Rapyd Broadens Its Senior Leadership Team with Three New Hires

Rapyd announced that it has broadened its senior leadership with three new hires, naming Casey Bullock as Chief Revenue Officer, Revital Lavie Cohen as Global Vice President of HR, and has elevated LeAnne Hoang to Global Chief Risk and Compliance Officer.

Finance Magnates recently learned in a press release that the three new strategic posts have been filled as Rapyd, a global Fintech as a Service platform, continues to expand its global 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 commonly the basis of exchange involves fiat currency or legal tender, be it in the form of cash, credit or bank transfers, debit, or checks. While typically associated with cash transfers, payments can also be made in anything of perceived value, be it stock or bartering – though this is far more limited today than it has been in the past.The Largest Players in the Payments IndustryFor most individuals, the payments industry is dominated currently by card companies such as Visa or Mastercard, which facilitate the use of credit or debit expenditures. More recently, this industry has seen the rise of Peer-to-Peer (P2P) payments services, which have gained tremendous traction in Europe, the United States, and Asia, among other continents.One of the biggest parameters for payments is timing, which looms as a crucial element for execution. By this metric, consumer demand incentivizes technology that prioritizes the fastest payment execution.This can help explain the preference for debit and credit payments overtaking check or money orders, which in previous decades were much more commonly utilized. A multi-billion-dollar industry, the payments space has seen some of the most innovation and advances in recent years as companies look to push contactless technology with faster execution times. 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 commonly the basis of exchange involves fiat currency or legal tender, be it in the form of cash, credit or bank transfers, debit, or checks. While typically associated with cash transfers, payments can also be made in anything of perceived value, be it stock or bartering – though this is far more limited today than it has been in the past.The Largest Players in the Payments IndustryFor most individuals, the payments industry is dominated currently by card companies such as Visa or Mastercard, which facilitate the use of credit or debit expenditures. More recently, this industry has seen the rise of Peer-to-Peer (P2P) payments services, which have gained tremendous traction in Europe, the United States, and Asia, among other continents.One of the biggest parameters for payments is timing, which looms as a crucial element for execution. By this metric, consumer demand incentivizes technology that prioritizes the fastest payment execution.This can help explain the preference for debit and credit payments overtaking check or money orders, which in previous decades were much more commonly utilized. A multi-billion-dollar industry, the payments space has seen some of the most innovation and advances in recent years as companies look to push contactless technology with faster execution times. Read this Term, disbursements businesses and prepares to launch other offerings.

Along with the ongoing extensive growth that Rapyd has planned, Bullock will be in charge of enhancing commercial enterprise development and strategic global partnerships. Further, Lavie Cohen will recruit and develop the talent and organisational growth strategy to meet the growing demand. Additionally, Hoang will work on collaborating with regulators and navigating the global regulatory frameworks. This will involve compliance with local policies and licensing regimes, and shape Rapyd's global Risk, Compliance, and AML processes and policies.

A Glance at Bullock

For more than two decades, Bullock has gained extensive expertise in building and managing Payments operations. He has spent the last eight years at Worldpay, with half that time in his latest position, Senior VP and General Manager of Global Enterprise eCommerce for North America. Prior to that, he served both Chase and Braintree in VP roles. Although, he originally began his career with CyberSource Corporation. He started as an Account Executive and by his third promotion reached Director of Regional Sales, according to his LinkedIn profile.

Bullock is a welcomed addition to the Rapyd team and is expected to develop promising opportunities in the payments industry. Further, he will strengthen the Fintech’s Enterprise Sales and Go-to-Market strategy.

Lavie Cohen Next Up

Lavie Cohen brings around twenty years of leadership experience in strategic HR and business. Until recently, she was the General Manager at Powerhouse Ventures where she has been working for the last two years. Before that, she was with NSO Group as its Senior Vice President HR & Operations for five years. From January 2012 to September 2014, she served Powermat as its Vice President of HR. Also, Thomson Reuters recruited her in early 2006 as Director of Human Resources, ClearForest. Her first appointment began at VITEC as Human Resources Business Partner, Optibase, according to her LinkedIn profile.

