New appointment at Stampify. A few days after welcoming Pierre-Yves Lanneau Saint Léger as Chief Operational Officer ad interim, the fintech is announcing its collaboration with Michael Pechner in an advisory role.
Michael is an accomplished leader with management and executive experience in the financial services industry. The fast-moving world of Fintech startups is one he discovered by becoming one of the leaders in mobile payments in the Luxembourgish market. He had a successful career in corporate banking, having spent 20+ years working with, Citigroup, BNP Paribas Fortis and Barclays/ Barclaycard across London, Amsterdam, Zurich and Brussels.
He is joining Stampify, a startup based in the Luxembourg House of Financial Technology and a recent winner of the StartupsVSCovid-19 call from the Ministry of Economy and Luxinnovation, works on the digitalisation and automation of shareholder registries, board meetings and general assemblies of shareholders in a legally-binding way.
Why have you joined Stampify?
Luxembourg is truly becoming the home to many innovating start-ups, joining the ranks of “startup nations” while focusing on some specific areas such as Fintech and Regtech.
Regtechs in general, and Stampify in particular, are developing solutions to real problems. Stampify’s platform, the straightforward business model and the use of technology, will ensure it’s a success among Regtechs.
Finally, the team. Guillaume and I have crossed paths several times in the past, and I have gotten to know him and Bernard and have appreciated their drive and vision for the company. The team is great and its growth plans are exciting. Joining this startup was a no-brainer (see our article “Pierre-Yves Lanneau Saint Léger named as Stampify’s new COO ad interim“).
“The challenges I see relate primarily to move Stampify from a startup to a scale-up. The vision and opportunities are clear but solid execution will be the key.”
What is your role in Stampify?
I have been invited to provide advisory support to the management team across multiple areas which I plan on doing to the best of my abilities. But to be honest, I see my role as a sparring partner for Guillaume and Bernard, to challenge them in their assumptions and to guide them where needed to get the best results for Stampify.
My experiences will allow me to support Stampify with their Luxembourg and international growth plans and I strongly believe that Europe and potentially beyond provides a clear opportunity for growth.
What will be the major challenges?
Apart from the current COVID crisis, obviously, with less physical meetings, the challenges I see relate primarily to move Stampify from a startup to a scale-up. The vision and opportunities are clear but solid execution will be the key.
Clearly, the competition will not be standing still, and we will need to ensure we get Stampify’s positioning exactly right. Finally, my personal challenge will be to ensure I continue to add value to this talented team.
Tell us more about your vision and values.
Personally, my aim is to work with companies that are transparent and have a solid business case based on value creation. As mentioned, I see that Stampify is able to provide solutions, simple integrations and address the real problems prevalent across all companies.
The ability to digitise validation, signatory and voting processes and workflows, will ensure improved governance and audit trails. I see Stampify as setting the standard and becoming an international norm. I enjoy working with intelligent people, open to challenges with an ability to act as a team.
Photo: Michael Pechner