CEO
Akoya
Paul LaRusso is Chief Executive Officer of Akoya. He is responsible for the strategic, financial, and operational leadership for the company and works closely with the Board of Directors.
Prior to Akoya, Paul served as the Head of Connected Banking / Open Banking at Chase. In this role, he led the industry in building out the infrastructure to deliver greater control and protection for consumers sharing their financial data. Through his leadership, Chase fully eliminated screen scraping.
Over his 14-year career at Chase, Paul held additional leadership positions including the Head of Product for Digital Servicing, responsible for Chase’s online communications and servicing products used by 40 million active users and Product Owner for Mobile where he led the strategy and rollout of Chase’s first mobile banking apps. LaRusso was also the Board Co-Chair of Financial Data Exchange (FDX) and was on the Board of Directors of Akoya.
When the Consumer Financial Protection Bureau released its final rule under Dodd-Frank’s Section 1033, the world of open banking and finance was set to change in unprecedented ways, not least of which is banks’ ability to innovate faster and remain agile by “co-creating” value-added products and services developed by fintechs, while still remaining compliant with requirements to protect the consumer data that is accessed and shared. An expert panel discusses the monetization and innovation potentials of APIs-as-a-Service to fintechs and the emergence of open API marketplaces, advantages of proactive compliance, third-party risk management, the need for data architecture upgrades to handle real-time access and sharing, and monitoring systems to track data access and security.