Former Chairman of the Salt Lake City Branch of the Federal Reserve Bank of San Francisco Joins High-Level Advisory Group to Offer Insight into Rapid Changes in the FinTech Industry.
Boise, Idaho (PRWEB) December 14, 2016
Kount Inc., a leading innovator of solutions for fraud and risk management, today announced that CEO Brad Wiskirchen has been appointed to the High-Level Advisory Group of the International Monetary Fund’s (IMF) Interdepartmental Working Group on Finance and Technology (IDWGFT). Wiskirchen will be working with renowned financial technology thought leaders from around the world to inform and guide the IMF’s research on the economic and regulatory implications of changes brought by advancements in FinTech.
Topics the group will address include FinTech’s impact on markets and intermediaries; implications for regulation; international coordination of FinTech products; and balancing stability and efficiency within the industry, among other issues. The IDWGFT research will be then shared among IMF staff in the spring of 2017.
“I am honored and excited to work with the International Monetary Fund by joining an esteemed group of industry leaders to help address the challenges and issues brought by the rapidly developing financial technology sector,” said Wiskirchen. “The opportunities and challenges of FinTech are evolving faster than the regulations and institutional responses to them. Drawing upon my experiences with Kount, I look forward to serving this group and identifying more ways that technology companies can collaborate with international organizations and governments to balance stability with innovation.”
Wiskirchen’s appointment to the IDWGFT advisory group follows his participation in IMF’s 2016 Spring Meetings earlier this year. On a panel titled “Digital Disruptions to the Financial System: Opportunities and Threats,” he and other thought leaders discussed how the rapid rise of cyber risks and their potential to disrupt global financial stability have elevated cybersecurity to a top policy priority, as well as how the financial sector can respond to potential disruptions.
Among his many industry and community involvements, Wiskirchen was the Chairman of the Board of the Salt Lake City Branch of the Federal Reserve Bank of San Francisco in 2014 and 2015. He was a member of that board for three years prior to serving as the Chairman. Wiskirchen also currently serves on the Marriott School of Management’s National Advisory Council, he is the co-founder and former Chair of the Idaho Software Employers Alliance, and has held board and leadership positions with the Boise Metro Chamber of Commerce, the Boise State University Office of Technology Transfer, the Intermountain Venture Forum, and many other organizations.
Kount helps businesses boost sales by reducing fraud. Our all-in-one, SaaS platform simplifies fraud detection and helps online businesses accept more orders. Kount’s turnkey fraud platform is easy-to-implement and easy-to-use. Kount’s proprietary technology has reviewed billions of transactions and provides maximum protection for some of the world’s best-known brands. Merchants using Kount can accept more orders from more people in more places than ever before. For more information about Kount, please visit http://www.kount.com.
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