Australia
TrueLayer accelerates global expansion with dedicated Australian product and engineering team
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
SkyCity Appoints Jason Walbridge as Chief Executive Officer
SkyCity Entertainment Group Limited has appointed Jason Walbridge as its new Chief Executive Officer.
Jason has more than two decades of senior executive public company experience in the global land-based and online gaming industries. He is currently a Strategic Advisor to global gaming and technology company Aristocrat Leisure Limited on its proposed acquisition of NeoGames S.A, and Executive Chairman of National Entertainment Network LLC, the largest amusement route operator in the US. He has been appointed to the role after an extensive international search.
SkyCity Board Chair Julian Cook said: “The Board is delighted to announce Jason’s appointment as CEO of SkyCity, and we are looking forward to the valuable contribution Jason will make to the business. Jason has extensive global experience in the land-based and online gaming industries, which will position him well to lead SkyCity through its next phases.”
Mr Walbridge said: “It will be a privilege to lead SkyCity, and I am excited to be joining the business at this time as SkyCity looks to pursue the many opportunities ahead of it.”
Mr Walbridge is expected to start in early July 2024, following his move back to New Zealand.
Prior to his current roles, Mr Walbridge held roles with the online gaming supplier NYX Gaming Group Limited and its acquirer Light & Wonder Inc, and before that he spent 18 years with Aristocrat Leisure Limited where he held executive leadership roles in New Zealand and the US. Previously, he held senior roles within consulting, including with Ernst & Young, and was an Officer in the New Zealand Defence Force. Mr Walbridge holds an MBA in International Management from the Auckland Institute of Studies.
Mr Cook confirmed that Callum Mallett will continue as Interim Chief Executive Officer until Mr Walbridge’s commencement date.
“I’d like to thank Callum for his continued leadership and his support during this period,” Mr Cook said.
The post SkyCity Appoints Jason Walbridge as Chief Executive Officer appeared first on European Gaming Industry News.
Australia
VGCCC Fines BlueBet AU$50,000 for Gambling Advertising Breaches
BlueBet has been fined AU$50,000 by the Victorian Gambling and Casino Control Commission (VGCCC) for breaching gambling advertising regulations.
The company was found guilty of 43 charges related to displaying gambling advertisements on or above public roads, contravening the Gambling Regulation Act 2003.
The charges stemmed from an investigation initiated by VGCCC, following a complaint from a member of the public. The breaches occurred over a two-week period in August and September 2022, with BlueBet’s gambling advertisements appearing on digital billboards at various locations, including Point Cook, Laverton, Rockbank and Ravenhall.
Magistrate Greg Thomas, overseeing the case, expressed scepticism about BlueBet’s defence that it was unaware of the breaches, given the strategic placement of the billboards to target males aged 15-54 years old. While no conviction was recorded, Magistrate Thomas noted the high degree of negligence exhibited by BlueBet.
VGCCC CEO Annette Kimmitt AM said: “Gambling advertising has no place on public roads where it is readily visible to children and other vulnerable groups. These places are especially difficult to avoid as part of day-to-day activities. This decision sends a clear message to wagering providers that flout these protections for our community.”
Although Magistrate Thomas considered imposing a higher fine and recording a conviction, he took into account BlueBet’s guilty plea, cooperation with VGCCC and measures taken to prevent future breaches. BlueBet has implemented changes to prevent similar incidents and has cooperated with VGCCC throughout the process.
The post VGCCC Fines BlueBet AU$50,000 for Gambling Advertising Breaches appeared first on European Gaming Industry News.
Australia
VGCCC Introduces New Rules for Wagering Account Statements
The Victorian Gambling and Casino Control Commission (VGCCC) has introduced new standards for how activity statements should be presented to wagering account holders. The new standards require providers to use plain English and avoid unnecessary vocabulary. The use of colours is limited to black and red to represent losses.
The VGCCC took the measure after finding inconsistencies in the way information was displayed on sample activity statements across different providers. Account holders must be able to see how much of their own money they have lost, with free and bonus bets excluded from the net loss figures. Net wins must be shown with stakes deducted. The gambling harm taglines that appear at the end of wagering ads must be displayed on each statement.
The new standards came into force on April 1. Failure to comply could result in a penalty of 60 penalty units, equivalent to AU$11,538.60 for each non-compliant activity statement issued.
VGCCC CEO Annette Kimmitt AM said: “The days of inconsistent player activity statements are over. Wagering account holders will be better informed about their spending – and therefore better equipped to make informed decisions about their gambling – thanks to the clarity and fairness these changes bring.”
The post VGCCC Introduces New Rules for Wagering Account Statements appeared first on European Gaming Industry News.
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