DriveWealth Names Terry Angelos as Global Chief Executive Officer

DriveWealth, an international financial technology infrastructure company, has recently announced the appointment of Terry Angelos, the former Senior Vice President and 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 and Crypto at Visa, as the company’s new global Chief Executive Officer (CEO).

DriveWealth noted that Angelos will facilitate the company’s global expansion plans. In the past few years, Drivewealth has established its presence in different locations around the world amid the growing demand for its products and services.

Angelos has more than two decades of experience in the corporate sector. He previously spent nearly 16 years at TrialPay. At Visa, Angelos worked for almost 7 years in different senior-level positions.

"Today, there are over one billion people who access banking and financial services via digital wallets, and neo banks and digital consumers are increasingly investing in U.S. equities from inside these apps. DriveWealth's APIs and fractional share ownership model is the leading choice to power this digital investment experience.

“High minimums and whole share purchases have prevented access to U.S. equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term and the ability to start investing with small dollar amounts was the most frequently cited motivator to start investing according to a recent DriveWealth survey. I look forward to joining this team to create meaningful change in the financial lives of millions of people worldwide,” said Angelos.

2021

DriveWealth has witnessed rapid growth recently. The fintech services provider termed 2021 a 'transformational year' for the company after growth of more than 100% in international business. According to the firm, over 100 global financial technology companies and challenger banks are using its APIs.

“DriveWealth is on the threshold of its next stage of growth,” said Bob Cortright, the Founder and current CEO of DriveWealth. “As I transition to my new role as Executive Chairman, I look forward to working alongside Terry to revolutionize embedded investing worldwide.”

Recently, South Korea’s Toss Securities added DriveWealth’s investment APIs to its repertoire.