Finnish fintech Basware names new CIO and head of AI
Finnish fintech Basware has appointed Barrett Schiwitz as its new chief information officer (CIO) and Anssi Ruokonen as director of AI research and enablement to help manage the company’s internal digital transformation and drive its AI product and service strategy.
Basware appoints new CIO and head of AI
Backed by more than 30 years’ experience, Schiwitz joins Basware from tech firm Snap One, where he served as SVP of integration and business transformation.
The company says he will oversee its internal digital transformation projects as it aims to “completely revamp” its systems and data “across all functions, starting with customer facing areas”.
Ruokonen, who was previously chief product officer (CPO) at AI firm Fluentic, joins Basware to lead its AI strategy as the company looks to double down on the technology to enhance its current offerings and develop new products and services to boost business efficiency both internally and for its customers.
Basware is looking to further tap into generative AI in particular, which it says “has the potential to generate upwards of $4.4 trillion across all industries, according to McKinsey”.
Founded in 1985, Basware provides an accounts payable (AP) automation and invoice processing platform built to help firms streamline labour-intensive invoice processes.
The company currently claims to process more than 220 million invoices per year for its worldwide customer base.
