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RiskFirst Targets North America Growth With Hire of Former PBGC CEO

Fintech company RiskFirst (A Moody’s Analytics Company) has appointed Charles Millard to develop its North American defined benefit (DB) pensions client base, which includes pension plans, consultants and asset managers. Millard, working in an advisory role based in RiskFirst’s New York City office, will harness his expertise and extensive network of North American pension plans to help grow RiskFirst’s client base in the US and Canada.

RiskFirst provides risk analytics and reporting solutions to the pensions and investment markets through its platform PFaroe, and is firmly established as a market-leader in the UK. RiskFirst has seen significant growth in the US in recent years and is seeking to take this to the next level.

Millard brings valuable experience, having held senior positions within the industry for nearly 20 years, including at the US Government’s Pension Benefit Guaranty Corporation (PBGC), Citigroup and BP Direct Securities. Through his role as CEO of the PBGC – which has a strong focus on the liabilities of corporate pension plans as well as its own liabilities – he is well-positioned to understand the challenges facing the industry, and the value of RiskFirst’s solution, PFaroeDB, in assisting asset owners and their advisors in zeroing in on dynamic measurements of funded status and liability.

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Amex spotlights bank hypocrisy in screen scraping liability row

Credit card behemoth American Express has put the boot into Australia’s Big Four banks over their objections to fintechs using screen scrapers to onboard customers switching services, saying banks themselves use the technology for regtech purposes.

In a stinging submission the Senate Select Committee on Financial Technology and Regulatory Technology, the upmarket payments giant argues that whilst the Consumer Data Right (CDR) “may render screen scraping services obsolete in time…there is still likely to be a significant period where CDR and screen scraping co-exist.”

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Eightfold.ai Appoints Celia Poon as Chief Financial Officer

/PRNewswire/ — Eightfold.

MOUNTAIN VIEW, Calif.Jan. 16, 2020 /PRNewswire/ — Eightfold.ai, the inventor of the Talent Intelligence Platform™, the first AI-powered solution for enterprise talent needs, today announced the appointment of Celia Poon as Chief Financial Officer. A seasoned finance executive with experience in both public and private fast-growing companies in Silicon Valley, Poon joins Eightfold.ai following a year in which the company opened two new international offices, reached over $55 million in total funding, and experienced explosive growth.

“We are thrilled to welcome Celia Poon to our growing executive team,” said Ashutosh Garg, Co-Founder and CEO of Eightfold.ai. “Having worked at both public and private technology companies, Celia has a strong track record in strategic and financial planning, scaling and taking public high growth companies. These skill sets are critical during this time of tremendous expansion for the company,” continued Garg.

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Introducing MogoSpend, a new way to help control spending and earn unlimited cashback, while having a positive impact on the planet

VANCOUVERJan. 16, 2020 /PRNewswire/ – Mogo Inc. (TSX: MOGO) (NASDAQ: MOGO) (“Mogo” or the “Company”), one of Canada’s leading financial technology companies, today announced the launch of its new digital spending account (“MogoSpend”) with Mogo Visa* Platinum Prepaid Card. This is the first product of its kind designed to help Canadians get better control over their spending, while earning best-in-class cashback and having a positive impact on the environment.

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Independent Financial Partners Becomes a Galileo Money+ Banking Partner

NEW YORKJan. 14, 2020 /PRNewswire/ — Independent Financial Partners (IFP), a full-service broker-dealer, registered investment adviser and insurance agency, announced today that its more than 200 affiliated financial advisors across the U.S. will now be able to offer high-interest, FDIC-insured bank accounts to their customers through Galileo Money+.

Galileo Money+, a division of Galileo Financial Technologies, enables financial advisors to compete for the $10+ trillion in low- or no-interest U.S. bank deposits by offering their customers supercharged, white-labeled accounts for spending and wealth accumulation, featuring market-based interest rates tied to the Effective Federal Funds Rate. Galileo, the technology company that powers disruptive innovation for the most forward-thinking fintechs, next-gen financial institutions and investment firms, launched Galileo Money+ last year.

“We want to be the partnership of choice for independent, entrepreneurial financial advisors. That means delivering the best investment products, technology and experiences to our advisors,” said IFP CEO Bill Hamm. “Financial advisors have a massive opportunity to increase share of wallet with existing clients and attract new clients by offering bank accounts, and we’re thrilled that Galileo Money+ enables us to offer this to our growing network.”

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