Wes Hummel Joins MX as Chief Technology Officer

Thursday, 25/08/2022 | 08:44 GMT by Bilal Jafar
  • He previously spent almost 14 years at PayPal.
  • Hummel has more than 25 years of experience in the technology sector.
Hummel

Yesterday, MX, one of the leading open finance firms, announced that the company has appointed Wes Hummel, the former Vice President, Site Reliability and Cloud Engineering at PayPal, as its new Chief Technology Officer (CTO).

In his broad career of more than 25 years, Hummel led a wide range of international engineering and technology teams. He spent over 14 years at PayPal and served in different positions to facilitate the company’s global expansion. Hummel started his career at PayPal as Software Development Manager and later served in different senior-level roles.

Prior to joining PayPal, Hummel spent approximately eight years at Clarity Communications Systems as a Software Engineer. The newly appointed CTO at MX also worked with Motorola as a Software Engineer for over five years.

“Wes Hummel brings a tremendous amount of experience building and leading high-impact engineering teams at the world’s leading technology and fintech companies,” said Jim Magats, the Chief Executive Officer at MX. “I’ve worked alongside Wes for more than a decade developing financial products that deliver better outcomes for businesses and consumers. He is a proven technology leader with a passion for people development and fostering strong cultures that execute at the highest level.”

Magats recently became the CEO of MX. On top of that, he has joined the company’s Board of Directors.

Technology

MX aims to utilize Hummel’s deep expertise in the engineering and technology sector to develop innovative products and services. Moreover, the company’s new CTO served as a Board Member of the Arizona Technology Council for over two years.

“I am thrilled to be joining Jim and the entire MX team in building the infrastructure to power the open finance economy and bringing together financial institutions and fintechs to drive better customer outcomes and experiences. My passion is in building strong, efficient engineering teams that solve big, complex problems working in tandem with our product, sales, customer experience, and marketing teams,” Hummel said.

Yesterday, MX, one of the leading open finance firms, announced that the company has appointed Wes Hummel, the former Vice President, Site Reliability and Cloud Engineering at PayPal, as its new Chief Technology Officer (CTO).

In his broad career of more than 25 years, Hummel led a wide range of international engineering and technology teams. He spent over 14 years at PayPal and served in different positions to facilitate the company’s global expansion. Hummel started his career at PayPal as Software Development Manager and later served in different senior-level roles.

Prior to joining PayPal, Hummel spent approximately eight years at Clarity Communications Systems as a Software Engineer. The newly appointed CTO at MX also worked with Motorola as a Software Engineer for over five years.

“Wes Hummel brings a tremendous amount of experience building and leading high-impact engineering teams at the world’s leading technology and fintech companies,” said Jim Magats, the Chief Executive Officer at MX. “I’ve worked alongside Wes for more than a decade developing financial products that deliver better outcomes for businesses and consumers. He is a proven technology leader with a passion for people development and fostering strong cultures that execute at the highest level.”

Magats recently became the CEO of MX. On top of that, he has joined the company’s Board of Directors.

Technology

MX aims to utilize Hummel’s deep expertise in the engineering and technology sector to develop innovative products and services. Moreover, the company’s new CTO served as a Board Member of the Arizona Technology Council for over two years.

“I am thrilled to be joining Jim and the entire MX team in building the infrastructure to power the open finance economy and bringing together financial institutions and fintechs to drive better customer outcomes and experiences. My passion is in building strong, efficient engineering teams that solve big, complex problems working in tandem with our product, sales, customer experience, and marketing teams,” Hummel said.

Topics
fintech
appointment
executive moves
About the Author: Bilal Jafar
Bilal Jafar
  • 2440 Articles
  • 79 Followers
Bilal Jafar holds an MBA in Finance. In a professional career of more than 8 years, Jafar covered the evolution of FX, Cryptocurrencies, and Fintech. He started his career as a financial markets analyst and worked in different positions in the global media sector. Jafar writes about diverse topics within FX, Crypto, and the financial technology market.

More from the Author

Executives

FM's Andrea Badiola Mateos at LSEG's Cyprus event

FM's Andrea Badiola Mateos at LSEG's Cyprus event

FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event

FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
More Videos

  • The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar

    The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar

    The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams. 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don't miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

    The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams. 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don't miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

  • Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24

    Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24

  • 🌟 Explore cutting-edge solutions and connect with fintech leaders at FMLS:24!

    🌟 Explore cutting-edge solutions and connect with fintech leaders at FMLS:24!

  • 🤝 Meet industry leaders at the premier event for brokers – FMLS:24. Secure your spot today!

    🤝 Meet industry leaders at the premier event for brokers – FMLS:24. Secure your spot today!