Movers and Shakers


People on the Move: Leonore Van Waaij, Backbase

Omnichannel digital banking technology provider Backbase has hired Leonore Van Waaij to be the company’s new chief financial officer, heading all of the firm’s financial, legal and compliance operations.

Q&A with Steve Montross, CPI Card Group

For card manufacturers like CPI Card Group, the U.S. transition to EMV continues to be a top priority. But broader trends like the rise of e-commerce and wearables also are shaping a business that goes well beyond plastic.

Company on the Move: The Orogen Group, Launch

Former Citigroup CEO Vikram Pandit and independent investment fund Atairos Group are creating The Orogen Group, a New York-based company that will make controlling and other strategic investments in financial services companies and related businesses.

People on the Move: Karen Richardson, Worldpay

Global payments processor and technology provider Worldpay Group plc has appointed Karen Richardson to the company’s board of directors as an independent non-executive director and a member of the audit and nomination committees, effective July 1, 2016.

Kozlowski Takes Reins at The Bancorp

The board of directors of The Bancorp Inc. and The Bancorp Bank has appointed Damian Kozlowski to leadership roles with both entities. Kozlowski will become CEO of The Bancorp and president of The Bancorp Bank, effective June 1, 2016. He also will serve as director of both units. Kozlowski has served since 2010 as CEO, president and director of Modern Bank, a New York City-based private bank.

Word from the Streit: Green Dot CEO Talks to Paybefore

In the midst of a contentious proxy fight leading up to the May 23 shareholders’ meeting, Green Dot Chairman and CEO Steve Streit spoke with Paybefore about Harvest Capital’s concerns, how he sees Green Dot’s position in the market and when he’d show himself the door.

People on the Move: Gene Fredriksen, Global Forum to Advance Cyber Resilience

Gene Fredriksen, chief information security officer for credit union service organization PSCU, has been selected to help represent the nation’s credit unions in the Global Forum to Advance Cyber Resilience, a public/private initiative bringing together industry, business, government and critical infrastructure leaders to operationalize cyber resilience and cybersecurity.

Company on the Move: TOC, FIDO Alliance

Chilean biometrics company TOC has joined the FIDO Alliance, the association aiming to develop global standards for online authentication based on methods that are more secure than simple passwords.

Companies on the Move: Edge Consultancy 

Edge Consultancy LLC, a new strategic consulting firm aimed at community banks and credit unions, has added several new consultants and leadership positions, including CEO Kirk Kordeleski, former CEO at Bethpage Credit Union.

People on the Move: Raj Seshadri, MasterCard

MasterCard has appointed Raj Seshadri as president, U.S. Issuers. In this new role, she will be responsible for managing and expanding the company’s partnerships with banks and credit unions across the U.S. market.

People on the Move: Mung Ki Woo, OmnyPay

OmnyPay, a provider of one-step loyalty rewards and coupon redemption via mobile, announced that former MasterCard senior executive Mung Ki Woo will be joining OmnyPay’s leadership team in the role of chief partnerships and international officer.

CFPB Fills Leadership Posts

On April 12, the CFPB announced the addition of several new members to leadership positions within the bureau for the external affairs division; the consumer education and engagement division; the student loan ombudsman and Office for Students and Young Consumers; the Office of Small Business Lending; the Office of Consumer Response; and the Office of Supervision Examinations.

Company on the Move: Accuity, New Miami Office

Global risk and compliance and payments solutions provider Accuity has opened a new office in Miami to serve new and existing clients in Miami, Central America, Mexico, Colombia, Venezuela and the Caribbean.

People on the Move: Hyperledger Project, Board Leadership, New Corporate Members

The Hyperledger Project—a collaborative effort, led by the nonprofit Linux Foundation, with the goal of establishing an open blockchain distributed ledger platform that will satisfy a variety of use cases across multiple industries—has announced newly elected leaders of its governing board and technical steering committee, along with new corporate members.

M&A Update: Payoneer Buys Armor; FinTech Studios Acquires iUbble

M&A activity continues apace with cross-border B2B payments firm Payoneer completing its acquisition of escrow services provider Armor Payments. Meanwhile, FinTech Studios, which sells fintech software, has bought iUbble, a 2-year-old company whose own software includes a browser for Web and mobile apps.

People on the Move: Mayer Brown LLP

Mayer Brown LLP, a legal services organization advising clients in the Americas, Asia and Europe, announced that a consumer financial services group of partners has joined the firm, representing an addition to its global financial services regulatory and enforcement practice.

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