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Modo Announces Addition of Matthew R. Leavenworth, Former Head of Strategy and Innovation, Global Transaction Services, Bank of America Merrill Lynch

By July 13, 2017 No Comments

Wow, that’s a long title. We’ll call him MRL. Or maybe just Jelly.

DALLASJuly 13, 2017 /PRNewswire/ — Modo, the payments technology company leading the connection of legacy financial services infrastructure to new digital experiences, today announced the addition of Matthew Leavenworth. Matthew is formerly the Head of Strategy and Innovation, Global Transaction Services, Bank of America Merrill Lynch and an Amazon.com alumnus. Modo, which is focused on enabling interoperability between payment systems, will leverage Leavenworth’s extensive payments industry expertise as it continues to create a more connected payments and financial services ecosystem.

Leavenworth (right) with Dee Hock, Founder of Visa, Inc and our newest advisor

“Adding a #paymentsgeek with a track record of building new products to the Modo team simply rocks,” said Bruce Parker, CEO of Modo. “Matthew has more ideas for how to make payments COIN operated than I’ve ever come up with, and he’s seen his fair share of scaled payments platforms. I don’t know if he’s as comfortable with my over commitment to humor. Or nicknames. Or public displays of affection.”

Bruce and Matthew have collaborated on payments innovations for several years, culminating in the partnership between Bank of America Merrill Lynch and Modo announced last October. Today’s announcement marks the formal pairing of the payments duo, who are better together than apart, evoking analogies to peanut butter and jelly.

“Modo’s COIN technology is incredibly powerful, and a unique solution to many of the sticky unsolved problems in the payments marketplace that leave us less connected than we ought to be,” said Leavenworth. “I believe in this team of technologists and industry veterans and the platform they’ve created. Modo is perfectly positioned to spread connectivity across all participants in a payment. We expect to make a significant contribution to our industry, and, in many respects, to the world. The mission and the opportunity is really that big. I’m beyond thrilled to be a part of it. But, I hate peanut butter and jelly.”

The Modo team has pre-stocked the Dallas office with bulk amounts of Lucky Charms and a custom monogrammed Snuggie, as requested by Leavenworth. Given that he is a payments rockstar, these special requirements were to be expected. Leavenworth will officially be trading in his banking suit for a Modo t-shirt and jeans in August 2017.

This announcement comes on the back of a series of wins for Modo. Since the beginning of 2017, the team has:

 

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