BankingOpen BankingTrovata.io broadens senior leadership and releases mobile app

Trovata.io broadens senior leadership and releases mobile app

Seasoned treasury & compliance executives, Mark O'Toole and Jonathan Tuke, join company to add banking partners during hyper growth.

Trovata.io has expanded its senior leadership team, and also launched a mobile app for multi-bank cash reporting.

Mark O’Toole joined as SVP Strategic Alliances and Marketing. Mark beings over a decade of experience within enterprise fintech focusing on emerging digital solutions. Most recently, he was Managing Director of Cashforce Americas, responsible for all revenue, marketing and strategic partnerships and was previously VP Treasury Solutions of Openlink Financial (now part of ION Investment Group).

O’Toole said: “With the emergence of Open Banking, the treasury space needs a truly modern, big data tech platform to deliver on its potential. I believe Trovata.io is that next-level experience for treasury and finance teams to manage cash. I’m thrilled to join the team at such an exciting time to accelerate our growing network of banking partners globally.”

Jonathan Tuke joined Trovata.io as VP Operations and Risk. Jonathan adds significant depth to the team with an extensive background in bank compliance and enterprise risk management from Capital One and E-Trade.

Brett Turner, Founder & CEO commented: “I’m excited to add Mark and Jonathan to our senior team. Both will allow us to further our partnerships with banks globally and accelerate our goal of automating workflows in treasury and finance for our clients.”

App-based cash position and forecast

Trovata’s new mobile app extends its multi-bank cash reporting capabilities and complements its core web application.

Brett added: “As a longtime CFO, seeing your company’s cash position and forecast conveniently in real time on your iPhone is powerful.”

According to a survey, the potential of mobile devices to offer mobile solutions to corporate treasurers has yet to be fully exploited.

In May, Trovata.io had raised $5.5m in seed funding on its oversubscribed second closing and Square Treasurer Tim Murphy was added to the board.

Built on open-banking and modern big data, Trovata offers real-time data capturing a corporate’s global cash balance, facilitates cash flow forecasting and enables precise cash positioning. The growing tech firm also uses ERP integrations to aggregate data, allowing users to analyse and build reports on cash flows and trends.

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