Plaid, a U.S. financial technology firm, announced the appointment of Brian Dammeir, former Adyen executive, as its newest head of Europe. Dammeir’s previous role of Adyen’s global head of unified commerce out of San Francisco involved leading a key part of Adyen’s business focusing on different payment experiences, including the online, in-store, and app-based, on a single platform.
Dammeir replaces Ripsy Bandourian in overseeing Plaid’s expansion across Europe. The company has been valued at $13.4 billion by investors. Plaid’s technology enables financial technology apps to access data from bank accounts and make payments on behalf of users, contributing to the open banking movement aiming to open financial data to non-bank financial institutions.
Dammeir expressed excitement about the opportunity around open finance, expanding into account-to-account payments, lending, and traditional banking. Bandourian was the company’s first head of Europe until she left to pursue other passions, after which Dammeir seized the opportunity to join the company, following interactions with its executives for more than a decade.
With a strong background and experience in Adyen’s North American and European offices for over eight years, Dammeir aims to drive a broader movement toward open finance, unlocking the potential for innovative new products in lending, insurance, and other parts of the finance ecosystem. Plaid has also seen a focus on payments, with its payment volumes on the platform climbing more than 90% in 2023.
Dammeir is optimistic about the future partnerships Plaid will forge beyond just fintechs, indicating the company’s interest in working with partners like Monzo, Checkout.com, Public, and Moneybox.
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