VANCOUVER, Sept. 10, 2015 /CNW/ - Mogo Finance Technology Inc. (TSX: GO) today announced it has added further depth to its credit risk leadership with the appointment of Carlos Medeiros, CPA, CMA, CRM, MBA, as Vice President, Credit Risk. Mr. Medeiros has 20 years of experience in progressively senior credit risk positions with large corporations. He is a data scientist, recognized in Canada and internationally as an expert in information management and reporting.
Most recently, Mr. Medeiros served as Chief Risk Officer for SNAP Financial, a Canadian leader in home improvement secured loans. Previously, he held the position of Head of HSBC Financial Risk Management at HSBC Finance, a Canadian leader in non-prime and Alt-A mortgage lending. As Head of Risk for the Canadian consumer finance franchise, he was responsible for strategy, policy, analytics, collections strategy and underwriting for all portfolios, with more than $5.0 billion in assets. He was also Chair of the Risk Management Executive Committee. Prior to HSBC, Mr. Medeiros was SVP Planning Director, COO at Itaú-Unibanco, which is among the world's largest banks by market capitalization (NYSE: ITUB). In this role, he was the Officer responsible for all aspects of the company's commercial, SME, and retail credit portfolios (including mortgages, auto loans and credit cards).
"Credit risk and data analytics are core capabilities at Mogo, and we are very pleased to add a recognized expert like Carlos to our leadership team," said David Feller, Founder & CEO of Mogo. "He brings extensive senior-level experience that will be highly valuable to the continued growth of our consumer loan portfolio and our strategic entry into other products such as small business loans and mortgages."
Mr. Medeiros said, "Mogo is transforming the way Canadians access credit, using big data and machine learning to make credit decisioning smarter and deliver a superior customer experience. I look forward to working with the team to grow the business and deliver on the vision of a fully digital financial services platform."
Mr. Medeiros is a Certified Management Accountant (CMA) and Canadian Risk Manager (CRM). In addition, he has received his Masters of Business Administration (Finance) from COPPEAD; LLB from Fluminense Federal University; and BSc in Electronic Engineering from Polytechnique of Rio de Janeiro.
At Mogo (TSX: GO), we are driven by the belief that technology and design can not only transform the way Canadians access financial solutions, but also give them a way to take control of their financial health. Through our online platform, we provide convenience, transparency, a more enjoyable customer experience, and greater value compared with traditional brick-and-mortar financial institutions. Since launching our first online loan product in 2006, Mogo has become the leading online lender in Canada, with over 1 million loans originated and the only full credit spectrum lender. With our ever-expanding portfolio of innovative and socially responsible financial solutions, including our unique Level Up program, free Mogo Prepaid Visa card, and Member Perks program, we're building a digital financial brand for the next generation of savvy Canadians. To learn more about Mogo—recently referred to as the potential "Uber of banking" by CNBC, Toronto Star and others—visit mogo.ca.
SOURCE Mogo Finance Technology Inc
For further information: Craig Armitage, Investor Relations, [email protected], (416) 347-8954