Open Banking payments provider Trustly has appointed Adam D’arcy as its new chief product officer, citing the growth of the Open Banking payments market in the US.
D’arcy joins from Prodigy Finance, where he was also chief product officer, responsible for leading a transformation in product culture and building a development team.
Previously, D’arcy led financial product development for Gojek and HSBC.
At HSBC, he created Hong Kong-based payments app ‘PayMe’, which has been adopted by 60% of the region’s population and more than 60,000 merchants.
In his new role, D’arcy will drive Trustly’s product strategy as the demand for Open Banking Payments continues to gain prominence in the US, according to Trustly.
Alexandre Gonthier, founder and chief executive officer of Trustly, said: “His extensive experience, winner instincts, and proven expertise in product-led innovation make him an ideal fit for the organization.
“Adam’s vision and leadership will be instrumental as we continue to enhance our offerings to meet the demands of a growing Open Banking payments market.”
D’arcy said: “I am excited to join Trustly at such a pivotal time.
“Trustly’s commitment to establishing Open Banking payments as a mainstream, high-conversion, low-cost alternative to cards aligns with my passion for creative and consumer-focused product innovation.”
He added: “I look forward to working with the talented team at Trustly to deliver industry-leading solutions that will shape the future of payments.”
In April this year, Trustly and technology infrastructure provider Cross River Bank expanded their existing instant payments partnership by adding the FedNow service.
By processing transactions on the US Federal Reserve’s platform FedNow, Cross River Bank and Trustly can provide merchants with enhanced bank coverage, furthering their account-to-account capabilities.
Earlier in 2024, Trustly partnered with MX Technologies in the US, using its data enhancement services to enhance its Open Banking product suite.
