London
09 March 2017
Reporter: Stephanie Palmer

New TAG team to focus on technology standards


The International Standards Organisation and the Financial Services Committee have formed a new global committee, focused on driving technology and data standards in financial services.

The Fintech Technical Advisory Group (TAG) is intended to provide a proactive dialogue between financial institutions, regulators, the supply chain and financial technology companies, with a focus on driving standards for secure global commerce.

It will act as an advisory entity, providing a platform for dialogue on the growing need for data and technology standards.

Working with fintech communities, including public sector bodies, the group will promote the adoption and implementation of consistent standards; address common issues collaboratively and consistently; and encourage open-minded communication and sharing of information around financial services standards.

The Fintech TAG will be co-charied by Stephan Wolf, CEO of the Global Legal Entity Identifier Foundation, and Nick Cliff, head of emerging technology at the Australian Payments Clearing Association. PJ Di Giammarino, CEO of JWG-IT Group, will act as secretary of the group.

In a joint statement, Wolf and Cliff said: “We look forward to helping the industry take this huge step forward as we provide the platform for the collaboration of internationally-renowned experts in innovative areas such as identity solutions and exchange of regulatory data.”

Di Giammarino added: “At this important juncture where public and private sectors realise the importance of common standards for business as well as regulation, I’m delighted to be able to support this global initiative of top experts.”

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