Perry was most recently Asia Pacific Chief Technical Officer at identity security leader Ping Identity and has a long career working with enterprise software vendors servicing the ASX 200.
Biza.io helps banks and financial institutions navigate the highly regulated financial services industry, and comply and innovate within the Australian open banking landscape.
“Biza.io is experiencing rapid growth as organisations grapple with an imminent CDR compliance deadline,” said founder and CEO Stuart Low. “Mark’s experience in CDR, including his two-year term as a member of the government’s Data Standards Body, made him the obvious choice to consult with our expanding customer base. His experience advising Australia’s largest companies will give Biza.io customers confidence as they navigate their journeys to CDR compliance and beyond.”
Australia’s new CDR allows consumers to share their data between providers, using automated data technology. By participating in the open banking system, customers can benefit from greater control over their banking data, with faster and more convenient access to financial services.
The new hire comes at a time of growth for the two-year-old Brisbane based fintech startup. The success of a recent project with its first client, Regional Australia Bank, which achieved CDR production status in just three months, was followed by a number of new client wins.
“I’m excited to join the Biza team at this critical time for the financial services industry,” said Perry. “The CDR is poised to have a major impact on digital commerce in Australia. Stuart and his team have built technology that makes it easy for organisations to meet their obligations while establishing a platform for the next generation of consumer services.
“The ACCC has said it won’t be granting any more extensions for CDR compliance. Non-compliance is a risky move reputationally, and consumers won’t be cutting banks much slack. For this reason, we’re expecting a very busy few months ahead.”
On 26 November 2017, the Australian Government introduced Consumer Data Rights in Australia. CDR was designed to give consumers greater access to and control over their data, to improve consumers’ ability to compare and switch between products and services more easily.
The CDR gives Australians the right to access not just all their financial data but also their utility, telecoms data and more, over a series of phases in the coming years.
Consumer Data Rights form the core difference between open banking in Australia and other international markets, developed as a local government top-down policy-led approach.