Fastacash Appoints Ex-Jawbone Product Head As Its Chief Innovation Officer

fastacash, a global technology enabler of 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 and value transfer through social media and messaging applications, today announced the appointment of former Jawbone product head, Jorgen Nordin, as its new Chief Innovation Officer. Nordin’s appointment seeks to reinforce fastacash’s position as a global leader in social payments for businesses.

The Singapore-based 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 company which closed $15 million in funding last year partners with financial services institutions (FSIs) including banks, remittance and money transfer companies, and mobile wallet providers, to bring domestic and cross-border value transfer capabilities through social media, while allowing them to send, request and make global peer-to-peer (P2P) and person-to-merchant (P2M) transactions.

Nordin brings over three decades of experience and a proven track record in driving consumer-focused innovation. As fastacash’s Chief Innovation Officer, he will lead its innovation agenda as it looks to expand its product offerings and market presence across Asia, Australia, Europe, the Middle East, and North America.

Vince Tallent, Chairman and CEO of fastacash, said: “Large multinationals, including banks with hundreds of millions of consumers, are looking to fastacash to connect and engage with their consumers through our innovative technology solutions. Appointing a Chief Innovation Officer with the energy, vision and background as rich as Nordin’s, positions us very well to redefine the way people transact over social networks.”

Prior to fastacash, Nordin was the former product head at US-based wearables company Jawbone, which is backed by top-tier venture capital firms including Sequoia Capital and Andreessen Horowitz. In his new role at fastacash, he will accelerate its innovation roadmap to continue redefining the way people transact over social networks.