Fortent, a specialist in anti-money laundering, Know Your Customer, and fraud detection technology, announced today the appointment of Kay LaBare as Chief Technology Officer. In addition to leading Fortent’s technology strategy and systems architecture development, Ms. LaBare will manage all product development and technical product marketing for the company.
Ms. LaBare is an experienced technology executive with an extensive background in financial services. Prior to joining Fortent, Ms. LaBare was Chief Technology Officer for Thomson Healthcare and Thomson Investment Banking Group, where she was responsible for systems architecture, infrastructure, and product delivery for all the Group’s portfolio companies. Recently, she led an enterprise-wide technology strategy effort at the NASD.
"Kay’s unique combination of financial and technology experience makes her a valuable addition to our leadership team," said Sandy Jaffee, Fortent’s Chief Executive Officer. "Her technical expertise and vision are great assets to Fortent as we continue to develop new risk and compliance solutions for our clients."
"This is a perfect time to join the company," stated Ms. LaBare. "Fortent is at the leading edge of anti-money laundering, anti-fraud, and Know Your Customer applications and is dedicated to constantly upgrading its technology to provide financial institutions with the best solutions for fighting financial crime today."
Ms. LaBare will lead Fortent’s technology platform strategy, facilitating faster time-to-market for Fortent products and services, cross-product integration, and faster implementation times for customers who are installing the company's new or upgraded systems.