WASHINGTON — Catherine Allen, president/CEO of BITS, the technology arm of the Financial Services Roundtable, has announced plans to step down as of May 1.

Allen, the founding CEO of BITS, will continue to work in the financial services industry through her consulting firm, the Santa Fe Group. The Santa Fe Group manages the Financial Institution Shared Assessments Program and Payments Partner Group, two programs that initially started with BITS. Allen has served as CEO of BITS for more than a decade.

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