Fintech entrepreneur Toan Huynh joins Kestra Stephane Langloisformer CIO of Northwestern Mutual Karl Gouverneur and SixThirty Ventures Atul Kamra on the advisory board to focus on business operations and product development
BNY Mellon CIO Innovator and Technologist Ramaswamy Nagappan Joins Latest Funding Round of Next-Gen AI Platform for Financial Advisors
PALO ALTO, Calif., June 7, 2022 /PRNewswire/ — CogniCor, the Morgan Stanley-backed provider of artificial intelligence-based business automation and learning platforms for highly regulated industries, today announced it has been named a fintech entrepreneur Toan Huynh to its advisory board and technology innovator Ramaswamy Nagappanchief information officer of BNY Mellon Pershing LLC, has personally joined the company’s SAFE investment cycle.
CogniCor’s AI-powered front and back office automation platform is currently enabling Fortune 500 financial companies to increase financial advisor productivity and redirect valuable employee resources to focus on growth strategies, relieving pressure from traditional staffing models. The company also recently received an investment from Morgan Stanley and was selected for acceleration by its multicultural innovation lab.
“We are facing an unprecedented shift in financial advisor operations and back-office support structures during the largest transfer of wealth in history,” said Sindhu Joseph, Ph.D., co-founder and CEO of CogniCor. “I am confident that the support of our esteemed members of our advisory board along with Ram’s guidance will enable CogniCor to continue its strategic expansion and targeted product development to help the wealth management and insurance industries thrive. .”
New Advisory Board Member
Ms Huynh served as an investor and advisor for early-stage startups, focusing on SaaS B2B, fintechs and insurtechs, with experience in private equity and venture capital funds. She is a non-executive director for private and public boards. Ms. Huynh is one of the founding mentors of Declare, which seeks to bridge the gender and diversity gap in finance, venture capital and technology. Prior to her venture capital and investment career, Ms. Huynh was a cloud technologist and founder and CEO of GlobalOne/Cloud Sherpas (acquired by Accenture).
Ms. Huynh said, “I am delighted to work with the executive and advisory leadership of Sindhu and CogniCor at this pivotal moment in the history of this industry. The past few years have revealed significant gaps in the traditional staffing model, and CogniCor stands out in this space for its ability to solve these pressing problems with cutting-edge technology.”
The CogniCor Advisory Board also includes:
- Stephane Langloischairman of Kestra Financial, a Texasindependent wealth management platform. He previously served as Chief Revenue Officer and Head of Business Development for Fidelity-backed financial planning software company eMoney.
- Karl GovernorA former Chief Innovation Officer and Head of Digital Innovation at Northwestern Mutual, he has extensive experience supporting technology start-ups in various industries as an executive, coach, advisor and board member.
- Atul Kamra, managing partner of SixThirty. Previously, he was head of advice at Wells Fargo Advisors and president of First Clearing.
- Teacher Ramon Lopez de Mantaras, Former director of the Institute of Artificial Intelligence (IIIA-CSIC), Spain. Teacher Lopez de Mantaras is an international leader in AI research.
Nagappan invests in SAFE Round
Technology and Wealth Management Veteran Ramaswamy Nagappan personally invested in CogniCor under a simple future equity contract (SAFE). Currently Chief Information Officer for BNY Mellon Pershing LLC, Mr. Nagappan has held numerous positions over the past 40 years, including as Managing Director and CTO of iNautix Technologies, Managing Director of DLJ Direct and as serial entrepreneur and investor in the New York City Region.
“I am impressed with CogniCor’s unique value proposition of leveraging AI to create efficiencies in advisory and custodian relationships. The company’s ability to leverage reusable knowledge graphs and develop specific use cases for this technology can solve broken experiences in the financial services industry.” said Nagappan, who oversees BNY Mellon Pershing’s NetX360, the largest custodian platform.
Dr. Joseph concluded, “Integrating widely recognized and successful experts on our advisory board and an expanded team of investors enables CogniCor to refine and execute our vision to leverage our solutions. cutting-edge AI to transform financial services.
CogniCor is a venture capital-backed, women-founded fintech company based in Palo Alto, California which focuses on using artificial intelligence solutions to accelerate the productivity and growth of wealth management companies, insurance companies and other financial services companies across the country. At the heart of the company’s offerings is CIRA, CogniCor’s scalable enterprise platform for deploying and managing AI-powered business automation to help wealth management and financial services to drive customer engagement and business effectiveness. For more information, please visit https://www.cognicor.com/.
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