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InAuth hires former BofA man as chief strategy officer

27 July 2015  |  3130 views  |  0 Source: InAuth

InAuth, the leading provider of mobile fraud prevention and mobile application security, today announced that it has hired information security and financial services industry veteran Michael Lynch as its first Chief Strategy Officer.

Lynch was previously head of Digital Banking Authentication Strategy and Consumer Protection at Bank of America. InAuth is now embarking upon its next stage of growth, including the expansion of its world-class team of mobile and security experts.

Lynch brings two decades of experience in key roles within financial services, consulting, and Fortune 500 companies, specializing in security and technology leadership. He will be primarily responsible for leading InAuth’s new products strategy, along with developing key domestic and international partnerships. In this new role, Lynch will work across the financial services, payments, and other industries to further solidify InAuth’s position as the standard for mobile and online security.

Lynch commented that, "The team at InAuth has been tremendously innovative, particularly in the mobile space. As an evaluator of authentication technologies in my prior role, I knew that their mobile and browser intelligence would be a game changer in fraud prevention and customer protection. It is an exciting opportunity to join this rapidly-growing company and help create a vision for future solutions.”

Prior to joining InAuth, Lynch served as a Senior Vice President for Bank of America, responsible for Authentication Strategy. He served at Bank of America for 14 years in various leadership positions within technology, customer protection, and online and mobile security strategy roles. Prior to Bank of America, Lynch specialized in information technology in various financial services, Fortune 500, and consulting services roles.

"We are excited to welcome someone with Mike’s depth of industry understanding and diverse set of skills and experience to our top team. Having looked at device security from the buying side, his insights will be tremendously beneficial and relevant to the continuing rapid growth of our business," said Lisa Stanton, CEO of InAuth.

InAuth has quickly emerged as the leader for mobile application and browser fraud detection, enhanced authentication, and security.

To protect their users, application publishers embed InAuth’s technology into their mobile apps. InAuth then secures both application data and financial transactions from malicious actors, preventing fraud and data loss. For the Browser, InAuth offers best-in-class accuracy and longevity of device recognition as well as data collection for risking.

InAuth continues to build momentum in the market

Lynch joins InAuth as the company continues to gain significant momentum in the market and on the heels of securing a Series A investment in early 2015 from Bain Capital Ventures. That investment followed a year of record growth, where the company added four of the five largest US banks as customers.

InAuth has offices in Los Angeles, Boston, and London, and is currently embedded in millions of device applications found around the globe.

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