Top tintech hires
Campos and Leckie boost ID Co team
Lazaro Campos and Scott Leckie
Financial technology company ID Co has appointed banking technology veteran Lazaro Campos as chairman and Scott Leckie as chief technology officer.
The Edinburgh-based company uses live financial data from online bank accounts to facilitate the transfer of information to lenders so they can make decisions based on real time information, rather than on a traditional credit score.
Established in 2010, the company has won some major clients in the UK and North America including a UK bank, Prosper Marketplace, Marlette Funding, OakNorth Bank, eMoneyUnion, and Fair Finance.
Over the last 12-months alone, the volume of transactions handled by the company has grown by 15% month on month.
Mr Campos brings more than 30-years experience in banking technology to his new role. He served as a non-executive director of the ID Co. from 2014 and is co-founder of innovation ecosystem company FinTechStage, a member of the advisory board of financial services company Payoneer and senior adviser to management consulting firm Booz Allen Hamilton.
He also served at SWIFT, the global banking network, in various executive roles and was its CEO from 2007 until 2012.
He said: “The ID Co.’s strong customer acquisition in the last 12-months confirms the attractiveness of its product set and unique positioning ahead of regulatory changes in privacy and bank data access in Europe next year.”
Mr Leckie has 20 years’ senior level experience, including responsibility for product strategy at HotDocs Corporation. Prior to that he served as CTO and VP of support services for Axios Systems, and VP of Operations for Nasdaq-quoted FutureLink.
He said: “The kind of technology we are developing is becoming more and more central to financial operations.
“There is no getting away from the fact the processes surrounding critical transactions, such as mortgage lending, can be drastically improved using banking data.
“It is vital that consumers are empowered to use their data in such a way that they are confident decisions will be fast, safe and convenient as lenders onboard new customers and remain competitive.”
James Varga, chief executive of The ID Co. said: “Both appointments are key to strengthening team through their considerable knowledge and experience of technology and financial services.
“We have undergone significant growth in recent years that will only be further accelerated with PSD2 and Open Banking.”