Former Regional Australia Bank (RAB) chief digital officer Rob Hale has joined TrueLayer as the fintech’s Head of Banking.
Hale, a banking technology expert, championed the Consumer Data Right (CDR) at RAB, helping make it the first Australian bank to be both a Data Holder and unrestricted Accredited Data Recipient.
“It’s been great to be involved at the genesis of CDR and help a bank to seize the opportunity in open banking. That is why I’m particularly excited to be joining TrueLayer as we look to the next horizon of the CDR – action initiation and payments,” he said.
“TrueLayer is bringing its global open banking expertise into Australia to help international and local clients access CDR data in the right way. I’ll be devoting my time to supporting banks, fintech firms and others to harness the power of open data to deliver new services for Australian consumers and businesses.”
Open banking promises to be one of the biggest reforms in financial services in Australia in decades and offers a range of opportunities for fintechs, as well as giving power back to consumers on how their banking data is used to help them save money.
TrueLayer achieved an unrestricted Accredited Data Recipient for the CDR in September and launched its global Open Banking Platform in Australia.
TrueLayer ANZ CEO Brenton Charnley said they were delighted to have Hale join the team.
“He is a leading advocate for the CDR and the critical role it is playing in transforming Australian financial services,” he said.
“His knowledge of what it takes for banks to deliver open banking will be invaluable. There is so much opportunity to open up the whole of finance, working with banks and non-banks to deliver innovation in banking, lending and payments.”
TrueLayer is a global open banking platform that makes it easier to build better financial experiences in the UK, Europe and Australia.