Sunday, September 8, 2024
16.7 C
New York

OBL director Alan Ainsworth departs after six-year tenure

  • Alan Ainsworth has concluded his six-year tenure at the UK’s Open Banking Ltd (OBL).
  • OBL, formerly the Open Banking Implementation Entity (OBIE), was launched in 2018 to promote open banking capabilities among UK banks and customers.
  • Ainsworth, who initially served as Head of Policy and later as Strategy, Standards, and Policy Director, played a key role in the development and implementation of open banking-enabling APIs, governance structures, and data standards.
  • During his tenure, Ainsworth highlighted achievements such as the development of standards for app-to-app authentication, refunds, variable recurring payments, and user experience (UX) guidelines.
  • He also noted the success of the team’s work on the Strategic Working Group report and increasing the number of people and businesses benefiting from open banking services.
  • Ainsworth has started a new role as an “international open finance advisor,” serving as Managing Director of Onniva Ltd.
  • The OBL has appointed Richard Koch, the current Senior Policy Lead, as interim Director of Strategy, Policy, and Standards while engaging with the executive search firm Michael Page to fill the position permanently.

Hot this week

Banking as a Service: Meaning, Examples, Benefits and Future

The push for open banking has led to a...

What is Fintech?

Fintech: A term used to refer to innovations in...

Best fintech blogs and websites

Fintech (financial technology) has been an interesting part of...

How to buy shares online

Buying shares online in India has come a long...

Is it worth investing in life insurance over 60?

Is it worth investing in life insurance over 60? As...

Lloyds Bank taps Cleareye.ai to streamline trade finance documentation processing

Lloyds Bank has partnered with Cleareye.ai, a California-based...

Home equity fintech Unlock bags $30m Series B funding

Unlock Technologies, a US fintech founded in 2019,...

Visa prepares for 2025 launch of Visa A2A in UK

Visa A2A will launch in the UK in...

Alternative investment platform CAIS hires Kan Kotecha as CTO

Kan Kotecha has been appointed as CTO to...

Axway completes €330m acquisition of Sopra Banking Software

Deal Overview: Axway acquired SBS from Sopra Steria...

EU financial services analytics maturity report

Current State of Analytics: Evaluates the existing analytics...

Related Articles

Popular Categories

spot_imgspot_img