VALID Systems Adds 2 Innovative Leaders to Expand its Product Suite

Donna Cichani, a former exec with JPMorgan Chase & Co, has come aboard as senior vice president of product management, and Gaurav Jain, a former senior product manager at Capital One, has joined VALID as senior vice president of credit and product innovation.

Fort Worth-based VALID Systems has added two innovative leaders to help expand the company’s product suite.

Donna Cichani, a former executive with JPMorgan Chase & Co, has come aboard as senior vice president of product management, and Gaurav Jain, a former senior product manager at Capital One, has joined VALID as senior vice president of credit and product innovation.

VALID is an account-based decisioning and machine-learning model provider that works with banks to improve the customer experience and reduce risk.

“We’re delighted to add two true innovators in the banking industry to our team,” VALID Systems CEO John Templer said in a statement. “Donna’s deep expertise in product management will ensure we continue to provide value to our customers, while Gaurav’s experience using advanced technology will keep us on the forefront of banking innovation. I couldn’t be happier to welcome them aboard.”

The company said that Cichani will be responsible for overseeing the enhancement of VALID’s solutions, including its revolutionary InteliFUNDS offering, which enables instant, risk-free check deposits. Cichani began her career at KPMG before spending three years at Chase as vice president and lead product manager.

“When I saw VALID’s amazing technology and how it is revolutionizing banking, I knew that I wanted to be part of this transformative company and help bankers be more successful,” Cichani said in a statement.

VALID said that Jain will oversee the alignment of its account-level decisioning and machine-learning capabilities around new-use cases and will identify new solutions, including how to best utilize bank account data for credit-risk decisioning.

Jain’s career started as a risk analyst intern for Deutsche Bank. Prior to joining VALID, he spent 11 years at Capital One, most recently as head of product marketing and analytics and senior product manager.

“I’m excited to work with such an incredible team whose mission is to help the nation’s banks deliver a better customer experience while managing risk,” Jain said in a statement.

VALID Systems has been providing risk management solutions for some of the nation’s largest financial institutions and other financial service providers for 20 years.

It utilizes behavioral analytics within its supervised machine learning models to provide real-time risk decisions on financial transactions.

The company’s flagship product, InteliFUNDS, enables financial institutions to eliminate risk associated with check deposits while providing their customers with instant access to funds.

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R E A D   N E X T

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