Green Dot Corp. (NYSE: GDOT), a fintech and registered bank holding company, announced on Monday it has appointed Amit Parikh as new Executive Vice President of its Banking as a Service division. According to Green Dot, Parikh will lead the organization responsible for delivering end-to-end technology and program management to the bank’s banking as a service partners, and building “innovative, seamless, and value-driven” fintech ecosystems.
Green Dot also revealed that Parikh joins Green Dot from Apple, where he worked across the Apple Pay business. Prior to joining Apple, Parikh spent 13 years at Discover Financial Services, where he was most recently Vice President of Global Business Development, responsible for managing relationships with fintech partners, and oversaw the company’s prepaid business. Speaking about his new position, Parikh stated:
“Green Dot is a financial technology pioneer known for enabling payments and banking solutions for some of the most innovative and respected brands in the world. The company’s unique collection of assets coupled with the growing demand for seamless banking and payments solutions present tremendous opportunity for the business, and I am thrilled to be a part of this journey.”
Dan Henry, President and CEO of Green Dot, added:
“Banking as a service is an important growth engine for the future of Green Dot, and Amit’s experience building programs for some of the world’s leading tech and financial services companies, along with his leadership and perspectives on the future of this sector, will fuel Green Dot’s continued rise as one of the nation’s leading innovators in BaaS.”