DirectID Appoints New CEO to Lead Next Stage of Growth

DirectID appoints Chris Mills as CEO, succeeding founder James Varga. With vast experience in startups, Chris will lead the next phase of growth.
Published on
July 27, 2023
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DirectID, a leading open banking provider specialising in credit and risk decisions, today announced the appointment of Chris Mills as Chief Executive Officer. Chris will succeed James Varga, who has served as CEO since founding the company in 2011.

James Varga will be stepping back from the CEO role to focus fully on his responsibilities as Founder. In this capacity, he will continue to actively engage with the market, evangelise the brand, support strategy development, provide insights into industry trends, and facilitate funding activities.

Under James Varga's visionary leadership and pioneering workin open banking, DirectID has become an instrumental force in enabling financial inclusion through credit and risk scoring. The company helped establish open banking standards in the UK and has assisted over 170 organizations with the open banking data and insights.

With the company poised for its next stage of rapid growth and evolution, James determined it was the right time to transition management oversight to a new CEO.

James Varga, Founder, said:

This decision marks a new chapter for DirectID at a time when the need for financial inclusion for all has never been greater. I am fully committed to supporting Chris and the entire leadership team during this transition and beyond. With Chris at the helm as CEO, I am confident that DirectID will continue to flourish and uphold our vision of enabling financial access for all.

Chris Mills brings a wealth of relevant experience guiding high-growth startups and a deep understanding of DirectID's mission and market landscape. Chris has more than 15 years leadership experience in financial services latterly as CEO of the UK’s largest independent mortgage broker, L&C mortgages.  He has lead high-growth businesses from start-ups, developing successful international expansion strategies through the scale-up process. His focus will be on shaping and delivering the growth strategy to scale DirectID and expand the business into new international geos and markets.

Chris Mills, CEO, said:

I am honoured to lead DirectID and its remarkably talented team as we enter this exciting new phase of growth and opportunity. I look forward to building on the strong foundation that James established as we further our mission of financial inclusion and continue to pioneer the use of open banking data in credit & risk sectors. My own experiences have highlighted the opportunity for lenders to make better, easier and more accurate decisions through open banking data.

For more information, visit direct.id.

About DirectID

DirectID is a leading open banking provider specialising incredit and risk decisions. Using open banking data, DirectID equips global organisations with insights to fuel business growth and mitigate risk.

Through the extraction of critical insights such as credit scores, affordability, income, and financial health, DirectID gives organisations a comprehensive understanding of individuals and businesses’ financial profiles. These insights are instrumental in making better informed decisions regarding creditworthiness, portfolio management and risk assessment.

Central to DirectID’s mission is a commitment to financial inclusivity, demonstrated by their ambitious initiative to launch the first global credit score. This initiative aims to democratise access to affordable financial products and services for individuals worldwide, aligning with their vision of a more inclusive and accessible financial landscape.

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