The tools, built in collaboration with Middleware New Zealand, go under the name ForgeRock Consumer Data Right Open Banking Accelerators and are claimed to ensure the APIs used by financial bodies prioritise customer authorisation when sharing data with other providers.
In a statement, ForgeRock said it had designed the accelerators to help address the complex CDR guidelines set down by the Australian Competition and Consumer Commission.
“Given the complexity of CDR standards, and with deadlines for compliance quickly approaching, it’s imperative that financial service providers have solutions in place quickly so they can build new services and revenue streams,” said James Ross, regional vice-president, ForgeRock ANZ.
The accelerators are claimed to provide resources for financial service firms to work towards compliance, saving time and development costs by providing "plug in and go" systems and even a "mock bank" that replicates real-world experiences to test against.
"We are long-term, strategic alliance partners with ForgeRock and have implemented their CDR solutions on behalf of our clients,” said KPMG Australia director Danny Flint.
“They offer a tangible method of accelerating the timelines for compliance with CDR, as well as the opportunity to save costs.”