Feedzai, a provider of anti-fraud and financial crime software, this week appointed David Larson as its new chief financial officer. Founded in 2011, Feedzai’s RiskOps platform protects approximately one billion people, analyzing more than $6 trillion in payments at 3,000 transactions per second to prevent fraud.
Larson joins from Thomson Reuters, where he spent nearly 15 years, most recently as chief strategy officer. He brings experience in global finance, corporate development and mergers and acquisitions in large-scale businesses with multiple product lines. Feedzai said Larson was also integral in creating the Governance, Risk and Compliance division for Thomson Reuters, including the acquisition of World-Check (a database used around the world to help identify and manage financial, regulatory and reputational risk and perform KYC) now owned by LSEG.
“His M&A and strategy experience will help Feedzai take advantage of the market opportunity to be a consolidator in the industry,” Feedzai said in a statement. “As Feedzai’s CFO, David will be responsible for managing all global financial actions of the business, reporting directly to Feedzai’s founder and CEO, Nuno Sebastião.”
“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,” Larson said. “Feedzai’s impressive technology is the solution to staying one step ahead of the criminals. I’ve long admired Feedzai, and it’s an honor to join the team building a category-leading product in the RiskOps space to help organizations streamline all aspects of customer risk management and protect billions from the perils of financial crime.”
“David’s impressive global leadership experience will be pivotal for (us) 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,” Sebastião said. “We have bold ambitions 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 realizing those goals. David is the perfect hire to help drive this growth and I look forward to working with him closely.”
