Currency Cloud Lands Mitchel Lenson as Non-Executive Director

International Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term engine Currency Cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term, has named former Deutsche Bank CIO Mitchel Lenson as its newest non-executive director, according to a company statement.

Mr. Lenson brings over three decades of experience in the financial services industry to the role, including senior level stints at several big name companies. Presently, he serves as the non-executive director of Nationwide Building Society, having also been Deutsche Bank’s Chief Information Officer between 2000 and 2005.

According to Mike Laven, CEO of Currency Cloud in a recent statement on the appointment, “We are delighted to have Mitchel on board. His breadth of experience and broad perspective on the financial services industry will provide an extremely valuable support to the senior executive team as they shape the strategic direction of the business.”

“I am very much looking forward to this new role, at a company which is truly at the heart of the thriving FinTech community in London. It is exciting to see the range of companies that Currency Cloud has enabled, from across the financial services industry, in their quest to transform the international payments landscape,” added Mr. Lenson in an accompanying statement.

Earlier this month, Currency Cloud made headlines after it had been granted an electronic money (e-money) license by the UK’s Finance Conduct Authority (FCA).