

Yes, data holders can use their primary retail or business digital banking channels to enable CDR for consumers holding in-scope products offered through their wealth brands. 

The DSB recommends managing brands in the way most likely to make sense for the customer.

For more discussion of scenarios involving multiple brands, refer to the White Label Conventions noting paper.

See:

• Guidance for data holders - CDR product and eligible consumers
• White Label Conventions noting paper