V-Key expands it's team with new Chief Security Architect appointment

V-Key expands it's team with new Chief Security Architect appointment
08.05.2017 09:15 am

V-Key expands it's team with new Chief Security Architect appointment

People Moves

V-Key, a global leader in software-based digital security, announced the appointment of Tony Chew to the position of Chief Security Architect. Tony will spearhead V-Key’s engagement with banking regulators and financial institutions in Asia.

Chew is a recognised thought leader and veteran in the field. In his former capacity heading up the Technology Risk Supervision Division at the Monetary Authority of Singapore (MAS), he led crucial strategic initiatives to steer the course of cybersecurity strategy, implementation, and regulation in Singapore’s financial industry. Subsequently, Chew served as Citibank’s Head of Information Security for Asia Pacific and as Global Head of Cyber Security Regulatory Strategy, overseeing all aspects of information security and implementing voice biometrics for over one million customers in less than a year in Asia Pacific.

“We are thrilled to have Tony Chew join V-Key’s executive management team,” said Benjamin Mah, co-founder and CEO of V-Key. “As governments, financial institutions and enterprises continue to face security challenges in a mobile-first digital economy, it’s imperative that businesses and regulators in each country collaborate to develop regulatory and operating frameworks that facilitate convenience, trust, business confidence, and top of the line security. We are confident that with Tony’s wealth of experience as a regulator and as a leading voice in digital security and biometric technology, V-Key can help build the necessary foundations to unlock the potential of the digital economy.”

“With world-leading technology, V-Key is in a powerful position to lead and delineate a clear path ahead for digitisation, globalisation, virtualisation, and digital security interconnectivity,” said Tony Chew. “This is an urgent need as people increasingly rely on digital services in every aspect of their lives, and security is the foundation on which these services can be delivered by governments, enterprises, and institutions with confidence and assurance.”

Digital security is a rapidly growing challenge, especially in Asia, where Internet adoption, smartphone pervasiveness, and online payment volume and velocity are leading the world. In Southeast Asia alone, according to Google, nearly four million new internet users will come online every month for the next five years, which means the region’s user base will almost double from its current 260 million by 2020. This makes Southeast Asia the world’s fastest growing internet region, with a potential for online spending to increase from $30 billion to $200 billion by 2025 via a digitally savvy mobile first population.

Given the role of FinTech in unlocking the economic potential of Southeast Asia, several countries have taken proactive steps to enhance and evolve regulatory frameworks to support emerging FinTech innovations and ecosystems, including Singapore’s establishment of a Smart Financial Centre, and Malaysia and Thailand’s new equity crowdfunding regulations. With the right regulatory framework, Southeast Asia and its 636 million people are positioned to become one of the world’s top five digital economies by 2025 (AT Kearney 2015).

Related News

Former HSBC blockchain executive joins Contour

Contour, the Singapore-based open trade finance blockchain network, has announced the appointment of Joshua Kroeker as its Chief Product Officer. Joshua joins... Read more »

Finastra appoints Margaret Franco as Chief Marketing Officer

Finastra has appointed Margaret Franco as Chief Marketing Officer. Joining from Dell Technologies, she is based at Finastra’s London... Read more »

Wojciech Stramski has been appointed the new CEO of Beyond.pl

Upon consultation with its CEO Aman Khan, Beyond.pl’s Supervisory Board has resolved to terminate Mr. Khan’s contract in view of unforeseen circumstances precipitated by COVID-... Read more »

Former Citi EMEA CEO Jim Cowles joins RTGS.global as executive director

RTGS.global, the world’s cross-border liquidity network, has announced its... Read more »

BIS Appoints Bénédicte Nolens as Head of the BIS Innovation Hub Hong Kong Centre

The Bank for International Settlements (BIS) today announced the appointment of Bénédicte Noella Nolens as head of the BIS... Read more »

genesis appoints Nick Kolba as Global Head of Platform

genesis, the global capital markets software firm, has further expanded its management team by appointing Nick... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel