Digital ID verification RegTech OCR Labs Global names new COO

Digital ID verification RegTech OCR Labs Global names new CEO

Digital ID verification platform OCR Labs Global has hired Joshua Read as its new COO, as part of its international expansion efforts.

Read joined OCR Labs with over 25 years of experience in leadership of operations, partnerships and sales in software, data and information and communications technology (ICT) organisations.

In the COO role, Read will support and direct the global expansion of the business. His focus will be on building a high-performance culture and optimising business processes to enable OCR Labs to become the global partner of choice for identity verification and compliance.

Prior to joining OCR Labs, Read served as the EVP of sales and partnerships at Yellowfin Business Intelligence International for nearly three years. Read also served as the general manager of partnerships, consumer risk, fraud prevention and identity management at Equifax for six years.

At Yellowfin, Read doubled contract ARR over 24 months, which contributed to the sale of the business at $100m.

OCR Labs Global COO Joshua Read said, “It’s rare to find an opportunity where relationships, corporate culture, and industry experience align. While negotiating a partnership agreement for Equifax, I met OCR Labs Global’s Leadership Team and developed an appreciation for their unique technology and strategic approach.

“At Equifax, I gained a deep understanding of fraud prevention, identity, and know your customer verification challenges as well as the technology and the legislative landscape. With experience growing fintech companies and a vast partner network, I’m eager to help OCR Labs Global become a billion-dollar unicorn.”

The digital ID verification company previously secured €12.5m($15m) in its Series A investment led by Turkish investors Oyak Group to fuel its expansion into the UK and Turkish markets.

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