MX names new chief advocacy officer

US-based Open Finance fintech MX Technologies has named Jane Barratt as chief advocacy officer and head of global public policy.

She previously served as chief commercial officer, financial institutions at MX and, prior to joining the company, worked as chief executive officer of an education-first financial advisory platform, GoldBean.

In her new role, Barratt will oversee the company’s advocacy and global public policy efforts, reporting to MX chief executive officer Jim Magats.

He said: “Jane Barratt is a leading voice in the financial industry and a long-time advocate for harnessing the power of financial data to improve consumer and business outcomes.

“Her voice and experience are critical in shaping the future of MX and the financial industry with the ecosystem of policymakers, regulators, industry groups, our clients, and partners.”

Magats added that Barratt will continue to advocate for an Open Finance ecosystem “that empowers consumers and businesses alike — laying the groundwork for the next chapter of financial services innovation in the United States, Canada, and globally”.

“My passion has always been in moving the industry forward with technology and data that improves financial outcomes. Partnering with customers, industry groups, policymakers, and regulators is critical to ensure a competitive and innovative future for financial services,” said Barratt.

“I look forward to working with leaders across the industry to drive new innovations, policies, and opportunities that support financial wellness, inclusion, and access for all.”

In July this year, Open Data and payments platform Moneyhub formed a referral partnership with MX to accelerate the adoption of Open Finance across North America and Europe.

Through the partnership, Moneyhub is able to refer clients to MX for support in North America, while, in turn, MX can refer clients with a need for Open Finance solutions in European markets, to Moneyhub.