Elliptic attracts its new CTO from OakNorth

Elliptic attracts its new CTO from OakNorth

Elliptic, a cryptoasset risk management platform, has named former OakNorth employee Jackson Hull as its new chief technology officer.

Hull previously led product, information security, engineering and design teams at OakNorth, helping to build the challenger bank’s credit risk analytics platform. 

Prior to that, Hull was the chief technology officer at UK-based InsurTech platform GoCo Group. Hull helped develop and escape high-volume transactional platforms in heavily regulated markets.

With over 20 years in technology between San Francisco and London, Elliptic believes Hull will bring “significant insight into the challenges faced by Elliptic’s customers”, as well as a passion for building world-class engineering teams.

Hull said, “I’m excited to join Elliptic at a time when investments in the company’s technology stack are allowing us to do things that were previously impossible in this space. Every day we get to help our customers make better decisions and manage down their cost of compliance. It’s great to have the brightest minds in crypto and data on the team.”

 Hull has joined the team just as Elliptic launches its next-generation blockchain analytics engine. It hopes this will establish a new standard for crypto risk management with Holistic Screening.

Speaking on the appointment, Elliptic CEO Simone Maini said, “Having someone with Jackson Hull’s background and experience join our leadership team validates Elliptic’s vision to make a world powered by crypto fairer and safer for all.

“Elliptic is building the next generation of blockchain analytics – and we have the team to do it. We can’t be beaten at scalable, efficient compliance when we combine our unmatched technological capabilities with the unparalleled quality of our team.”

The company helps clients bring compliance to cryptoassets. Its platform helps them manage financial crime risk, meet compliance standards and grow. Its features include crypto wallet screening, crypto transaction monitoring, VASP screening, crypto investigations, holistic screening and asset coverage.

Last year, Elliptic warned that losses from fraud and theft involving DeFi have increased 600% since 2020, reaching $10.5bn in 2021. It also warned that criminals are exploiting DeFi tech in its infancy.

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