red violet Appoints Industry Executive Jim Greenwell to Lead Identity Division
July 14 2021 - 8:00AM
Red Violet, Inc. (NASDAQ: RDVT), a leading analytics and
information solutions provider, today announced the formal launch
of its Identity division and the appointment of Jim Greenwell as
General Manager.
“As the digital transformation advances, organizations are
increasingly demanding intelligent identity management solutions to
drive frictionless customer onboarding and transactions, with fraud
capture,” said Derek Dubner, CEO of red violet. “As our API-driven
offerings are the backbone of today’s leading identity solutions
providers, we are excited to announce the formal launch of our
Identity division and the addition of Jim’s extensive industry
experience and innovative insights to lead our expansion.”
Greenwell joins the company with deep experience in the digital
identity and mobility space, most recently serving as an executive
adviser to Thomson Reuters and AuthenticID, as well as serving on
the advisory boards of Prove and Gravy Analytics. Jim is the former
CEO of Danal, Inc., having led the company’s growth and innovation
within the mobile identity and authentication space for over a
decade through its sale to Boku, Inc. (LON: BOKU) in 2019. During
his tenure, Jim created successful global partnerships and enduring
customer relationships in a broad range of industries, including
financial services, government, e-commerce, and wireless. One World
Identity recognized Jim as one of the top four CEOs in Identity and
Authentication in 2018 and one of the “Top 100 Influencers in
Identity” in 2019.
Prior to Danal, Jim was CEO and President at ACE*COMM
Corporation focusing on Telecom OSS/BSS software. Prior to
ACE*COMM, Jim was the COO/SVP of the Americas and AsiaPac for LCC
International where he grew the mobile network design business. Jim
began his career as a military intelligence officer in the U.S.
Army where he served in Northern Iraq and Turkey as part of the
Kurdish relief effort following Desert Storm.
red violet’s subsidiary, Interactive Data (IDI), presently
serves leading identity management solutions providers via its
API-driven, consumer identity offerings. Powered by IDI’s
cloud-native CORE™ platform, IDI delivers authoritative, real-time
identity verification and synthetic identity alerting that are key
to fraud capture across the entire customer lifecycle, from account
opening to transactions to ongoing account monitoring. Driven by
IDI’s differentiated, unified data assets, CORE is uniquely
positioned to deliver actionable intelligence in support of instant
identity verification to disparate industries including financial
services, government, retail, online gaming, telco and
insurance.
“While CEO of Danal, I experienced firsthand as a customer the
power of red violet’s solutions,” said Greenwell. “I am extremely
excited to join the red violet team in leading the Identity
division, leveraging red violet’s powerful AI-based technology,
best data in the marketplace, and customer-centric approach to
addressing KYC/AML, verification, authentication and a number of
other digital identity use cases.”
About red violet®
At red violet, we build proprietary technologies and apply
analytical capabilities to deliver identity intelligence. Our
technology powers critical solutions, which empower organizations
to operate with confidence. Our solutions enable the real-time
identification and location of people, businesses, assets and their
interrelationships. These solutions are used for purposes including
risk mitigation, due diligence, fraud detection and prevention,
regulatory compliance, and customer acquisition. Our intelligent
platform, CORE™, is purpose-built for the enterprise, yet flexible
enough for organizations of all sizes, bringing clarity to massive
datasets by transforming data into intelligence. Our solutions are
used today to enable frictionless commerce, to ensure safety, and
to reduce fraud and the concomitant expense borne by society. For
more information, please visit www.redviolet.com.
FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking statements," as
that term is defined under the Private Securities Litigation Reform
Act of 1995 (PSLRA), which statements may be identified by words
such as "expects," "plans," "projects," "will," "may,"
"anticipate," "believes," "should," "intends," "estimates," and
other words of similar meaning. Such forward looking statements are
subject to risks and uncertainties that are often difficult to
predict, are beyond our control and which may cause results to
differ materially from expectations, including whether our newly
launched Identity division will accelerate red violet’s expansion
and innovation within the Identity Solutions market. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which are based on our expectations as of the date of
this press release and speak only as of the date of this press
release and are advised to consider the factors listed above
together with the additional factors under the heading
"Forward-Looking Statements" and "Risk Factors" in red violet's
Form 10-K for the year ended December 31, 2020 filed on March 10,
2021, as may be supplemented or amended by the Company's other SEC
filings. We undertake no obligation to publicly update or revise
any forward-looking statement, whether as a result of new
information, future events or otherwise, except as required by
law.
Investor Relations Contact:Camilo RamirezRed
Violet, Inc.561-757-4500ir@redviolet.com
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