Finsphere Appoints Michael Millegan to Advisory Board
Former Verizon Global Wholesale president brings broad operational, financial experience to mobile identity authentication startup
BELLEVUE, Wash., March 10, 2015 /PRNewswire/ -- Finsphere Corporation, a leader in mobile identity-authentication services, today announced the appointment of Michael (Mike) Millegan, a retired Verizon Communications Inc., senior executive, to its strategic advisory board.
"Mike brings Finsphere excellent mobile network and telecom expertise to compliment our experience in fraud-prevention technology and financial services -- especially regarding digital media content distribution strategy, which he helped implement globally while at Verizon," said Finsphere CEO Mike Buhrmann. "Additionally, his global business knowledge of building underlying networks to advanced4G wireless is a valuable asset to take our location-based, precision-analytics engine to mobile carriers around the world."
Millegan, a perennial 100 best selectee by leading publications, retired from Verizon last year after spending 33 years with the company and its predecessor GTE. As president of Verizon Global Wholesale, he was responsible for the P&L of its domestic and international wholesale division, growing strategic services revenue and expansion into international markets including EMEA, Latin America, AsiaPacific, Canada and Mexico.
Millegan's appointment follows last month's news announcing the addition of former WAMU and Barclays banking executive Deanna Oppenheimer as a strategic adviser to the company. Finsphere has been focused on building its strategic adviser bench strength and together Millegan and Oppenheimer bring their wireless and financial resources to help the company grow its footprint globally.
Founded in 2007, Finsphere has developed a geo-location precision-analytics engine that enables global financial services companies and enterprises to help protect their customers by securing access to sensitive information, preventing accounts from being compromised and reducing financial loss due to fraud. The company holds a total of 11 patents, including six granted in the U.S.
Finsphere's non-intrusive, privacy enhancing services do not require users to remember passwords or PINs, respond to transaction-verification calls, reply to text messages, receive one-time passwords, carry physical tokens or perform any additional action that interferes with typical financial transactions or access events.
About Finsphere Corporation:
Finsphere is a leader in mobile identity-authentication services, enabling financial institutions, retail payment networks and mobile network operators to protect against fraud and enhance customer experiences. By using a mobile device as a proxy for an individual's identity, Finsphere's sophisticated wireless engineering, geospatial analysis and fraud-analytic capabilities authenticate users non-intrusively in real time. An innovator in this field, Finsphere holds multiple U.S. and international patents in the area of location- and risk-based authentication. Headquartered in Bellevue, Wash., Finsphere is a privately held corporation whose major investors include Mohr Davidow, Shasta Ventures, Frazier Technology Ventures and Vodafone Ventures. For more information, visit http://www.finsphere.com.
Photo - http://photos.prnewswire.com/prnh/20150309/180468
Logo - http://photos.prnewswire.com/prnh/20150217/176123LOGO
SOURCE Finsphere Corporation
Share this article