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Encap Security forms advisory board with financial services leaders


Industry experts have been appointed to strengthen future decisions and drive business expansion

Oslo & Palo Alto, 22nd October 2015Encap Security, provider of uncompromising authentication for financial institutions, announced today that it has created an advisory board made up of global experts with a vast array of experience within financial services. The formation will enable Encap to accelerate its growth under the guidance of seasoned industry professionals.

The new members of the board include Paal Kaperdal, Roy Vella, and Stephen R. Katz pioneers in digital banking, mobile banking and financial security respectively.

Paal most recently served as Head of Digital Channels and Senior Vice President at TD Bank Group. With over 20 years of experience, Paal has created and implemented a number of successful digital channel strategies for financial services, leveraging integrated online and mobile capabilities. He is a trusted advisor for established and emerging US and Canadian fintech companies.

Previous to starting his own independent business consultancy, Roy Vella worked for RBS and held the position of Director of Business Development at PayPal. Across both, he developed strategic operations for new financial products and services. Specialising in mobile efforts within established financial institutions, Roy is a digital service expert and skilled in the art of managing joint venture partners.

Having worked in the financial services industry for over 35 years, Stephen R. Katz has been directly involved in establishing, building and directing information, security and privacy functions. Formerly the industry’s first Chief Information Security Officer (CISO) at Citibank, Stephen understands directing, organising and instituting company-wide privacy and security programs. He was appointed as the first Financial Services Sector Coordinator for Critical Infrastructure Protection by the US Department of Treasury.

“By creating an advisory board with experienced practitioners such as Paal, Roy and Stephen we are investing in the future,” said Thomas Bostrøm Jørgensen, CEO, Encap Security. “The financial services market is going through a period of unprecedented upheaval that presents lucrative opportunities as well as threats. Our board will help us to navigate this ever-shifting landscape with maximum efficiency to ensure that we make the right decisions.”

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About Encap Security
Encap Security provides uncompromising authentication for financial institutions. It uses smart device capabilities to transform authentication from an obstacle into an enabler of financial services innovation.

Encap’s Smarter Authentication platform turns any device into a security credential removing the need for cumbersome and costly SMS codes and hardware such as tokens and SIM-cards. It makes authentication simple for users, and enables innovation, reduces risk and drives service adoption for institutions.

Based in Oslo, Norway, and Palo Alto, USA, Encap Security’s world class management team has an unrivalled pedigree in mobile banking, finance, enterprise and remote access security. Its patented solution is used by major banking institutions such as Santander, EnterCard and Sparebanken Vest.