Maha El Dimachki to Lead Singapore Center of BIS Innovation Hubby Fintech News Singapore July 5, 2023
Maha El Dimachki has been appointed as the new head of the Singapore Center at the Bank for International Settlements (BIS) Innovation Hub, effective 1 October 2023 onwards. She will be taking over from Andrew McCormack who no longer works for BIS.
An Australian national, El Dimachki is currently Head of Early and High Growth Oversight at the UK’s Financial Conduct Authority (FCA), leading a team in charge of providing supervisory support for startup firms.
Previously, she headed the FCA’s payments department and served as chief payments officer of Pay.UK, the country’s operator of retail interbank payment systems. She also had senior positions in commercial banks.
The BIS Innovation Hub Center in Singapore was established in 2019. Its projects have focused on Central Bank Digital Currencies (Projects Dunbar and Mariana; technology applied to supervision and regulation (Viridis and Ellipse) and next-generation financial market infrastructures (Nexus).
It is currently collaborating with the central banks of Indonesia, Malaysia, the Philippines, Singapore and Thailand as they work towards connecting their domestic payment systems.
“I am delighted to welcome Maha to the BIS Innovation Hub. She brings a rich set of experiences from both public and private sector and she understands the importance of rules while allowing for innovations.
With a rich international background and a purpose-driven agenda especially in payments, Maha brings great skills and values to the team at the Singapore Center,”
said Cecilia Skingsley, Head of the BIS Innovation Hub.