Eldon Richards Joins IDS as Chief Technology Officer

Karthik Subramanian

Karthik Subramanian has been a professional trader and fund manager over the last 18 years. He is basically a software developer who made the transition to financial domain around 18 years back as the attractiveness of the financial markets proved too much for him. He lives in Chennai in India along with his wife and son. He began his career as a software developer in 1999 and then gradually moved into the financial industry as he began trading stocks in his pastime. He then moved into the financial markets full time and then shifted his focus to the FX markets due to the liquid nature of these markets. Since then, he has been trading FX diligently and his favourite pair are the EURUSD and EURJPY. Over the last couple of years, he has found blockchain to be of high interest and considering his background in software and finance, he has since assembled a team of highly talented developers who have since worked on a variety of projects like crypto exchanges and blockchain architecturing. Now, he balances his time between trading and commenting on both the FX and crypto markets. He has worked with many publications including FX Street and Finance Magnates, which has helped him gain experience and also recognition across the industry. He loves to write and this passion has helped him to reach out across the FX and crypto industry. Right now, he works on his pet projects in the FX and crypto industry and spends his time writing and managing his blockchain team and helping it to reach higher.

Eldon Richards Joins IDS as Chief Technology Officer

Eldon Richards Joins IDS as Chief Technology Officer

January 30, 2020

IDSIDS, a leading player in the asset finance market, recently revealed the appointment of a new senior-level executive at the firm. As per the statement released by the firm, it has on-boarded Mr. Eldon Richards to serve as its Chief Technology Officer, making him a member of its executive management team.

To those hearing the name of IDS for the first time, it is a leading player in the fintech industry well known for its asset finance and origination technology products and services. The incoming executive is a veteran with nearly 25 years of experience in enterprise software product development and global technology leadership.

In his new role as Chief of Technology department, Mr. Richards will be in charge of leading the development of all products, including the IDScloud platform, which is based on the market-leading Infolease portfolio management and rapport origination solutions. 

Before taking up his new role at IDS, Eldon served as Chief Technology Officer at Recondo Technology for nearly five years. Recondo Technology is a firm that provides enterprise-grade software as a service (SaaS) platform specializing in revenue cycle management for healthcare organizations.  As Recondo’s CTO, he was responsible for all aspects of the firm’s SaaS technology platform, including the integration of advanced technologies like machine learning and natural language processing.

Eldon is considered a key contributor to the company’s success, which led to the firm’s acquisition by Waystar. Prior to Recondo, he served as Executive Vice President of Product and Technology at PatientPoint for nearly 27 months. He spent the first half of his multi decade long career serving under OptumInsight climbing his way up the corporate ladder. 

He served at OptumInsight for nearly 18 years, starting as a software developer and held other roles, namely – Director Software engineering, IT Director, and Vice President of Software Engineering.

Commenting on Richard’s appointment at the firm, IDS Chief Executive Officer Mr. David Hamilton said, “Eldon’s deep technical expertise, leadership qualities, and extensive experience in disruptive technologies make him a perfect fit for IDS. Eldon will be an invaluable asset as we look to further the functional capabilities of our market-leading products and explore new ways to leverage technology to drive further efficiency, scalability, and innovation for our customers. I am thrilled to welcome him as our new CTO”.

About The Firm: 

IDS is a leading asset finance enterprises to build their businesses on full lifecycle solutions from IDS. Our software streamlines the entire asset finance process from origination, to portfolio management, to end-of-term. Our new cloud-based offerings integrate seamlessly into any asset finance ecosystem.

The scalability, flexibility, and economy of our cloud solution make IDS best-in-class asset finance software accessible to banks, independents, and captives of all sizes. Headquartered in Minneapolis, MN, the company also has offices in the United Kingdom, Australia, Singapore, and India. 



Login To MyTis Comment Or Register to MyTIS


Register now to receive the latest news and information for global trading industry.

Latest Articles


Fondex Expands Funding Methods for Asian Market With Paytrust88

Fondex, the multi-award winning and regulated online CFD broker, has announced the addition of Paytrust88 to its various existing account funding methods, according to a press release. The new partnership …