Fortress Risk Management Appoints David Mitchell as President August 5, 2013, Wethersfield, CT –Fortress Risk Management, LLC (Fortress), the most trusted emerging leader in cloud based Enterprise Risk Management (ERM) Solutions, and its Board of Directors, are pleased to announce the appointment of top technology executive, David Mitchell, as President. In this role, David will lead the company into the next phase of innovation to help the financial services industry overcome the daunting challenges they face addressing the issues of risk management and fraud that has become a global epidemic. Fortress provides Enterprise Risk Management (ERM) solutions to the heavily regulated and fraud prone financial services market. The Fortress platform consists of real-time modular solutions that provide true cross-channel transaction monitoring, behavior analysis, and alerting of all mission critical risk areas for financial institutions. David has over 20 years of leadership experience ranging from early-stage growth-oriented technology companies to billion dollar global enterprises. David joins Fortress from financial technology provider COCC where he held the position of Senior Vice President and Chief Partnership Officer responsible for all corporate and product marketing strategies, as well as all new business development. Previously, David spent over a decade at Open Solutions, a software solutions provider to community financial institutions, and was most recently the Executive Vice President and Chief Product Officer responsible for strategically directing global product management, domestic and international alliances, and all corporate and product marketing efforts. During his tenure with Open Solutions, David held a wide range of executive leadership positions and was named one of the Top Five Chief Marketing Officers of the year in the United States by the CMO Institute. David also held full profit and loss responsibility as Senior Vice President and General Manager of the Banking Division and Senior Vice President and General Manager of the Strategic Solutions Division. David also previously served on the board of the Connecticut Technology Council and was an Executive Chair for the Technology Accelerator Program. “David will be a tremendous asset to Fortress and we are confident that with his substantial financial technology background, he will guide the company to become a leader in this space and help solve the extreme challenges facing financial institutions,” said Sam McKay, General Partner of Axiom Venture Partners and Chairman of the Board of Fortress Risk Management, LLC. "The business model of our financial institutions have been under severe pressure due to rising costs, increased regulatory intensity, high customer expectations, and of course their mounting fraud losses,” said David Mitchell. “Fortress provides a new cloud-based technology platform that is modular, allowing the financial institutions an enviable position to be the leader in addressing these industry challenges. Fortress has assembled top talent, a world class investor group and board of directors, as well as a strong culture of innovation. I am both excited and honored to join the Fortress team as their President.” For more information, please visit fortresserm or contact Sarah Buonfiglio at Investor Relations, sbuonfiglio@blackdragoncap. About Fortress Risk Management, LLC Fortress Risk Management is a leading provider in cloud based Enterprise Risk Management (ERM) Solutions and services to the banking and credit union industry. The Fortress platform consists of real-time modular solutions that provide true cross-channel transaction monitoring, behavior analysis, and alerting of all mission critical risk areas for financial institutions to help eliminate fraud and meet all regulatory and compliance guidelines.
Posted on: Tue, 06 Aug 2013 13:20:50 +0000
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