TD Bank’s VP external ecosystems, Franklin Garrigues, has been elected to the board of Financial Data Exchange (FDX) as financial institution co-chair.
Garrigues, who succeeds Paul LaRusso of JPMorgan Chase as co-chair, will work alongside Steven Smith, chief engagement officer at Mastercard Global Open Banking.
In the US and Canada, non-profit organisation FDX provides a common, interoperable, royalty-free standard for the secure access of user permissioned financial data.
“Our work at TD is based on putting our customers at the center of every experience, and part of that means providing secure, transparent and easy-to-use ways to help them manage their finances online,” said Garrigues.
“FDX is a key forum that has brought together banks, fintechs and aggregators around a customer-centric dialogue. This appointment is a fantastic opportunity to continue this important work and I look forward to collaborating with the FDX board as we support the market transition into Open Banking.”
Don Cardinal, FDX managing director, added: “Franklin was integral in bringing FDX to Canada and we are delighted to welcome him to the board as FI co-chair to continue our work to help customers get the most out of their financial data.
“Franklin and TD have been strong champions for the financial industry transformation that FDX has been leading since our inception.”
Earlier this year, TD Bank unveiled its Black Entrepreneur Credit Access Program, offering dedicated support and resources to Black business owners.
Rob Miller, AVP Open Banking at TD Bank, has been confirmed as a speaker at this year’s Open Banking Expo Canada on June 15. Find out more about the Expo, the speaker line-up and how to attend here.