LenddoEFL Appoints New CEO

Financial services democratization company LenddoEFL (a merger of Entrepreneurial Finance Lab and Lenddo) appointed Paolo Montessori as CEO this week. Montessori, who has served as Lenddo’s Chief Operating Officer since 2015, is taking over the role from Richard Eldridge, Lenddo co-founder.

Paolo Montessori

Prior to his work at Lenddo, Montessori was CEO of mobile financial services software developer eServGlobal. In all, he has more than 20 years of multinational experience in financial services, IT, and telecom.

“Paolo has been working closely with me over the last 4 years as COO and has demonstrated all the qualities the organization needs to grow in 2019 and beyond. With his experience in the fintech sector in emerging markets, as a previous CEO of a listed company and his intimate knowledge of LenddoEFL, I am confident that Paolo will take the company to the next level”, said Richard Eldridge, who is staying with the company in a non-executive capacity.

LenddoEFL was formed in 2017 as the result of a merger between psychometric credit scoring company Entrepreneurial Finance Lab (EFL) and alternative credit scoring company Lenddo. EFL showcased its credit scoring tool at FinovateAsia 2012 in Singapore.

Through its efforts to make financial products available to 1 billion people across the globe, LenddoEFL has provided credit scoring and verification to 50+ financial institutions, helping them lend in excess of $2.5 billion to 8+ million people.

Finovate Alumni News

On Finovate.com

  • Kazakh Eurasian Bank Upgrades Cash Tech with Fiserv.
  • Token.io Teams Up with Omnio Group to Boost Open Banking.
  • Financeit to Power Mobile POS Financing for ServiceTitan.
  • Expensify Integrates with Southeast Asia Ridesharing Company Grab.

Around the web

  • The Five Minute Founder podcast interviews Jake Tyler, Finn AI CEO.
  • STRANDS and adorsys expand their partnership for digital transformation for global financial services.
  • Signifyd to power fraud protection for Solupay’s NetSuite SuitePayments.
  • Kony ships Kony Quantum for Microsoft Azure and Kony DBX digital banking suite on Kony Quantum for Azure.
  • Connect Financial Software Solutions partners with CuneXus to offer the CuneXus perpetual loan automation platform to its credit union clients.
  • Georg von Brevern joins Ixaris as Chief Legal and Compliance Officer.
  • Telenor to acquire majority stake in the Finnish telecom operator DNA.
  • Crypterium launches Crypterium SX, an AI-based system that ensures all transactions get the best exchange rates available.
  • Omnio Group and Token.io partner to deliver open banking and PSD2 compliance to Omnio’s financial institution customers.
  • Raiffeisen Bank International partners with Feedzai to bring advanced ML to European banking to fight fraud.
  • Jack Henry’s ProfitStars unveils Gladiator Total Protect, a suite of managed IT, network security, and compliance services to enhance banks’ cybersecurity and compliance management.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com

  • CoverHound to Help Intelligent Customers to Shop Around for Renter’s Insurance.
  • AlphaPoint to Power DCEX, an XRP-Based Currency Exchange.
  • ebankIT to Power Digital Banking for Coast Capital.

Around the web

  • Fiserv forges strategic alliance with cybersecurity firm, BlueVoyant.
  • mBank and Commerzbank to launch pan-European challenger bank.
  • Gartner recognizes i-exceed as a “Niche Player” in its Magic Quadrant for Mobile Application Development Platforms (MADP).
  • Finance Magnates features a profile on the Ledger Nano S hardware wallet.
  • Caja Sullana leverages credit scoring from LenddoEFL to provide young entrepreneurs access to credit.
  • Insuritas to launch a member owned insurance agency for America’s Credit Union and its 47,000 members.
  • NIIT Technologies recognized as ‘Star Performer’ on the 2018 Everest Group PEAK Matrix Insurance Application Services.
  • Glassdoor ranks Kasasa CEO Gabe Krajicek 45th in the Top 50 CEOs at Small and Medium Companies in the United States.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com

  • YUKKA Lab Launches Market Sentiment Analysis Solution, News & Trend Lab.

Around the web

  • Transferwise gains direct access to Bank of England’s interbank payment systems.
  • nCino teams up with VASCO to integrate eSignLive’s e-signature technology into its Bank Operating System.
  • DarcMatter to integrate the NEM blockchain into its platform.
  • Payfone partners with EnStream to expand its Digital Identity Authentication Network to Canada.
  • Customers can pay for shoes online at Payless.com with PayNearMe.
  • Malaysia’s largest credit reporting agency partners with LenddoEFL.
  • YUKKA Lab launches new market sentiment analysis Tools.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.