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TrueLayer accelerates global expansion with dedicated Australian product and engineering team

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TrueLayer launches Payouts, a new way for operators to issue instant refunds and withdrawals
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TrueLayer, the global open banking platform, today announced two expert technical hires in Australia as part of its continued expansion in the APAC region.

Tilen Chetty is joining the company in Sydney as Product Lead and Dan Gaskin in Melbourne as Lead Engineer.

Following its successful US$70 million Series D raise in April, TrueLayer is growing its product, engineering and commercial teams globally. TrueLayer’s API-first platform currently processes more than half of all open banking traffic in the UK, Ireland and Spain, with millions of consumers and businesses trusting TrueLayer to access their financial data and initiate payments.

Tilen Chetty and Dan Gaskin join TrueLayer’s global technical team which is led by Chief Product Officer Ossama Soliman, who joined the company from Amazon late last year, and Vice President of Engineering Ben Foster, who joined from Checkout.com in February. The new hires will be responsible for leading the Australian product and technical capabilities, working closely with Country Head Brenton Charnley, who joined in Sydney in October 2020.

Tilen Chetty is a passionate advocate for fintech and open data, especially Australia’s ground-breaking Consumer Data Right and the pursuit of competition and innovation. He has previously held strategic product roles at Deloitte Australia, Westpac, Macquarie Bank and Cover Genius as well as global internet giant, Naspers.

“It’s an incredible opportunity to join the TrueLayer team in Australia at a time when the CDR rollout is accelerating and there is so much opportunity for innovation to benefit the consumer,” commented Tilen Chetty.

Dan Gaskin is also an open banking and CDR enthusiast, with a passion for modernising financial services through secure cloud native API strategies and solutions. Dan brings experience of Australia’s Consumer Data Standards, having recently helped several of Australia’s largest banks to implement cloud native microservice strategies to serve open data. He also brings fintech experience from Checkout.com, where he worked with TrueLayer’s VP of Engineering, Ben Foster.

“Having implemented the Consumer Data Standards on the data holder side of the CDR, I’m excited to have the additional opportunity to work on the data recipient side,” commented Dan Gaskin. “Joining a world leading open banking provider like TrueLayer, to create and engineer products that bring tangible benefits to consumers, is incredibly exciting,” he added.

Discussing the growth plans of TrueLayer in Australia, Country Manager Brenton Charnley said: “I’m thrilled to welcome Dan and Tilen to TrueLayer to lead our product development in data and payments. The combination of our local presence and capabilities, supercharged by TrueLayer’s international network, supports our competitive edge in the Australian market helping our local and global clients go to market with open banking and open up Australian finance.”

TrueLayer is in the final stages of full accreditation as an Accredited Data Recipient (ADR) from the Australian Competition & Consumer Commission (ACCC) and will shortly formally launch its global Open Banking Platform in the local market. The company is also recruiting for positions in operations, sales and engineering to support its Australian growth.

Momentum for the CDR for businesses and consumers continues with the next round of rules updated released by Treasury on 1 July 2021 and additional funding announced by the Federal Government Budget in May to be split by the ACCC and Treasury to advance the CDR rules and adoption across the banking, finance and telecommunications industry.

TrueLayer has been actively participating in consultation with the ACCC and Treasury and is a member of the Data Standards Body Advisory Committee.

Australia

Foxtel Breaks Rules with Live Sport Betting Promotion

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Foxtel has breached broadcasting rules by airing a segment promoting a betting service during the live broadcast of an AFL match on Easter Monday afternoon.

An Australian Communications and Media Authority (ACMA) investigation found the broadcast breached the rules in the Subscription Broadcast Television Codes of Practice.

ACMA Chair Nerida O’Loughlin said under the rules broadcasters must not air gambling advertising during or within five minutes of live sports broadcast between 5 am and 8.30 pm.

“These rules are in place to reduce exposure to betting promotions. In particular, parents worry about their children seeing gambling ads, especially those associated with shared family activities like sport,” Ms. O’Loughlin said.

“Foxtel is well aware of the rules and it is disappointing that this betting promotion was allowed to go to air.”

Foxtel self-reported the breach to the ACMA following a complaint from a viewer. The breach of the rules occurred as a result of human error during the live broadcast.

Following the breach finding, Foxtel provided refresher training to staff about Foxtel’s obligations relating to betting advertising under the Code. Foxtel has also introduced new controls to ensure that gambling advertisements are not improperly broadcast during live sporting events in the future.

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Australia

Lawrence Levy Resigns as CEO of Ainsworth Game Technology

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Ainsworth Game Technology has announced that Lawrence Levy has advised the Company of his intention to resign from the role of CEO effective Friday 10th September 2021.

The Company also announced that Harald Neumann will be appointed as the new Chief Executive Officer. Neumann has been a director of Ainsworth since February 2017.

Mark Ludski, Chief Financial Officer, will undertake the additional role of interim CEO until the appointment of Neumann takes effect to ensure continuity of leadership and oversight of the Company’s operations.

“On behalf of the Board, we thank Lawrence for his contribution through challenging times. Lawrence has decided to resign for personal reasons, and we wish him well. We are fortunate to be able to appoint Harald as our new CEO. As the former successful CEO of Novomatic AG, our major shareholder, and a director of AGT, he brings a wealth of knowledge and experience to the role with a thorough understanding of AGT. He will be able to seamlessly transition to the new position. Harald will be based in Las Vegas where he can lead AGT in our largest market continuing to drive growth and recovery,” Danny Gladstone, Chairman of Ainsworth, said.

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Australia

NSW GOVERNMENT ANNOUNCES ILGA BOARD APPOINTMENT

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NSW GOVERNMENT ANNOUNCES ILGA BOARD APPOINTMENT
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The NSW Government has appointed a new member to the Independent Liquor & Gaming Authority (ILGA) Board, which makes decisions on higher risk licensing proposals and disciplinary matters involving hotels, clubs, bottle shops and the casino.

The ILGA Chairperson, Philip Crawford, has welcomed the appointment of Gillian Eldershaw to the ILGA board.

“Ms Eldershaw has been appointed for a three-year term and brings a wide array of skills and experience which will be a great asset to ILGA,” Mr Crawford said.

“Ms Eldershaw is a Barrister admitted to practice in New South Wales and in the High Court of Australia. She completed a Bachelor of Laws in 2004 and earned a Bachelor of Nursing in 1995.

“ILGA is committed to fair and transparent decision making and dealing with matters in a timely and efficient manner. People appointed to the ILGA board must be of the highest integrity and promote fair, transparent, and efficient decision-making. Ms Eldershaw clearly meets all these requirements.”

Gillian Eldershaw replaces Nicole McWilliam, whose term has been completed, and brings the Board’s membership back to eight. The board is chairperson Philip Crawford, deputy chair Murray Smith, and members Craig Sahlin, Stephen Parbery, Sarah Dinning, Samantha Zouroudis, and Paul Gentle.

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