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Michael Lawrence, COBA CEO and World Council Board Treasurer
Ready or not, credit unions down under are already preparing for the cost, compliance and cybersecurity issues that open banking poses, due to an aggressive approach from Australia’s federal government.
Michael Lawrence, CEO of the Customer Owned Banking Association (COBA), showed a global credit union audience just how far ahead Australia is on open banking especially when compared to other countries during a recent World Council webinar on the subject.
“In November 2017, the Australian Government announced the Consumer Data Right (CDR) here in Australia, giving consumers more access to and control over their data which traditionally had always sat inside banking institutions, and had really been at the discretion of the banking institution as opposed to being at the control of the individual customer,” said Lawrence, who also serves as Treasurer of World Council’s Board of Directors.
Three-decade career with global credit union organization will end in summer 2021
January 14, 2021
MADISON, Wis. World Council of Credit Unions congratulates its President and CEO Brian Branch upon the announcement of his retirement, effective July 2021.
Dr. Branch has enjoyed a career that has spanned 31 years with World Council. Branch was promoted to his current position in 2011, and will retire as one of the longest serving presidents and CEOs in World Council history.
During his career with World Council, Branch traveled to and worked in 104 countries, developing programs to start credit unions, conduct management training, expand outreach, build networks, improve regulatory environments and introduce technological innovations.