Provident Financial has announced that David Sear, FinTech veteran and former founder of WorldPay has decided to step down from the board. Sear joined the board a year ago to assist with the development of the group’s strategy in this arena and broader IT direction, the group now finds itself in very different circumstances and with different strategic priorities. Sear has also decided to take on an Executive Chairman role at cross-border payments innovator Entropay.

Malcolm Le May, Executive Chairman said “We are sad that David has decided to step down but completely understand his decision. We would like to thank him for his contribution to the group in a difficult year and in particular for his contribution to its IT strategy where he has helped the group to significantly modernise its approach.”