Bryan Zhang has been appointed as chair of a brand new strategic working group aimed toward growing and inspiring uptake of open banking within the UK.
Zhang is co-founder and govt director of the Cambridge Centre for Different Finance on the College of Cambridge Choose Enterprise Faculty.
He was employed after a recruitment course of led by the Monetary Conduct Authority (FCA) and the Fee Programs Regulator (PSR), the 2 regulatory our bodies which act as co-chairs of the Joint Regulatory Oversight Committee.
In his new function, Zhang will likely be accountable for deciding on and appointing different members of the strategic working group; arranging and facilitating these conferences; collating stakeholders’ views in response to the committee’s questions; and offering common updates to the committee. He’ll report on to the FCA and PSR.
The FCA and the PSR have requested the Open Banking Implementation Entity (OBIE) to offer administrative help in onboarding Zhang, in addition to ongoing secretariat help.
Sheldon Mills, govt director, customers and competitors, of the FCA, and Chris Hemsley, managing director of the PSR, the co-chairs of the committee, stated: “We’re excited to nominate Bryan to steer the strategic working group and sit up for working with him and key stakeholders to assist outline the imaginative and prescient and strategic roadmap for additional growing open banking.”
The working group is a non-decision-making consultative discussion board for the committee to have interaction with business and different stakeholders.
It is going to function from August 2022 till December 2022, and goals to offer a strategic roadmap for additional growing open banking.
Learn extra: UK leads open banking surge throughout Europe