Nicolas Weng Kan, the former chief executive of Google Compare and Confused.com, has today been appointed as the chief executive of Yolt.

In this role, he will be responsible for managing both the smart money app and Open Banking arm Yolt Technology Services (YTS).

Weng Kan's previous roles also include head of operations for UK insurer Admiral, and leading startups like Quickquote, Motormate and ONEZERO-ME.

He was born and raised in Madagascar, completed his MBA in France and has held senior positions in the UK, Taiwan, Japan and China.

“I strongly believe we have the talent, experience and commitment to support both consumers and businesses through these uncertain times," commented Weng Kan. "Now, perhaps more than ever, is when Open Banking adoption is likely to have a transformative impact, whether that’s delivered through innovative money apps like Yolt or as a service to companies looking to bring new solutions to market quickly and efficiently.”

Benoit Legrand, chief innovation officer at ING, added: “Our Think Forward Strategy means we are committed to thinking beyond banking, making it clear, easy and available anytime, anywhere.

“Nicolas’s extensive experience, passion and dedication for digital product innovation make him an excellent CEO for Yolt and I’m confident his appointment will only accelerate and strengthen the success of both businesses.”

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