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Former Chief Commercial Officer steps up to lead The ai Corporation, as business continues to grow global footprint providing end-to-end payment solutions, specialising in fleet and mobility payments, fraud management, and business intelligence to more than 100 banks, over three million multi-channel merchants and over 300 million consumer cardholders across the globe.
LONDON, Tuesday 16 January 2024: The ai Corporation (ai), the leading provider of payments and fraud management technology, announced today the appointment of former Chief Commercial Officer Piers Horak as its new Chief Executive Officer. Horak brings over 15 years of extensive expertise in enterprise retail payments, banking, and fraud prevention. Over the past five years, Horak has spearheaded ai’s commercial business operations, showcasing remarkable leadership. In his new role, Horak will be responsible for building on ai’s track record of developing innovative technology that allows its clients and their customers to take control and grow profitably by managing omnichannel payments and stopping fraud.
Piers Horak, ai’s new Chief Executive Officer, says: “I am incredibly excited to lead ai further into the rapidly advancing world of fuel and mobility payments. As technology advances and the payments value chain continues to converge in line with customer demand, ai is perfectly positioned to take advantage of the evolution of payment digitations by leveraging our cloud-based, industry-wide payments platform to ensure our customers are primed to seize market opportunity.”
ai’s issuer payment solutions enable fleet and mobility providers to enhance and futureproof their payments business by offering IFSF and EMV-compliant physical, virtual, contactless, and mobile payment capabilities. Those solutions are supported by ai’s suite of unique fraud management solutions and alerting services, enabling fuel retailers and banks to reduce the impact of fraudulent activities, including card cloning, card swapping, and skimming, as well as identifying and stopping fraud before it takes place, allowing those retailers to focus on their core offering and leave transaction security to ai.
Ashley Head, Chairman of The ai Corporation, adds: “Piers has been an integral part of our organisation for the past decade, demonstrating exceptional leadership, strategic insight, and an unparalleled grasp of our industry and our company’s workings. His unwavering commitment to ai and these commendable qualities position Piers as the ideal candidate to guide us into the next phase of advancement and growth. I offer my full support to Piers in his new role.”
Before his tenure at ai, Horak held pivotal leadership roles at Mastercard and DataCash Ltd, demonstrating a consistent track record of fostering B2B commercial growth, instigating innovation, enhancing customer satisfaction, and cultivating a robust team culture. With his wealth of experience and accomplishments, Horak is well-positioned to steer ai into an exciting new phase of innovation and market leadership, particularly within the retail fuel mobility and banking sectors. His strategic vision and proven abilities will be instrumental as he charts the course for the company’s future success and continued growth.
Horak takes over from Dr. Mark Goldspink, who left the CEO role at ai due to health reasons.
Head adds: “I would like to take this opportunity to express my heartfelt gratitude for Mark’s significant contributions to ai over his tenure.”