Banking

Tom Shen joins Sensibill as chair of the board

Sensibill has appointed digital banking veteran Tom Shen as chair of the board. He’ll be joined by Corey Gross, co-founder and CEO of Sensibill, David Unsworth, general partner at Information Venture Partners, and Benji Sucher, general partner at Radical Ventures.

Shen’s addition to the board is part of a series of executive appointments designed to help the company fulfil its mission of powering financial institutions with innovative solutions that drive customer value and engagement, while expanding the data streams financial institutions need to forge deeper relationships.

Shen is a proven expert at scaling digital banking services for financial institutions.

He is a proven expert at scaling digital banking services for financial institutions. He was the founder and CEO of digital banking solutions provider Malauzai, which he sold to Finastra in 2018.

Read more: Metro Bank pilots SME receipt management with Sensibill

In 2005, Shen joined the executive team at Digital Insight, an internet banking and payments provider ultimately acquired by NCR Corporation. The first company he founded was Software Dynamics, Incorporated (SDI), a provider of teller and platform automation software that grew to work with more than 1,200 financial institutions before it was sold to S1 Corporation in 2001. The business was later acquired by ACI Worldwide.

“Sensibill is at the precipice of a major breakthrough,” comments Shen. “The company has joined forces with some of the world’s leading financial institutions, and they are highly proficient in a market that is ripe for change.”

Gross adds: “There are only a handful of digital banking innovators of the calibre of Tom Shen. His success building and delivering game-changing digital solutions for financial institutions has been proven time and again. We’re excited to have him join Sensibill as we endeavour to make banking more personal.”

Sensibill has raised a total of $46.5 million and has partnered with the largest financial institutions and digital banking providers in the US, the UK and Canada. It secured $31.5 million in Series B funding in 2019 led by Radical Ventures, with participation from the National Bank of Canada and others.

Suggested reading: Sensibill raises $31.5m for AI-driven banking solution

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