Miami, Florida - March 6, 2018: iSoftware4Banks, Inc. (iS4B), a global technology and consultancy firm supporting financial institutions in efficient operations and effective financial reporting and compliance worldwide, is pleased to announce the appointment of Barry Tooker as Chief Product Officer & Global Head of Product Management. He will also serve as an Executive Member on the company’s Board of Directors. Barry’s new role will see him direct the overall product strategy and roadmap for the company’s payments and compliance products.
Barry is a recognized expert in wholesale banking and has been involved in operations and systems related projects for global banks and software firms as both a line manager and consultant for more than 45 years. He joins the company from IBM where he was an Offering Manager for IBM’s Financial Transaction Manager for Immediate Payments. Prior to, Barry held positions at both Clear2Pay (currently a FIS company) and Dovetail Systems (currently a Fiserv company), as their Senior Vice President for Payments Product Management.
Mr. Vincent Raniere, CEO and Founder of iS4B, comments: “It is imperative for our clients to remain at the forefront of operational regulatory compliance within their support areas, therefore it is critical that we bring on professionals with deep industry knowledge to deliver the best services and solutions to assist them with this demand.” Raniere continues: “We are pleased to have Barry joining us as an Executive Board Member and Chief Product Officer & Global Head of Product Management. He brings a wealth of experience, thought leadership and expertise with him and will be an asset to our team and clients.”
Mr. Barry Tooker, iS4B Chief Product Officer & Global Head of Product Management, comments: “The roll-out of new payment schemes, coupled with the stream of new rules and regulations, creates a tremendous demand for timely and accurate financial reporting. Financial institutions continue to struggle with challenges posed in meeting their own operational needs as well as customer requirements—both parties having the common goal of reducing fraudulent activities to provide the safety and soundness required to meet regulatory compliance mandates.” Tooker further notes: “I am pleased to join the iS4B team so that I can assist the financial community in meeting their reporting and compliance requirements and provide market insights that will help drive their future products and services.”