13 December 2017
visit www.avoka.com

Identrus appoints Karen Wendel as CEO

22 May 2003  |  5294 views  |  0 Identrus appoints Karen Wendel as CEO

Bank-backed digital trust network Identrus has appointed Karen Wendel as chief executive officer.

Identrus lost its first CEO in June last year following its merger with the Digital Signature Trust company, a US-based network with a strong focus on the application of certification services in the public sector.

The appointment of Wendel is being billed as a 'turning point' for Identrus, which has so far struggled to enthuse the wider corporate and government market about the potential benefits of the trust network, despite its big bank backing. Lack of interoperability between Identrus' B2B payments project Eleanor and Swift's E-Payments Plus initiative has also slowed momentum.

Wendel joins Identrus from eFinance Corporation, an applications development outfit providing risk and credit decisioning solutions. She was previously a partner at Capco in Belgium where she led the growth of the firm's e-finance practice, including raising capital and building out the required team and infrastructure to serve global financial institutions in Asia, Europe and Latin America. Prior to that, Wendel led the US financial services practice of Gemini Consulting where she developed and managed global accounts.

At Identrus she has been charged with expanding the network and accelerating digital certificate usage globally. Additionally, Wendel will be given the backing for capital raising projects to spearhead strategic alliances and acquisitions.

Doyle Arnold, executive vice president and CFO at Zions Bancorporation and member of the Identrus board of directors, believes Wendel's depth of experience "will help Identrus to sharpen its focus and deliver greater value to Identrus banks, the corporate sector and government agencies".

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Merrill Lynch signs managed security deal with VeriSign

Merrill Lynch signs managed security deal with VeriSign

22 May 2003  |  3582 views  |  0 comments
External threat to bank IT security

External threat to bank IT security

16 May 2003  |  7663 views  |  0 comments

Related company news

 

Related company information

IdenTrust

Related blogs

Create a blog about this story (membership required)
visit www.aciworldwide.comvisit www.response.ncr.comvisit www.solutions.lexisnexis.com

Top topics

Most viewed Most shared
Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at $60k next year before spectacular crashSaxo Bank's 'Outrageous Prediction': Bitco...
12140 views comments | 7 tweets | 7 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
9327 views comments | 16 tweets | 22 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
7922 views comments | 17 tweets | 35 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
7334 views comments | 8 tweets | 17 linkedin
Alior Bank to use Open API platform and accelerator to create fintech marketplaceAlior Bank to use Open API platform and ac...
7169 views comments | 20 tweets | 11 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job