BM Technologies, Inc. Appoints Li Shen as Chief Accounting Officer and Doug Hallett as Director of Enterprise Risk and Audit
September 30, 2021 at 04:01 pm EDT
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BM Technologies, Inc. announced that Li Shen has joined as Chief Accounting Officer (CAO), and Doug Hallett as Director of Enterprise Risk and Audit. In her role, Shen will work closely with other members of the leadership team to ensure the integrity of accounting, financial operations, and external reporting, helping the company scale for the future. Hallett will be responsible for enhancing risk infrastructure to support fintech and bank partners, and lead development and execution of financial reporting and compliance. Shen brings more than 20 years of experience working in global companies in a variety of industries, including finance. Prior to joining BMTX, she served as Vice President of Financial Planning and Treasury and Interim Chief Accounting Officer at Athenex Inc., a global biopharmaceutical company. Hallett has more than 20 years of experience working with banks and bank service providers on a diverse range of internal audit, risk, and compliance-related matters.
BM Technologies, Inc. is a financial technology company. The Company facilitates deposits and banking services between a customer and its partner bank, Customers Bank and First Carolina Bank, (the Partner Banks), which are related parties. The Company provides high-tech digital banking and disbursement services to consumers and students nationwide through a full service fintech banking platform, accessible to customers anywhere and anytime through digital channels. Its banking platform provides access to checking and savings accounts, personal loans, and financial wellness. Its fintech business model leverages Banking-as-a-Service (BaaS) partnersâ and University partnersâ existing customer bases to achieve high volume, low-cost customer acquisition in its Higher Education Disbursement and BaaS businesses.
BM TECHNOLOGIES, INC. 
