Open Banking: TrueLayer Appoints New Head of Banking in Australia

Open banking platform TrueLayer has appointed Rob Hale as its Head of Banking in Australia.

According to a note from TrueLayer, Hale was previously at Regional Australia Bank (RAB) where he was Chief Digital Officer. Hale is said to have aided Regional Australia Bank to become the first Australian bank to achieve the status of both Data Holder and unrestricted Accredited Data Recipient under the CDR [consumer data right].

Hale said it has been great to be involved with CDR since the beginning and 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. 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.

TrueLayer’s CEO of Australia & New Zealand, Brenton Charnley, stated:

“We’ve built a solid foundation in Australia and launched our global Open Banking Platform to deliver amazing open banking-powered customer experiences. We’re delighted that someone of Rob’s calibre has chosen to join us as Head of Banking. He is a leading advocate for the CDR and the critical role it is playing in transforming Australian financial services. 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.”

In September, TrueLayer was approved by the Australian Competition and Consumer Commission (ACCC) as an unrestricted Accredited Data Recipient under the CDR and launched its global Open Banking Platform in Australia.

TrueLayer reports that its open banking platform currently processes more than half of all open banking traffic in the UK, Ireland, and Spain.