Open Banking Restricted (OBL), which oversees the UK’s roll-out of the data-sharing initiative, has appointed Claudio Pollack to its board as an impartial non-executive director.
Pollack has important regulatory, competitors and client coverage experience.
His appointment is hoped to strengthen the organisation because the Open Banking Implementation Entity continues to arrange for transition from its present type to a brand new organisation to be decided by the Joint Regulatory Oversight Committee.
His earlier positions embody greater than a decade at Ofcom, the UK’s telecoms regulator, in addition to being part of the crew at various telecommunications supplier Cable and Wi-fi, which led efforts to make sure obstacles to competitors and innovation within the sector have been tackled.
He’s at the moment chair of the One Contact Switching Firm and advising on coverage and advocacy in regulated industries via Abberton Consulting.
His purchasers have included the Cost Methods Regulator and Monetary Conduct Authority.
“I’m delighted to welcome Claudio. His appreciable expertise can be invaluable to the Board as we navigate the longer term improvement of open banking within the UK, and transition to a Future Entity,” OBL chair Marion King stated, commenting on his appointment.
Pollack added: “My profession up to now has been targeted on working to make sure that regulated markets ship on their meant outcomes for shoppers and companies. I’m subsequently delighted to be becoming a member of OBL at such a pivotal time, the place constructing on the momentum achieved up to now can be important to open banking’s future success.”