What is a Data Sharing Arrangement?
When you give an accredited provider permission to access your data held with your bank (e.g. Newcastle Permanent), a Data Sharing Arrangement is created between:
- The bank who holds the data (e.g. Newcastle Permanent),
- The accredited third-party who will receive the data, and
- The customer who owns the data and is approving for it to be shared.
If you are an eligible CDR customer you will be able to select eligible accounts for sharing. The details of the Data Sharing Arrangement will be displayed, including; the accounts, requested data and data sharing period.
By selecting “I confirm”, you are agreeing to share your Newcastle Permanent data with the accredited organisation.
Once the new Data Sharing Arrangement is established you will be re-directed back to the accredited organisation, who will now be receiving your data.