Appointment follows previous collaboration between FDATA and Moneyhub to define Open Banking standards in the UK and further afield
Directorship complements Seaton’s positions on the TISA Open Savings, Investments and Pensions (OSIP) steering committee and the MaPS’ Pensions Dashboards Programme (PDP) steering group and highlights importance of Open Finance
Moneyhub CEO Samantha Seaton has joined the Financial Data and Technology Association’s (FDATA’s) Global Board as a Non-Executive Director (NED).
As FDATA continues to expand its international reach, the global organisation is completing an initiative to modernise its governance framework; the appointment of four new NEDs is part of this process. Each jurisdiction of operation has appointed a NED from amongst its membership, proposed and selected by the Regional Members Council and Region Director. Samantha will represent the UK and Europe, with Dominique Samson, Vice President, Corporate Affairs at Flinks, representing North America, and two further NEDs representing Australasia and Latin America to be announced shortly.
Samantha will bring her extensive knowledge and experience in introducing Open Finance to the UK to support other nations globally with similar ambitions to the NED role, as well as helping to push the dial further in the UK as we move to an Open Data economy.
Samantha is one of the staunchest defenders of customer ownership of their financial data and one of the loudest advocates for consumer empowerment. Never has this been more important as we move beyond Open Finance towards Open Data. This passion is what drives her into an array of game-changing industry roles: she is one of the ten industry representatives on the Money and Pensions Service’s (MaPS’s) Pensions Dashboard Programme PDP) steering group, and is also on the steering committee for The Investing and Saving Alliance’s (TISA’s) Open Savings, Investment and Pensions programme (OSIP). These perfectly complement her appointment to the FDATA Global Board.
Moneyhub has a long history with FDATA and we’re all delighted to cement this partnership further with Sam’s appointment. Dave Tonge, CTO of Moneyhub, was the first Chair of the FDATA Technology Group. He was also the lead technical representative within the Financial Conduct Authority’s (FCA’s) PSD2 Stakeholder Group, and worked with the Open Banking Implementation Entity to define the standard for UK Banking APIs.
Richard Prior, CEO, FDATA: "As FDATA continues to expand internationally and mature as a members organisation, it is appropriate and essential that the global membership be directly represented and engaged at this level. As well as enhancing transparency around governance, FDATA will greatly benefit from the significant domain expertise brought to this forum by the NED's as FDATA continues to evolve, advocating for a burgeoning, diverse membership; a healthy, ethical and inclusive ecosystem; and the good of the end customer, in its mission to enable delivery of the open data economy. Samantha brings not only extensive expertise from her time at Moneyhub, but from all her directorships and roles focused on bringing Open Data to the fore. She is a passionate advocate for the consumer, and this combined with her deep knowledge makes her well-placed to sit on the board."
Samantha Seaton, CEO of Moneyhub comments: “FDATA and Moneyhub have a long history together and I’m pleased to be able to offer my expertise to the board going forward and support FDATA in its next phase of growth."
"The opportunity for Open Finance to benefit both the consumer and industry is immense but it is only with the hard work of organisations such as FDATA that we can unlock the full potential. There are key initiatives such as variable recurring payments (VRP) that are in-flight now, and looking beyond that, we can see many more opportunities as the Open Data economy grows, both in the UK and internationally."
Moneyhub Contacts
Ingrid Anusic
Marketing Director, Moneyhub
ingrid.anusic@moneyhub.com
M: +44 783 722 6553
About Moneyhub
Moneyhub is a global ISO 27001 certified software developer of Open Banking, Open Finance, and Open Data applications. Its FCA-regulated Open Data platform enables companies to quickly and easily transform data into personalised digital experiences and initiate payments. Its APIs and fully customisable platform provide data aggregation, insights, notification nudges, and payment systems. As a result, clients have the consent-driven data and analytics they need to create super-personalised offers, products, and services. Hundreds of organisations, spanning finance to media and retail, rely on Moneyhub’s award-winning technology.
For more details, please visit www.moneyhub.com
About FDATA
The Financial Data and Technology Association (FDATA) is the world's largest not-for-profit trade association representing Fintechs operating in Open Banking, and more broadly, Open Finance. In leading the campaign for Open Finance, FDATA works with government, policymakers, regulatory authorities and industry to implement a fair and ethical market landscape promoting healthy competition, innovation, and improved customer outcomes. FDATA advocates for the adoption of a customer data right as the foundation to building a competitive financial services ecosystem, establishing operations where markets signal an appetite and ambition for Open Banking or Open Finance. Currently operational in Europe, North America, Latin America, and Australasia, FDATA is also continuing to develop pre-launch capability across Southeast Asia and Africa.
FDATA’s richly diverse membership provides innovative financial applications and services that empower customers to make improved financial decisions, and to take fuller control of their financial lives. From technical standardization, to access to data, to fair processes that encourage innovation and customer choice, FDATA is committed to promoting customer-centric regulation built on fair and ethical Open Finance, for both the consumer and those organisations delivering financial services. With an overarching mission for delivery of an interoperable global Open Finance ecosystem, FDATA represents and advocates for members’ interests, providing a powerful collective voice in the market. In doing so, FDATA increases the share of voice for members in front of policymakers, regulators, and other key stakeholders.
For more details, please visit https://fdata.global/.