There’s a huge difference between having something explained to you and seeing it in action – CDR data is no different. That’s why Adatree built the ‘test-drive your CDR data’ feature into the Adatree Developer Portal. CDR Test Drive allows anyone – developers, product designers and business leaders – to consent to and connect their own CDR data and call specific CDR APIs for a first-hand experience of their CDR data and metadata. For companies interested in accessing CDR Data this can help them experience their own data payload and understand how Adatree’s Data Recipient Platform simplifies companies connecting to the CDR.
As of February 25, 2021, Adatree is officially accredited as an Accredited Data Recipient (ADR) by the ACCC. Adatree is the first startup to be accredited, the first company accredited with a female CEO, and the first purely CDR-focused technology provider.
Adatree is a Consumer Data Right technology provider of turnkey solutions to access and leverage CDR data, working with other companies to accelerate their own journey as an Accredited Data Recipient.
You want to build data-driven customer propositions, so how do you source that data? Historically it has been through screen scraping, but the introduction of the Consumer Data Right in Australia introduces a more reliable, customer-centric and comprehensive way to share data.
Australian Consumer Data Right platform Adatree has closed their $1.2M Seed funding round, which was nearly three-times oversubscribed.
Investors joining this round are Tyro Payment co-founder Peter Haig and Kerry Roxburgh, the longtime Tyro Chairman and Ramsay Health Care Director and current Chairman of Eclipx.
Open Banking is a financial service where customers can disclose their banking data to third parties of their choosing, giving them the freedom and control over their data. What do these changes really mean to the average person? Or, rather, to someone who is trying to save his or her small business?
Shane Doolan is the Chief Technology Officer of Adatree. We spent some time with Shane this week talking to him about Adatree’s technology and how Adatree fits into the Consumer Data Right ecosystem.
Adatree has released its new Open Banking Data Sandbox so companies can easily see what types of data they can receive through the Consumer Data Right. This demonstrates the easy-to-use Adatree Recipient Platform Banking API and interacts with a static, CDR conformant dataset.
The first phase of Open Banking is coming: are you ready?
While CDR enables accredited entities to receive and leverage CDR data on behalf of consumers, this doesn’t necessarily work for all companies.