AppTech Corp. a fintech company, announced today the retirement of Michael Gross and appointment of Michael Yadgar to the Company’s Board of Directors. Mr. Yadgar is a corporate lawyer and strategic advisor. He currently serves as a member of the Board of Directors of nDigital Holdings SPC, a holding company for operational fintech assets; nDigital Ventures, a holding company for fintech investments and joint ventures; NEC Payments B.S.C. (“NECP”); and Apiso W.L.L. (“Apiso”).
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Virgil Llapitan, AppTech President & COO, stated, “With more than 20 years of experience counseling and directing clients on general corporate, acquisition, divestment, strategy, and investment matters, Michael will play a pivotal role on our Board during this time of expansion and acceleration. We are very fortunate Michael accepted the invitation given his in-depth, well-rounded expertise across our industry and we welcome him aboard.”
In addition to Mr. Yadgar, Andrew Sims will also join AppTech’s Board as an observer. Mr. Sims is a co-founder, board member and the Chief Executive Officer of nDigital Holdings SPC and its subsidiaries including NECP and Apiso. NECP is a licensed and regulated digital banking and payment technology company that provides innovative Banking-as-a-Service and digital financial services technologies to power high-performance, flexible, and secure digital banking and payments products. NECP recently received the accolade of “Best Digital Banking Technology Innovator” in the Middle East 2021.
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As previously announced, AppTech and NECP have entered into a strategic partnership to deliver a FinTech ecosystem that incorporates embedded payments, banking and financial services capabilities to power digital commerce experiences for clients. In addition, AppTech offers these forward-thinking financial institutions, technology companies and SMBs operational efficiencies such as automated financial controls and reconciliation to reduce or eliminate manual administration.
Luke D’Angelo, AppTech Chairman & CEO commented, “Though we will greatly miss our long-time board member, Mickey Gross, we are happy to have Michael and Andrew join us. This is an exciting time for AppTech!”
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