Coadjute has announced the appointment of Dan Salmons, the former director of innovation at RBS, as its new chief executive.
Following successful customer trials last year, Coadjute has brought in Salmons to accelerate, launch and scale its innovative property network. Salmons will be based in London and will now take overall responsibility for the leadership of the business including the development of its blockchain platform.
Coadjute’s blockchain platform is an open network which connects the businesses that take part in property transactions. It enables the people involved in the property process to share messages and documents, and synchronise events and alerts rapidly and securely with other parties on the network. Property businesses can use their existing systems and processes while experiencing a real digital property transaction. The aim is to help them to reduce costs, improve business resilience, increase revenues and transform the customer experience.
Before joining Coadjute, Salmons led RBS’s multi-million-pound investment in mortgage APIs, projects to digitise and automate the broker and customer experiences, and initiatives in AI and blockchain.
Salmons has spent more than 25 years in the banking sector, where he has led innovation and growth at a series of privately owned and listed businesses in the UK and internationally. Prior to RBS, he was managing director for mobile and online at PayPoint, where he was responsible for the growth and sale of two FinTech businesses: the global parking app, PayByPhone, and European payment service provider, Pay360. He was also global innovations director at Barclaycard, European VP of strategy at Capital One, and CEO (Europe) at ?What If! Innovation.
Salmons, said: “The potential of Coadjute’s blockchain technology in the housing market is tremendous. Coadjute has a vision of a property market where all the parties involved – lenders, brokers, estate agents, conveyancers and many others – can work together truly seamlessly. In these difficult times, it’s inspiring to become part of a company which is at the forefront of helping revitalise and strengthen the housing market through the application of the best technology.”
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