Fintilect has appointed fintech expert Richard Fraser as a non-executive director as it continues to deliver the most advanced, AI-powered hyper-personalized digital banking experiences available in the market today.

Richard, who has over 45 years’ experience within the financial technology sector, will work alongside the Fintilect leadership team to launch new solutions for banks, building societies, credit unions and other financial providers. He will also support Fintilect’s ambitious growth strategy by extending its reach into new geographies and verticals, and by looking at available opportunities by joining with industry partners.

Before joining Fintilect, Richard was at FIS Global, where he spent over 14 years as Client Director, Major Accounts, and Managing Director,Global Financial Institutions. Here he oversaw the revenue and growth for the company’s largest global accounts and led major transformation deals, both BPO and ITO, in the areas of core banking, lending, digital strategy and payments. Richard has also held senior leadership roles with companies including Financial Objects, SlaterLabs, Temenos and IBM.

Fintilect, which has a heritage of over 50 years, delivers hyper-personalized digital banking software solutions powered by AI. This unique blend gives financial providers the ability to recognise – and communicate – with customers as unique individuals, leading to vastly improved engagement levels and higher conversion and upselling rates. It does this by harnessing the power of AI and machine learning capabilities to study a customer’s lifestyle and financial habits, together with demographic data such as hobbies, leisure activities and aspirational insights. This rich data set is then analyzed in real time to predict which action will resonate best with a customer, allowing financial providers to adapt, respond, and prosper in an age defined by the increasingly sophisticated digital functionality expected by digitally savvy consumers.

Richard Fraser, Non-Executive Director, Fintilect, said: “Today’s financial consumers expect to be understood as individuals, with their specific lifegoals, ambitions and aspirations fully considered. However, how can this be achieved with the rise of “anonymous” digital banking? Fintilect’s compelling blend of new AI technology and proven digital banking solutions are increasingly providing the answers that financial institutions increasingly need to ensure they can thrive in an ever-saturated environment.”

Rami Cassis, CEO, Fintilect, said: “Richard’s entire career, spanning over 45 years, has been based around financial technology sales. This vast experience is a valuable commodity. I want to welcome him to Fintilect and look forward to harnessing his vast experience as Fintilect enters the next stage of its evolution.”

Related News and Insights