Cygnetise, specialists of live enterprise blockchain applications in financial services, announces the appointment of Keith Hale as a Director.
The Cygnetise blockchain application digitises the process of managing authorised signatory lists. It has been adopted globally by those seeking a solution to solve a genuine pain point, which can cost organisations millions and exposes them to fraud.
Keith brings with him a wealth of experience in creating and building successful fintech companies for the investment and security services markets. Keith was previously CEO of Multifonds, a market leader in investment fund software for the alternative and traditional fund industry, which he sold to Temenos, the world’s leader in banking software, for $265m in 2015. He then joined Temenos Executive Management Board. Prior to Multifonds, Keith co-founded Netik, the data management software provider, acquired by Bank of New York in 2004.
As a Director, Keith will play a key role at Cygnetise by providing hands-on support and strategic advice to accelerate sales of the application and the continuous growth of the company.
Steve Pomfret, CEO of Cygnetise, said “Having someone who has mastered selling and implementing software into financial institutions as part of our board will accelerate the growth of Cygnetise. Keith comes with a huge reputation and is well liked across the industry. We are honoured that he is now part of our organisation and is testament to the progress we have already made with our enterprise blockchain solution.”
Keith added: “I’m delighted to join Cygnetise as a Director and advisor. Blockchain is often overhyped, but Cygnetise have identified and implemented a simple but extremely useful initial use case of managing authorised signature lists using DLT based technology. I’m looking forward to helping Steve and his great team, roll-out their solution and grow the business.”
Cygnetise are one of the first, live, enterprise blockchain applications in the world. Industry agnostic and already used in 10 jurisdictions. Cygnetise application mitigates the risk of fraud associated with managing authorised signatories and significantly reduces the administrative burden, resulting in over 90% savings in time and costs.
Cygnetise Press Contact: email: firstname.lastname@example.org, tel: +44 (0) 203 598 3809