Piet Mallekoote

Advisor, supervisor, former ceo payments and e-id-systems at Piet Mallekoote

Speaker

Piet has a background in economic and monetary policy, payments and governance. After studying macroeconomics and public finance, Piet started his career in 1979 at the Domestic Research Department of de Nederlandsche Bank (DNB), the central bank of the Netherlands. As an expert in economic analysis and economic policy, he advised the Executive Board of DNB. In 1986 he was appointed deputy and acting director of the department. At that time he was also involved in technical assistance of the National Bank of Poland (IMF programme). In the mid-1990s, Piet was appointed director of the currency department (restructuring the department), payments and securities department (introduction of Target1 and a new securities back-office for the bank) and payments policy department. Here, he was responsible for setting up a new oversight department and a research study on the efficiency of retail payments in the Netherlands. He was a member of the Eurosystem Payments and Settlement Committee. At the request of the banks and the Governor of DNB, he became in 2004 responsible for the implementing the recommendations of this study by setting up a new market model for retail payments in the Netherlands. In this role, he became CEO of Currence, the owner of the national payment products. In 2006, he developed iDEAL, which became the largest online e-banking payments scheme in Europe for e-commerce. In 2011 Piet also became CEO of the Dutch Payments Association. In this role he was responsible for the introduction of the Single Euro Payments Area (SEPA) in the Netherlands, the European Payment System Directive (PSD 1 and 2), open banking, digital identity, instant payments, digital transformation and payments innovations. In all these positions, Piet gained a great deal of knowledge and experience, in addition to payments, with many topics in the field of central banking among which banking supervision, payment oversight, stakeholder management with end users of payments and implementation of legislation. On 1 March 2021, Piet retired and became a member of the Dutch Institute for Financial Disputes and a member of the Digital Euro Market Advisory Group (MAG) of the European Central Bank. Furthermore, he advises various institutions in the field of payments and payments infrastructure and regularly publishes articles on payments policy. Summary: 1979-2004 Dutch Central Bank, different management (director) positions 2004-2006 Deputy CEO Currence 2006-Febr 2021 CEO Currence 2011-Febr 2021 CEO Dutch Payments Association