Start-up Biza.io appoints CDR expert Rob Hale as Chief Technology Officer

Rob Hale, Chief Technology Officer at Biza.io

Biza.io, the Aussie Consumer Data Right (CDR) solutions firm, has hired Rob Hale as its Chief Technology Officer. Hale has participated in the CDR since the 2017 Treasury Review into Open Banking and is a member of the Data Standards Banking Advisory Committee.

What is the market offering of Biza.io?

Founded in 2018, the Brisbane-based Biza.io helps banks, financial institutions, energy retailers and data economy participants navigate the highly regulated CDR ecosystem, and comply and innovate within the Australian data sharing landscape. In August this year, Biza.io announced it raised $7.5m in a Series A round led by OIF Ventures and Jelix Ventures

In just five years, Biza.io has grown from a garage start-up of one to a team of 20 in October 2022, with 700% team growth since January 2021. Biza.io plans to have more than 50 specialists by the end of financial year 2023. Biza.io’s dedication to supporting its customers to enter the CDR has led to 550% customer growth in the past 18 months. 

To date, Biza.io has assisted in the verification of over 50% of all active data holders with over 18 million consumers having data sharing access enabled by Biza tech. It’s working with some of the major energy companies to achieve compliance by the mandated deadline of November 2022. The CDR continues to expand as part of the government’s digital strategy.

In August, Treasury advsed the CDR be extended beyond banking, energy and telecom to include the non-bank lending. It is seeking comments on draft legislation to establish a framework for action initiation to allow third parties to handle actions on behalf of consumers with their consent – a capability the industry has been calling for since the debut of the CDR.

What were the executives’ thoughts on the appointment?

Stuart Low, Founder and Chief Executive Officer at Biza.io

Stuart Low, Founder and CEO at Biza.io said: “We’re excited to have Rob join the Biza.io team. Rob is one of the foremost CDR experts and his depth of experience will be invaluable to Biza.io’s technology strategy as we scale to meet the demand for CDR enabled solutions.”

Rob Hale, CTO at Biza.io said: “I’m delighted join the Biza.io team as we enter an exciting time for the CDR. Having worked with Biza.io extensively in the past, I’ve been incredibly impressed by the team’s expertise and innovative approach to solving CDR compliance.”

“In my new role as CTO, I look forward to supporting the further expansion of the CDR across multiple sectors like Banking, Energy and Telco alongside the talented Biza.io team.”