Konsentus hires Jim Wadsworth from Mastercard to lead Open Banking expansion

By Gloria Methri

May 08, 2023

FinTech
Jim Wadsworth
Konsentus

Open Ecosystem RegTech provider, Konsentus has appointed Jim Wadsworth to lead the expansion of its technology solutions into international markets.

An industry professional, Wadsworth has more than 20 years of payments experience and has been at the forefront of the global Open Banking movement for the past five years.

Wadsworth started Mastercard’s journey into Open Banking, including playing a major role in their acquisitions of Finicity in the US and Aiia in Europe. Prior to his Open Banking role at Mastercard, he led the Vocalink UK product team where he established the group which created some cutting-edge anti-financial crime solutions.

Earlier in his career Wadsworth created, built, and managed progressive and innovative payments products and services at major brands such as Vodafone, JP Morgan, and Barclaycard.

With Open Banking accelerating across the globe, there is a vast opportunity to implement open ecosystems. Konsentus noted that Wadsworth’s connections on an international basis will be instrumental in realizing the next stage of the company’s growth plans.

“Open Banking is creating new and innovative revenue streams and Konsentus has a central role to play in ensuring that ecosystem participants can safely and securely leverage these opportunities. Konsentus’ market-leading technology, combined with their unparalleled subject matter expertise, is why I’m thrilled to have joined their talented team,” said Jim Wadsworth, EVP, Strategic Market Development, Konsentus.

Mike Woods, CEO, of Konsentus added, “Jim’s strategic mind combined with his wealth of experience in the open banking world will be invaluable to Konsentus as we advise regulators and central banks across the world in setting up and securing their open ecosystems. I’m delighted to be welcoming Jim to the team in this pivotal role at such an exciting time in our expansion into new markets.”