Origo will revise its governance structure to create an independently governed subsidiary to oversee its data standards activities.
Origo's subsidiary will work alongside the financial services industry to implement standards for the movement of data between industry players, enabling them to integrate with each other and set up links with trading partners.
The service provider said the subsidiary will operate with a new independent board.
Origo is a not-for-profit fintech company that seeks to help improve connectivity between financial services companies.
It said the subsidiary will provide a clear distinction between its two separate business operations: its standards and governance services and it's operational service.
The board decided to make the adjustment at the end of March, and hopes to implement the changes as soon as possible.
Origo chairman Iain Duffin said: "As a cross-industry, not-for-profit body Origo always seeks to forward the interests of consumers and ensure that these interests are protected.
"With unprecedented change to the market, including new government and regulatory initiatives, new propositions and new entrants, it is important that Origo also evolved to help shape a more connected future."
Managing director Paul Pettitt added: "The Origo board is keen to work with all providers, platforms, schemes, third party administrators, industry bodies, the regulator and government to enable better collaboration in pursuit of improved customer outcomes."
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