In her new role, Lavie Cohen will be fundamental to the continuous and expeditious growth of the global fintech, Rapyd. She will focus on attracting, developing and retaining global talent. Further, she will oversee employees experience as the company develops its presence on a global scale.

Last Hoang, but Never Least

Another veteran, Hoang also holds two decades of experience in her speciality of Risk and Compliance. She already joined the ranks of Rapyd back in November 2020. After only five months, she received a promotion to Global Chief Risk & Compliance Officer. Prior to Rapyd, she served Cross River as Vice President for a year. Although, the previous position was at Seed.co (acquired by Cross River) as its CCO, CRO & AML Officer was very similar. Moreover, at Linden Lab, she fulfilled the role of CCO & AML Officer. While at Fiserv, she served as the Head of Regulatory Compliance/Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, most brokers employ a risk management department tasked with analyzing the data and flow of the broker to mitigate the firm’s exposure to financial markets moves. Why Risk Management is a Fixture Among BrokersTraditionally the company is employing a risk management team that is monitoring the exposure of the brokerage and the performance of select clients which it deems risky for the business. Common financial risks also come in the form of high inflation, volatility across capital markets, recession, bankruptcy, and others.As a countermeasure to these issues, brokers have looked to minimize and control the exposure of investment to such risks.In the modern hybrid mode of operation, brokers are sending out the flows from the most profitable clients to liquidity providers and internalize the flows from customers.This is deemed less risky and are likely to incur losses on their positions.This in turn allowing the broker to increase its revenue capture. Several software solutions exist to assist brokers to manage risk more efficiently and as of 2018, most connectivity/bridge providers are integrating a risk-management module into their offerings. This aspect of running a brokerage is also one of the most crucial ones when it comes to employing the right kind of talent. One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, most brokers employ a risk management department tasked with analyzing the data and flow of the broker to mitigate the firm’s exposure to financial markets moves. Why Risk Management is a Fixture Among BrokersTraditionally the company is employing a risk management team that is monitoring the exposure of the brokerage and the performance of select clients which it deems risky for the business. Common financial risks also come in the form of high inflation, volatility across capital markets, recession, bankruptcy, and others.As a countermeasure to these issues, brokers have looked to minimize and control the exposure of investment to such risks.In the modern hybrid mode of operation, brokers are sending out the flows from the most profitable clients to liquidity providers and internalize the flows from customers.This is deemed less risky and are likely to incur losses on their positions.This in turn allowing the broker to increase its revenue capture. Several software solutions exist to assist brokers to manage risk more efficiently and as of 2018, most connectivity/bridge providers are integrating a risk-management module into their offerings. This aspect of running a brokerage is also one of the most crucial ones when it comes to employing the right kind of talent. Read this Term – ePayments for three years. She also took on the post of Senior Director / CCO & AML Officer for CashEdge (acquired by Fiserv) between 2006 and 2011. Her earliest position began as a Risk Mgmt/Safety & Soundness Regulator - IT & BSA/AML Specialist for Federal Deposit Insurance Corporation.

Hoang has taken on the challenge and stepped up into the global role as Department Head. As a veteran compliance officer, Hoang brings a wealth of regulatory and compliance knowledge within the finance and fintech industries.

A Word from the CEO

Commenting on the announcement Arik Shtilman, CEO and Co-Founder of Rapyd, said: "I'm happy to welcome the new members of our team, Casey and Revital, and to congratulate LeAnne on her new position, as they take on their new critical roles at Rapyd. Each of them brings strategic value to the company, as Rapyd continues to grow, expand into new markets, and launch new solutions."

"The acceleration of growth that Rapyd has undergone over the past year has created multiple new opportunities for us, and with the new additions to our leadership team we will be well-positioned to seize them and continue our upward trajectory."