Lakeba appoints BNY Mellon vice president as Chief Executive Officer of Ezidox

Adrian vallino joins to drive broader digital document custodianship

He joins as Lakeba’s Chief Executive Officer of Ezidox. Focussed on expanding Ezidox as the digital business services platform of choice for financial and ancillary services. Providing the most trusted digital information and document exchange for highly regulated organisations and processes across multiple industries.

Group CEO of Lakeba, Giuseppe Porcelli, says: “We’ve grown into the major league. Our CDR accreditation, some of the biggest banks and lenders as customers, the FT’s ranking as Australia’s fastest Fintech – it all empowers us to attract talent from the big end of town.”

Adrian Vallino has more than 24 years of financial services experience, including Capital Debt Market, SUPER, insurance, and mortgage lending. His expertise lies with working across entire business environments to digitally transform and optimise workflows like the mortgage processing cycle (e.g. from Broker to origination through to settlement).

“The digital momentum’s gaining in Australia, ahead of the rest of the world. Slow at first, since the world first computerised Torrens Title System was introduced back in 1983. But now, the digitisation of land titles has got the industry scrambling,” says Vallino.

“Joining Ezidox gives me the latitude to fix what’s broken in this space by collaboratively resolving the complexities that frustrate efficient digital document execution and custodianship. We’re already leagues ahead with Ezidox’s accreditations.”

Ezidox satisfies the all-important Risk & Compliance requirements of document custodianship. Certified for SOC2 Type 2 and PCI DSS; and accredited for CDR, Ezidox is a ubiquitous digital service platform that meets Australia’s robust industry privacy standards.

Vallino’s near 12-year tenure with BNY Mellon concluded as VP Senior Operating Officer, Digital Transformation Lead and Company Secretary. His role as document custodian, and by leading digital transformation, invested him in aligning the various stakeholders to improve the high-touch, lengthy, repetitive, and costly process of document custondianship.

“Everyone’s got their own requirements and their own approaches. All are committed to a digital renaissance. Ezidox may well be the catalyst for a digital awakening of documents,” says Vallino.

Ezidox is one of 17 businesses built by Lakeba since its formation in 2013. Independently raising over $23M in capital funding. Lakeba’s shepherded three of these businesses to successful exits totalling more than $20M. It currently has 12 active ventures in its portfolio, achieving a Compound Annual Growth Rate (CAGR) of 84.4%, between 2016-2019.

Vallino’s appointment doubles down on Lakeba’s senior financial services talent. Adding to its appointments of Ubank, Judo Bank, eftpos and Citi Bank executive, Alex Twigg; Goldman Sach’s Frank Zhu and Macquarie Bank’s Telly Desillas.

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About Lakeba

Lakeba builds businesses that are optimised for high returns from low investment, at low risk when compared with the start-up sector. It utilises proprietary artificial intelligence (AI), decades of business and technology experience, and scalable shared services, to support each phase of business building. So far it has ‘conceived, created and commercialised’ 15 ventures, of which three have already been spun-out.

The unique Lakeba AI ‘neural network’ ‘conceives’ opportunities by continually interrogating the internet to establish patterns which suggest a business ‘need’ that could be solved digitally. Its entrepreneurs then double check this analysis and determine the viability of the business idea and its commercial potential.

To ‘create’ a venture, Lakeba works with partners, industry, and the wider innovations ecosystem to create digital technologies that eliminate the frictions identified by the neural network. A team of technologists, designers, and entrepreneurs build out the value proposition and establish the business. Lakeba invests its time, capabilities, capital and resources to craft ideas into reality.

‘Commercialise’ is the final stage of the Lakeba process. Once the digital proof of concept delivers on its promise, it is enhanced with radical intelligence. Working with partners, investors and the customers, Lakeba’s team refines and optimises the operations and distribution to rapidly commercialise the venture. This ensures the business continuously delivers value to customers as it scales and diversifies across industries and the globe.

Lakeba Group was founded by Giuseppe Porcelli, Entrepreneur and Visionary of Future Technology.