The Federal Reserve System has appointed Federal Reserve Bank of Chicago senior vice president Todd Aadland as its payments security strategy leader.
In this role, Aadland will lead the System’s activities to address fraud risk and advance the safety, security and resiliency of the payment system. His responsibilities will include chairing the Secure Payments Task Force, comprised of more than 170 payments stakeholders.
“Todd’s combination of business experience and technical expertise is exactly what is needed to partner with the industry on improved payments security,” said Gordon Werkema, the Federal Reserve’s payments strategy director to whom Aadland will report.
Aadland has 20 years of Federal Reserve experience that includes leading the business strategy, development and management of the Federal Reserve Banks’ FedLine access solutions, which are used by more than 10,000 U.S. financial institutions to transact $4 trillion of payment value daily.
Aadland has also led risk management, security and application development functions. He holds a master of business administration degree from the Kellogg Graduate School of Management at Northwestern University and a master of science in electronic commerce from DePaul University.
He is a Certified Information Systems Security Professional and was commissioned by the Board of Governors as a bank examiner.
Whitepapers
Related reading
People moves: Billtrust, LedgerX, ShapeShift and more
Billtrust appoints new CFO New Jersey-based fintech firm Billtrust announced on February 20 that they appointed Mark Shifke as its new CFO. ... read more
People moves: OKEx, Trustly, and more
OKEx names a new COO Malta-based cryptocurrency exchange provider OKEx announced on January 7 that its chief operations officer (COO) Andy Cheung ... read more
People moves: Provident, DailyPay, BGC and more
Provident Financial announce new CFO appointment Consumer finance firm Provident Financial has appointed Neeraj Kapur as its new CFO. Kapur will be ... read more
People moves: Revolut, Hive, HSBC and more
Hive Blockchain appoints new director Canada-headquartered crypto-currency firm HIVE Blockchain Technologies has announced the appointment of Dave Perrill to its board of ... read more
