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GLEN ALLEN, Va., July 17, 2024 – Lumio Solutions, a Glen Allen, Va.-based financial technology services firm, and the provider of Lumio Solutions, The Holistic Risk Intelligence Platform™, has named Edward Vincent as its new CEO. Formerly known as Lumio Solutions, LLC, the company has evolved from its origins as a risk consulting firm, to now a SaaS technology company, under the leadership of Vincent. The company has also augmented its C-suite with former financial institution risk professionals including Shawn Ryan, Chief Financial Officer, and Niki White, Chief Growth Officer, to ensure Lumio Solutions is well-equipped to empower institutions with actionable insights to optimize risk.
Joe Maxwell, Managing Partner at FINTOP Capital and Chairman of the Lumio Solutions Board, said, “Lumio Solutions equips banks and credit unions to incorporate risk into their strategic decision-making framework. I cannot think of anyone more qualified than Ed to lead this charge with his talented executive team. Ed’s 25 years of experience in leading reg-tech SaaS organizations, building services and analytics teams, defining and implementing content and product strategy, and innovating products across multiple financial services verticals will prove invaluable as Lumio Solutions begins this new chapter.”
"In today’s fast-moving market, relying on stale risk indicators that are refreshed only quarterly, scattered across disparate systems, or based on outdated call report inputs may meet minimum regulatory expectations, but it is not a strong foundation for risk-informed strategic decision-making,” Vincent said. “The C-Suite, Risk Department, and Board Risk Committee need timely, integrated data to navigate risks effectively and make informed strategic decisions.”
Lumio Solutions' proprietary suite of technology of solutions and methodologies was built by risk pros for risk pros, and its Holistic Risk Intelligence Platform gives practitioners, executives and the Board a panoramic view of risk enabling them to make more informed strategic decisions thereby driving performance on a daily basis.
“Lumio Solutions made a conscious decision to focus on developing a risk-based SaaS solution as today’s banks and credit unions demand constant vigilance,” Vincent added. “Relying on outdated and subjective risk management practices is a dangerous risk, in and of itself. Our Holistic Risk Intelligence Platform removes the friction, cost and complexity from risk and performance management while providing these institutions with the integrated tools and solutions they need to make critical business decisions.”
About Lumio Solutions
Lumio Solutions is a leading SaaS provider of innovative risk management solutions, serving the financial services industry and beyond. Our suite of proprietary technology solutions and methodologies was built “by risk pros for risk pros” and designed to help customers navigate risk and drive growth. Lumio Solutions provides practitioners, executives and the Board with a panoramic view of risk to make informed decisions and drive performance. As a forward-thinking company, we recognize that risk is not just an obstacle, but can also be a catalyst for growth.
For more information, visit lumiosolutions.io, connect on LinkedIn or contact info@lumiosolutions.io.
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