iProov Names New Chief Information Officer

iProov appears to be looking to further refine its product offerings with the appointment of an important new executive. Miguel Traquina has been named as the company’s new Chief Information Officer.

Traquina started his professional career at Accenture in the 1990s, spending almost 13 years with the company and helping to develop various financial services technology projects in the Europe, Asia, and Latin America regions. In 2006, he became Santander Portugal’s IT Director, and he went on to join Santander UK in 2009, starting as Technology Deliver Director and Digital Transformation Lead and later becoming CIO of Operations for the Financial Crime, Fraud, and Financial Support business unit.

At iProov, Traquina will be responsible for the company’s “Engineering, Platform & IT Operations” activities, and for “End-to-End (E2E) production delivery,” according to the new exectuve’s LinkedIn profile.

“The scale and scope of our technology activities are expanding rapidly,” explained iProov CEO Andrew Bud. “Miguel’s extensive experience with financial technology for a major bank complements and extends our team’s outstanding capabilities, enabling us to innovate and operate on more fronts globally.”

iProov’s efforts to ramp up its technological activities is in keeping with the demand for and excitement about its identity verification platform, which revolves around the use of facial recognition backed by liveness detection to confirm end users’ identities remotely.

In an end-of-year update for 2021, iProov indicated that its revenues had tripled over the previous year, amid other signs of surging demand. Shortly thereafter, iProov reported a $70 million investment from Silicon Valley’s Sumeru Equity Partners; and more recently, iProov was ranked 57th in the Financial Times‘ FT 1000 list of Europe’s fastest-growing companies.

For his part, Traquina expressed excitement about “joining iProov at this exciting time for the organization,” calling it “a company with an ambitious and inspiring mission” to protect people’s online identities. “As we expand our reach and footprint, we must continue to optimize our technology offering for our customers and partners, while vigorously championing consumer privacy and security,” he added.

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April 5, 2022 – by Alex Perala