The non-executive directors are:
• Paul Bailey, Director of Technology, NEST
• Billy Burnside Head of Platform Development & E-Commerce at Aviva UK Insurance
• Ross Dunlop, Head of Platform Proposition, Standard Life
• Edward Glyn, Managing Director, Global Head of Relationship Management, Calastone
In its key role for the industry, Criterion is focussed on driving forward the development of sustainable standards and governance services that are going to be ever more vital for the movement of data and the automation of processes in the UK’s long-term savings, investment, pensions and protection markets – ensuring always that the end consumer is front of mind for the industry.
Criterion's Chairman Iain Duffin says: “I am delighted with the recent additions to the Criterion Board. Paul, Billy, Ross and Edward bring a wealth of experience from all reaches of the financial services industry – their collective knowledge and expertise will greatly support Criterion’s ambition and impact. We hope to be making further additions to the Board shortly.”
Caroline Mansley, Managing Director of Criterion, adds: “We are now in an excellent position to continue driving forward on the fundamental standards and governance work required to ensure data movement and the automation of processes develop at sufficient pace - meeting the needs of an evolving financial services industry in a safe and secure manner.”
Caroline continues: “Recognising the effect pensions freedoms had on the industry, coupled with new innovative fintech solutions poised to bring further dynamic change, demands a body like Criterion to be available to support the industry in managing that process, while keeping the end consumer front of mind.
“2018 will see Criterion continue to drive collaboration across the industry. Our energies and focus will be prioritised across a number of industry-wide activities, including pensions dashboard, distributed ledger technologies and improved pensions transfer and re-registrations.
“Ambitions defined by the government and the regulator can only be effectively implemented and deployed when standards are utilised: collaborative working doesn’t happen unless all parties are ‘talking the same language’. Criterion has the track record that shows we can make this happen.”
Paul Bailey, Technology Director, NEST says: “I have seen throughout my career the ability for standards to transform the way that businesses operate regardless of whether they were developed by a standards-making body or the product of a collaboration among visionary firms. A wave of innovation from fintech start-up firms has the potential to transform financial services for all our customers. At the same time initiatives such as PSD2 are unlocking customer data, and customer engagement from established firms. The definition and adoption of Standards is a key ingredient in this mix and I am thrilled to help Criterion play a vital role in the development of our industry.”
Edward Glyn, Managing Director, Global Head of Relationship Management, Calastone adds: “I am delighted to be joining the board of directors at Criterion, particularly at a time when the financial services industry is experiencing such high levels of change. Industry standards and governance are essential elements that will ultimately lead to increasing efficiency across the industry. We are a group of like-minded individuals who feel a deep duty of care to engage, innovate and address the increasing demand for greater transparency, and improved investment performance.”
Billy Burnside Head of Platform Development & E-Commerce at Aviva UK Insurance, says: “I am delighted to join the board of Criterion at this exciting time. Having spent 20 years working to drive the industry’s e-commerce agenda, the opportunity that Criterion offers is unique. Through collaboration across the financial services industry we have the opportunity to establish a focal point and driving force for all participants whose ambition it is to drive straight through processing, automation and simplification through standards and governance for the benefit of consumers and advisers.”
Ross Dunlop, Head of Platform Proposition, Standard Life, says: “I have been fortunate enough to have spent many years collaborating across the industry on initiatives to enable the efficient sharing of data, de-risking processes and reducing costs for providers, advisers and our customers. In an environment where exchanging data is becoming ever more important (such as Pensions Dashboards and improving transfer and re-registration times), the creation of Criterion to take forward our industry standards and governance provides a great opportunity for our whole industry to work together to the benefit of our customers. I welcome the chance to work with the rest of the Board to ensure Criterion is well placed to support our industry.”
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