About Noyan Nihat
Last Updated December 2024
With a background in traditional banking, initially at Dean Witter, Republic National Bank of New York as well as Morgan Stanley, Noyan successfully transitioned into marketing and data management for financial institutions with Chartsearch Direct which then morphed finally into Highbury House Plc. He attained the position of board director of the Plc, who was responsible for over 60% of the group revenue.
Some years later, his entrepreneurial side then took over and he set up his own agency, Evolution Direct Marketing which had a successful run for over 14 years, with an impressive client list. With changes from Data Protection Act to GDPR when the UK was part of Europe, this meant the market shrunk substantially.
Returning to his roots in banking, Nihat moved into the fintech sector over a decade ago, where he co-founded an Electronic Money Institute (EMI) in the UK and Europe. Noyan has held an approved person position with the FCA and Central Bank of Lithuania in two EMI firms.
More recently, he was instrumental in the founding of a new EMI, and as such became board director and COO of Privat 3 Money Ltd, a FCA approved Electronic Money Institution in the UK with a current application in Luxembourg and Spain.
Noyan Nihat is proud to be passionate in payments and everything fintech and rewarded by being elected by the industry to the UK Payment Association Advisory Board. This includes sitting on the Cross-border payments committee and mentor to the Inclusion committee which has taken him to Parliament to lobby for consumer rights. He has also been instrumental on presenting to a cross party delegation the Payment Manifesto.
Noyan's experience and focus are the commercial application of virtual IBANS, cross border, open banking and local payment rails as well as FX and card schemes.
He continues to be involved with ensuring there is fairness and practicality in the payments space; recently lobbying for lower limits for the new APP fraud rules which went live in October of this year.
In his spare time, Noyan is also a dedicated Governor of Mill Hill Education Group which includes 10 independent schools, and acts as Director and Trustee of this charity.
Noyan is blessed with a wonderful wife of 29 years and two amazing daughters. He enjoys hiking, travel and rugby.
Connect with Noyan
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Noyan Nihat Consultancy | Kings Buildings, Lydney, Gloucestershire, GL15 5HE