deVere E-Money Appoints Dimitris Litsikakis as New CEO

Lithuania-based deVere E-Money has appointed Dimitris Litsikakis as the company’s new Chief Executive Officer (CEO). He was earlier the Global Head of Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term at deVere Group and was in that position for almost two and a half years.

As updated on his Linkedin, Litsikakis, in his new role, will be responsible to oversee all the company’s all operations and business activities, including long and short-term business strategies and plans.

"As part of the deVere Group, we continue to offer light banking services to our high net worth individuals who are looking to diversify their portfolio with smart investments," Litsikakis told Finance Magnate. "Our plan is to launch a corporate banking feature in the next month and welcome businesses that require advanced banking tools that automate their operations and cut down costs. The future is definitely digital and exciting!"

Time with Leading Fintechs

Litsikakis has extensive working experience in the financial industry over his 16-year long career. He joined deVere in April 2019 after his year-long stint at Revolut, where he was the company’s Country Manager for Cyprus and Malta.

Before that, he was with French financial services company Edenred for six and a half years as the Digital Transformation Manager. There, he was the Digital Strategy and Head of Product Development and was involved in the launch of the company’s digital payment solutions.

Litsikakis holds a Master of Science degree in Project Management from Lancaster University. He started his career in finance with a short stint at HSBC Rail as a Project Planner. He also spent almost four years as a Project Manager at IBM.

Founded in 2017, deVere E-Money holds an electronic money institution operating license issued by the Bank of Lithuania. It is one of the many European fintech trying to solve the expensive cross-currency transfer issues, by offering cheaper money transfer services.