TrueLayer appoints first chief strategy officer

European Open Banking payments network TrueLayer has hired the chief executive officer for Europe at Banked, Lisa Scott, as its first chief strategy officer.

In her new role, Scott will oversee TrueLayer’s expansion into new markets, drive consumer engagement and accelerate the adoption of its Open Banking solutions.

As well as working at Banked, Scott has held roles at PayPal, where she developed its UK credit product, and Lloyds TSB.

Scott said: “We’re seeing a significant reduction in barriers to entry for Open Banking payments, which presents a tremendous opportunity to broaden the payments ecosystem across various verticals and bring alternative payment methods to consumers. This will be a major focus of my work.

“TrueLayer is not only at the forefront of introducing Open Banking to new markets, but also excels in enhancing user experiences with its payments solutions.”

Luca Matinetti, TrueLayer’s co-founder and chief technology officer, added: “Lisa’s exceptional track record in taking products to market and consumer engagement speaks for itself.

“We are determined to demonstrate the value of Open Banking and bank-app payments to consumers, and Lisa is the right person to help us do that. Her insights and leadership will be crucial as we continue to expand, explore new use cases and deepen customer engagement in the evolving financial landscape.”

In January, TrueLayer became the first company to join the SEPA Payment Account Access Scheme (SPAA), led by the European Payments Council.

Under SPAA, European banks will be able to develop and offer premium Open Banking APIs and receive remuneration for access to these APIs.