Tyl by NatWest and Payit look to Raidiam for new head of strategy

UK bank NatWest has appointed Tim Johnson as head of strategy of Tyl by NatWest and Payit.

In his new role, Johnson will drive strategic growth for both Tyl by NatWest, which is a payment partner for UK small and medium-sized businesses, and Payit, the bank’s payment solution that uses Open Banking technology.

He will be focused on technology, product and market expansion.

Johnson joins from Raidiam, which creates data sharing ecosystems, and where he was strategy director for more than three years.

During his 20-year career, he has also worked at the Open Banking Implementation Entity, Elavon Merchant Services and Barclaycard Payment Acceptance.

“Payments are in a really interesting and exciting time at the moment,” said Johnson.

“Having developed the technology for both merchant acquiring and Open Banking payments, we can now mobilise our innovation, start-up culture and expertise to really bring our proposition to life. I look forward to seeing what the future at Tyl by NatWest and Payit brings.”

Mike Elliff, chief executive officer of Tyl by NatWest and Payit, added: “We are incredibly pleased to have Tim join our team. Tim brings invaluable experience to our team, helping us strengthen our proposition at both Tyl by NatWest and Payit.

“With Tim on board, there is huge potential for further growth for our products and innovations, whilst nurturing our inherent start-up culture.”

In February this year, NatWest revealed that international law firm CMS had become the first business to use Payit’s new feature, ‘Reusable Links’, with the firm using it for corporate giving.

Reusable Links allows payments to be collected from multiple accounts, via one link, without requiring card or bank account details from the donor.