Today, we announced that Jim Magats will join MX as our new CEO on August 17, 2022. Jim joins MX following 18 years as a senior executive at PayPal where he helped spearhead PayPal’s transformation into one of the world’s most valuable and innovative fintech companies. Jim will officially join MX as CEO on August 17, 2022.

Jim was previously PayPal’s Senior Vice President for Omni Payments Solutions, which included overseeing the company’s open banking strategy and solutions, as well as a partnership network of more than 150 financial institutions, fintechs, and payment networks. He spent time in Europe partnering with regulators on PSD2, rebuilt PayPal’s relationships with banks and payment networks, and led the development of PayPal’s API capabilities.

In Jim’s own words:

“I am thrilled with the opportunity to join MX as CEO. I’ve spent my career developing new ways to connect financial data and deliver high-impact financial products and services. It’s an exciting time to be in fintech, and I look forward to working with each of you.”

We sincerely thank Shane Evans for his devoted leadership as interim CEO and President. Shane successfully led MX through a period of unprecedented growth as an organization and many of you were able to work with him directly. Shane is a tremendous leader and will continue as a senior advisor, providing strategic counsel to our team and customers through the transition.

We are excited for Jim to join MX and look forward to introducing you to him. I’d invite you to come hear from Jim and the most influential leaders in fintech and banking at the Money Experience Summit on September 20-22 at Snowbird Resort in Utah.

By BayPay Staff on Thu, 28 Jul 2022 03:15:00 PDT