Akoya Appoints Paul LaRusso as CEO

boston–(business wire)– Akoya today announced that Paul LaRusso has been appointed CEO and will remain a member of Akoya’s board of directors, succeeding Stuart Rubinstein, who shared his intention to retire by the end of the year at the board meeting in early 2022. bottom.

“On behalf of the Board of Directors, we are thrilled to have Paul join us as CEO of Akoya. Possessing extensive knowledge in the consolidation and digital finance space, Paul is a very active member of Akoya’s Board of Directors, which was established in 2020, and I look forward to working closely with him in his new role. increase.”

LaRusso will join Akoya from JPMorgan Chase on February 15. At JPMorgan Chase, most recently he was Head of Consumer and Community Banking Data and Aggregation. In this role, he led the industry in building infrastructure to better control and protect consumers who share their financial data. He was responsible for Chase’s data access channels and APIs supporting hundreds of millions of API calls each month for millions of consumer and small business customers who share data with thousands of third-party apps. rice field. With his leadership, Chase has completely eliminated his screen scraping in October 2022. LaRusso is also negotiating contracts with several major aggregators and fintechs, launching Chase’s own aggregation service, giving customers access to pending funds, and promoting partnerships with open banking industry groups. , and regulators.

LaRusso said: “Akoya is accelerating the availability of secure access to data while giving consumers more control and visibility. We look forward to continuing our mission of providing secure and reliable networks.”

During his 14+ year career with Chase, LaRusso has served as Product Head of Digital Services, responsible for Chase’s online communications and services products used by its 40 million active users, and as Product Owner for Mobile. , Chase’s first mobile banking app. LaRusso is also Co-Chair of the Board of Financial Data Exchange (FDX) and serves on the Board of Akoya.

Prior to Chase, he worked in the mobile industry for Verizon and Sprint. He holds a BA in International Relations and Spanish from Bucknell University and a Master of Business Administration (MBA) from Georgetown University.

“We are grateful for the opportunity to lead a talented team of professionals who are already making a significant impact in improving how consumers provide access to their financial data to third parties.” Rubinstein said. “The journey is far from over, but I feel the time has come to hand over the business to a new leader who is well-positioned to lead Akoya into its next phase of growth. We are confident that we will be successful and look forward to future success.”

Akoya Data Access Network simplifies data access for open finance. A single integration with Akoya enables financial institutions, fintechs, and data aggregators to enable multiple API connections and avoid ongoing maintenance and development efforts. Akoya handles all data sharing relationships on behalf of network participants, removing the myriad of internal and external costs required to develop and manage multiple third-party agreements. Akoya optimizes for security, transparency and scalability and offers a pass-through model where no financial or personal information is copied, stored or retained. This network is an interoperable solution that can be used across the financial services industry.

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