Biza.io has launched openfeed, a data feed for consumer-consented banking and energy information. It is aimed at organisations that want to use Consumer Data Right data without going through full accreditation themselves.
The Brisbane company says the service provides access to data from more than 100 Australian banks and energy providers through a single API and consumer consent flow. Organisations can connect within hours instead of spending months on separate technical integrations and compliance work.
Openfeed is built around Australia's Consumer Data Right framework, introduced to give consumers safe, consent-based access to information held by banks and other service providers. In practice, adoption has been slowed by accreditation requirements, integration costs and the need to connect individually with data holders.
Biza.io says its platform handles consent management, revocation and compliance through what it describes as onward disclosure consent. Under that model, consumers connect their accounts once, then share that consented data with selected apps while retaining the ability to switch access off.
The service is free for consumers and does not require them to hand over passwords. For businesses, pricing starts at 10 cents per consumer per month.
Market gap
The launch reflects a broader effort across Australia's fintech and energy technology sectors to reduce reliance on screen-scraping and document sharing, both of which remain common despite the rollout of the Consumer Data Right. Those methods are often used because they are simpler to implement than regulated data-sharing arrangements, even though they can raise security and operational concerns.
Biza.io is positioning openfeed as a way for companies to access customer-approved data under regulation without building their own accredited Consumer Data Right infrastructure. The service is based on the existing regulatory model and is intended to fit within current settings rather than bypass them.
The business has previously focused on supplying software and services to data holders in the Consumer Data Right system. Its team has worked on more than 30 live data holder implementations, giving it direct experience with the technical and compliance demands of the regime.
That background matters because Australia's Consumer Data Right market has often been marked by a gap between policy ambition and practical use. While the framework was designed to encourage competition and give consumers more control over their information, many smaller teams have struggled to justify the cost and complexity of joining the system.
Executive view
Stuart Low, Chief Executive Officer and Founder of Biza.io, outlined the company's view of the problem.
"Australia built one of the world's most ambitious consumer data rights legislations, then made it complicated to use. So, most teams kept screen-scraping and document sharing, which carry significant risk.
openfeed is built on the existing CDR model and addresses the growing market need to affordably and quickly move away from screen-scraping and document sharing whilst staying within the current regulatory setting. Once the consented data is shared from openfeed via the API it is then governed under the Privacy Act, ensuring a safe, secure and affordable way to grow the CDR ecosystem.
At the end of the day, we want to deliver the benefits of the CDR to Australian consumers. openfeed allows this to happen faster, cheaper and more efficiently," Low said.
The company argues that the model could widen access to Consumer Data Right data for software developers, lenders, personal finance applications and other services that depend on verified customer information. By reducing the need for direct accreditation and separate integrations with each institution, it is attempting to lower one of the market's main barriers to entry.
Consumers are also central to the design. Users can connect each bank or energy account once, then choose which applications can access that data with a single tap. They retain visibility and control, with the option to revoke access instantly.
The inclusion of energy data alongside banking data also underlines the expanding scope of Australia's open data regime. For businesses working across household budgeting, lending, switching services or energy comparison, combining those data sources through one connection could simplify product design and customer onboarding.
Founded in 2017, Biza.io has focused on open data software for regulated organisations. Its software helps institutions share and ingest customer transaction data with consumer consent under the Consumer Data Right framework.
The launch comes as the Australian market continues to test whether the Consumer Data Right can move beyond regulatory compliance into broader commercial use. Biza.io's pitch is that simpler access, lower costs and centralised consent management may help close that gap.
The service starts at 10 cents per consumer per month. Consumers can use it free of charge and without sharing passwords.