Anti-fraud and fincrime solutions developer Feedzai has appointed David Larson as its new Chief Financial Officer (CFO), highlighting its new hire’s operational experience.
Amidst a changing fraud landscape, with many perpetrators emboldened by and equipped with AI-derived techniques, Feedzai is looking to scale its global operations using its own AI solutions.
As CFO, Larson will report to Feedzai CEO, Nuno Sebastião, and will be tasked with managing the firm’s global financial operations. He joins the company after a 15 year tenure with Thomson Reuters, vacating his final role of Chief Strategy Officer.
Larson remarked: “The alarming rise of financial crime is not showing any signs of slowing down and we need real, innovative solutions to stop fraudsters in their tracks. Feedzai’s impressive technology is the solution to staying one step ahead of the criminals.
“I’ve long admired Feedzai and it’s an honour to join the team building a category leading product in the RiskOps space to help organisations streamline all aspects of customer risk management and protect billions from the perils of financial crime. I look forward to being a part of this growth journey.”
Feedzai has highlighted Larson’s experience of M&A and strategy of being of particular value for its business vision. Whilst at Reuters, Larson played a role in the acquisition of the World-Check database and creation of the firm’s Governance, Risk and Compliance division.
He joins Feedzai as the firm looks to build on momentum experienced in FY24, with the Portuguese company reporting 88% year-on-year growth for its behavioural biometrics business. The company counts some notable payments and fintech stakeholders as clients, including Mastercard and Form3.
Sebastião said: “David’s impressive global leadership experience will be pivotal for Feedzai as we enter this next phase of growth and seek opportunities to consolidate across our space and explore potential M&A activity, as we execute on our vision of being a ubiquitous financial crime risk management service which is core to the architecture of every financial service provider.
“We have bold ambitions for Feedzai as we continue our mission to use AI to keep consumers safe and protect millions from fraud and financial crime. A world-class leadership team is essential in realising those goals. David is the perfect hire to help drive this growth and I look forward to working with him closely.”
