Trulioo Adds Leigh Ramsden As New Chief Financial Officer

Global identification verification company Trulioo has enlisted former Absolute Software executive Leigh Ramsden as its new chief financial officer, according to a press release emailed to PYMNTS.

Ramsden was previously Absolute Software’s interim chief financial officer. He succeeds Anne Lawlor, who served as Trulioo’s chief financial officer for eight years and is retiring. He will start his new role Nov. 16, the release stated.

Trulioo President and CEO Steve Munford said in the release that Ramsden’s “expertise in building out financial technology infrastructure and optimizing financial performance will help guide us on a continual growth trajectory.”

Ramsden has over 20 years’ experience in the financial analysis and progressive leadership fields, the release stated, and with Absolute Software, he worked on financial planning and analysis function, along with financial technology infrastructure.

He also worked on a recent successful public equity raise for $69 million for the company, including a cross-listing on the Nasdaq. Before Absolute Software, he worked with the technology practices in Deloitte and PricewaterhouseCoopers, the release stated.

“I’m thrilled to be part of the company’s mission to accelerate financial inclusion through verifiable digital identities for the entire global population,” Ramsden said, according to the release. “I look forward to working with Steve and the leadership team to drive strategic growth initiatives, profitability and enhanced value for Trulioo shareholders.”

In separate news, Trulioo has begun offering free identification services to small- to medium-sized businesses (SMBs) because of the high risk of fraud during the pandemic. Chief Operating Officer Zac Cohen said that was the right decision because of the huge transformation that had to take place to help many companies go digital during the pandemic. The shift had to happen quickly at the onset of the pandemic, and because of the fast movement, doors were left open for hackers to take advantage.

Cohen said research had shown that around 22 percent of retailers had been the target of pandemic-related digital fraud. Many companies, he said, don’t have access to the kinds of identity verification services offered by Trulioo and, as such, need the help to continue playing a part in the economy.