Arachnys, the leading provider of cloud-based solutions for assessing financial crime and customer risk, and for ensuring compliance for regulatory CDD, KYC and EDD requirements, announced today that veteran professional Edward Sander has assumed the role of President.
Sanders comes with 20 years of executive experience running high growth software organizations, including NICE Actimize, and most recently, Model N, a Silicon Valley-based, cloud software company that pioneered the Revenue Management category.
Greg Meekings, Arachnys Board Chairman and former Thomson-Reuters CIO, said:
David Buxton has demonstrated exemplary leadership as Arachnys’ Founder and CEO for the past 7 years. Under his stewardship, the company has pioneered a new platform for accelerating risk investigations, in the cloud, that reduces cost and accelerates revenue for the world’s top global FIs. We’re incredibly excited to add a global executive of Ed’s caliber to work with David and help drive Arachnys to the next level.
David Buxton, Arachnys CEO, said:
At this juncture in Arachnys’ journey, with the accelerating momentum and adoption for our D3 cloud platform at the world’s top-tier financial institutions, the timing is right for us to bring an operating executive with proven experience building global businesses into the company.
I’m truly thrilled that Ed is joining as our President. His leadership experience, AML domain expertise and proven track record will help us take Arachnys to new heights and I look forward to working closely with him in the years ahead.
Prior to leading Revenue Management firm Model N, Edward Sander spent five years as General Manager of Anti-Money Laundering at NICE Actimize, where he had previously served as Chief Product Officer.
As General Manager of NICE’s Actimize Anti-Money Laundering line he oversaw product creation, solution delivery, go-to-market planning, and client relationship management activities. His expertise in the compliance disciplines of anti-money laundering (AML), know-your-customer (KYC), customer due diligence (CDD) and enhanced due diligence (EDD) is renowned throughout the industry. His skills also extend to portfolio management and new product development across analytics, audit-compliance, business process management, and customer relationship management solutions for the banking, insurance, energy, and life science markets.
Commenting on his new role, Sander said:
I am excited to join Arachnys as President because of our opportunity to help financial institutions transform their customer risk assessment processes.
David has created a company with a truly unique, cloud-based platform that leverages machine learning and robotic process automation unlike anything I’ve seen during my time in the AML industry. I’m fortunate to be joining the company now and partnering with David, and the Arachnys team, to lead the company into its next phase of growth.