Financial regulation expert Ruth Evans joins OpenPayd as board advisor

Source: OpenPayd

OpenPayd, the API-led Banking-as-a-Service provider, today announces the appointment of Ruth Evans as Advisor to the Board.

Ruth brings with her a forty-year track record and significant board-level experience of representing the public and consumer interest across a wide range of industries in particular financial services.

Ruth is also Chair of Stop Scams UK, an industry led collaboration supported by the FCA and OFCOM, which aims to reduce the 3.8 million instances of fraud affecting individual consumers every year in the UK. Prior to her role at Stop Scams UK, she chaired a forum of banks and consumers that delivered the APP banking code (May 2019) which reimburses victims of Authorised Push Payment scams. Before that she chaired the IPSA (Independent Parliamentary Standards Authority) that provided independent regulation of MPs’ business costs, pay and pensions in the wake of the expenses scandal.

Ruth was chair of Chair of the Payments Strategy Forum where she helped deliver an operational blueprint for a new payments architecture in the UK. She also held several commercial Non-Executive Director roles at the Serious Fraud Office, CPP Group UK, Nationwide Building Society and LV.

Ruth’s extensive expertise will support OpenPayd’s growth with particular focus on its commitment to strong corporate governance and culture as it continues to offer its enterprise banking and payment solutions in new markets.

“As the banking and payment industry rapidly evolves to accommodate the changing technology landscape, staying ahead of any regulatory and governance requirements is imperative” said Iana Dimitrova, CEO of OpenPayd. “We’re delighted to welcome Ruth onboard and benefit from her expertise and guidance on best practices.”

“With OpenPayd continuing to expand its business, it’s an exciting time to be working alongside the Board of Directors,” said Ruth Evans, Advisor at OpenPayd. “I look forward to bringing my experience from the banking and regulatory sectors to support OpenPayd’s next phase of growth.”

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