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Ariel Shoham has been appointed as Vice President of Product for Risk at Mangopay, tasked with leading a product vision, strategy and roadmap.

The chief area of focus for Shoham will be for developing Mangopay’s strategy for ID and fraud prevention. In pursuit of these objectives, he will head up a team of product experts specialising in risk.

Shoham joins Mangopay both during a period of growth for the company, but also at a time of heightened fraud risk in the finance and banking sectors. His addition to the firm’s senior leadership follows the hiring of Bertrand Dezard as Head of Sales for Fraud.

Kirk Donohoe, Chief Product Officer at Mangopay, said: “Ariel has a wealth of experience and expertise across identity, authentication, financial crime and risk, which will help accelerate the development of our user identification and protection products. 

“He joins Mangopay at an exciting time in our journey as we expand our fraud prevention solutions to address the needs of eCommerce businesses, platforms and the financial services industry. 

“I look forward to working closely with him to optimise user experience while safeguarding platforms to ensure security and compliance.” 

Shoham’s professional experience spans over 25 years. Mangopay’s new hire has worked in artificial intelligence (AI) and machine learning (ML), e-commerce, regtech, fintech, risk detection and fraud detection and prevention.

His most recent role was at Meta, where he worked on identity and account protection in the Facebook parent company’s KYC division. He was also Director of Product Management at software development firm Forter between 2019-2021.

As mentioned above, various finance and banking stakeholders have been warning of increased fraud activity of late. This includes the likes of TSB, Lloyds and Revolut, whilst the use of AI in fraudsters’ toolkits has also been noted.

Shoham added: “Mangopay has a unique product-market fit, attracting great customers and adding value for them through data-driven decisions, based on unique financial and behavioural data. 

“At a time when the security of our financial data has arguably never felt more important, Mangopay provides a robust and trusted environment for the platforms we support. 

“I am looking forward to working with the talented team at Mangopay to bring payment facilitation and fraud prevention together to deliver better decision making, increased safety and lower friction for our clients and ultimately provide a best-in-class value proposition for end users.”