VIXIO PaymentsCompliance has assembled an Executive Advisory Board to guide its product development in line with cross-border regulatory changes affecting the payments sector.
The London-based regulatory intelligence provider held the first meeting of the Advisory Board this week, alongside onboarding specialists from the technology and compliance fields.
Roseanne Spagnuolo, the firm’s Chief Product Officer, is chair of the body, which consists of 10 senior executives and advisors in total, covering areas such as law, compliance, strategy, corporate development and regulatory and corporate affairs.
“Vixio has earned a reputation over 15 years for the strength of our content and value of our services,” said Mike Woolfrey, VIXIO CEO.
“The formation of the Payments Executive Advisory Board will enable Vixio to receive unique input from industry experts to help us develop cutting-edge products and content, to support global compliance teamsat a time of increasingly complex regulatory change.”
The payments sector is highly sensitive to regulatory changes, and 2023 developments have proven this more than ever when just a few examples are looked at.
Just looking at the UK, it is very apparent how much political and regulatory developments concern the sector.
Just last week, the British Financial Conduct Authority (FCA) approved tokenisation in the country, whilst the government also published the Future of Payments Review, which contained a number of regulatory recommendations, chiefly focused around development of Open Banking.
In addition, the prominent B2B element of the payments industry means regulatory changes affecting other sectors can in turn have a knock on effect – again looking to the UK, the country’s Gambling Act review is a strong example of this.
To take on as diverse a range of regulatory experiences as possible, VIXIO has filled its new advisory board with the aforementioned 10 executives, chaired by Spagnuolo.
The members are Jana Breitkopf, Managing Director, Mercedes pay USA; Georg von Brevern, SVP Compliance and Regulatory Global, SumUp; Amy Brobow, Global Regulatory Compliance and Operations, Mastercard; and Sylvie Calsacy, Global Head of Public and Regulatory Affairs, Worldline.
Further members are Nikki Eagers, VP, International Payments Risk and Compliance, Elavon / US Bank; Ronnette Grant, Global Chief Compliance Officer, Google; Charles Grech, Interim CEO, Truevo; Ori Kissos, Director of Global Regulatory Compliance and MLRO, Tipalti; Johanna Vikström, Chief Risk and Compliance Officer, Trustly; and Alison Wheatley, Global Head of Risk and Compliance, Thredd
Eagers remarked: “The PaymentsCompliance Executive Advisory Board will help facilitate a collaborative approach to designing regulatory solutions that directly meet industry needs in an increasingly global payments landscape.
“We look forward to sharing our collective knowledge and expertise to support the delivery of innovative regulatory tools and content which will help businesses remain at the forefront of their industry in a transparent and compliant manner and in turn better serve their customers.”