HAMILTON, Bermuda & MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Trunomi, a provider of consent-based Know Your Customer (KYC) data-sharing technology, announces that it has closed a successful first quarter with key additions to its team and the expansion of its platform.
In March, Trunomi added a new chief architect to the team. Kartik Venkatesh joins the company with 15 years of experience in a wide range of fields, including the financial, medical and entertainment industries. In fact, Venkatesh was first approached by Microsoft while he was still in high school. He is a 5X full stack end-to-end architect with expertise in both Microsoft and LAMP/MEAN stacks and excels at building big data and machine learning platforms, analytics solutions, social and collaborative solutions, and cloud and managed services. Venkatesh brings to Trunomi a passion for architecting and delivering secure, web-scale and efficient infrastructure and data solutions.
Trunomi has also expanded its advisory board with the addition of Fred Thiel, CEO and Chairman of the Board of Local Corporation. He provides deep technology industry expertise, strategic advice on generating growth and shareholder value, as well as acquisition strategy development and execution.
“The strategic addition of these experts to our team better position Trunomi to change the face of KYC and data sharing for financial institutions and their customers,” said Stuart Lacey, founder and CEO of Trunomi. “Regulation, data security risks, technology developments and consumer demand are on a collision course that will require organizations to take an informed consent-based approach to the use of customers’ data. Trunomi is poised to give consumers ultimate control of their personal data, allowing them to grant financial institutions permission to access critical information for account openings and transactions.”
Trunomi’s efforts in the space earned it recognition in the 2015 European FinTech 50 ranking, which recognizes game-changers transforming the future of finance. The company was also included in the top 10 finalists in the Best Enterprise Solution category of the Benzinga FinTech Awards. At FinovateEurope in February, the company debuted the only mobile app that empowers financial institutions’ customers to control their personal identification data. The TruMobile app enables financial institutions to integrate their existing KYC and Personally Identifiable Information (Pii) data-reliant processes into an easy to use mobile app.
Through offices in Bermuda, the U.S. and Europe, Trunomi is reinventing the way in which financial institutions interact with their customer's data. Solutions include mobile account opening, know your customer (KYC), data personalization and the delivery of new value-added services that all rely on the access to and analysis of Customer Personal Information. The proprietary Trunomi platform accelerates, simplifies and secures the data collection and sharing process, with a powerful combination of enterprise compliance solutions and mobile technology. This approach enables institutions and their customers to easily create auditable, digitized sets of customer identification data and then simply manage and securely share them anytime, anywhere; in full compliance with international privacy and regulatory requirements.