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Very Good Safety (VGS) has bought a model new boss. The info safety and compliance platform has appointed Chuck Yu as its Chief Govt Officer.
Vertex Ventures U.S. Normal Companion Jonathan Heiliger, whose agency is a serious investor in VGS, praised Yu’s expertise in monetary providers. “His deep ties within the fintech and funds area will assist advance VGS’ business management place as the corporate appears to be like to assist its purchasers safe vital knowledge and streamline compliance in additional highly effective and progressive methods,” Heiliger mentioned. He referred to as Yu “a transformational pressure.”
Yu’s background contains government management roles at Visa, Level Digital Finance, and TrialPay, the place he was Chief Income Officer. TrialPay was acquired by Visa in 2015. Whereas at Visa, Yu led groups in enterprise improvement, gross sales, finance, and operations. He additionally helped construct strategic partnerships as the pinnacle of enterprise improvement for Visa’s International Fintech staff.
In a press release, Yu underscored VGS’s aim of being a strong steward “of the world’s delicate knowledge.” He added, “I’m wanting to work intently with our proficient staff to forge new strategic partnerships with business leaders, and deeper relationships with the highest manufacturers which have chosen to belief us with their vital monetary knowledge.”
In its Finovate debut final spring, VGS demonstrated its VGS Zero Knowledge Platform. The expertise collects delicate knowledge from finish customers and conducts operations on the information – together with exchanging it with third events. The platform accomplishes this with out permitting the unique knowledge to come back in touch along with your community. This enables corporations to extract enterprise worth from delicate knowledge with out touching it. As such, by enabling companies to “offload” their knowledge safety burdens, Very Good Safety permits these corporations to concentrate on delivering progressive options to their clients.
Very Good Safety has raised greater than $104 million in funding. The agency’s traders embrace Vertex Ventures, Visa Ventures, Andreessen Horowitz, and Goldman Sachs Service provider Banking Division. Headquartered in San Francisco, California, VGS was based in 2015.
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