US digital bank Green Dot appoints SVP Dave Harden as new CTO
- Dave Harden as CTO:
- Dave Harden was appointed as the new Chief Technology Officer (CTO) of Green Dot.
- Internal promotion from SVP of product development, a role held since February 2022.
- Career Background:
- Previously served as a senior product manager at Bridgewater Associates.
- Later became managing director and head of core banking technology transformation at Mitsubishi UFJ Financial Group (MUFG).
- Green Dot Overview:
- Texas-based digital bank founded in 1999.
- Offers financial services including prepaid debit cards, mobile banking solutions, credit, disbursements, and money processing services.
- Focuses on leveraging technology platforms to address financial challenges.
- Technology Focus:
- Harden’s previous experience includes migrating the bank’s cards program to a cloud-based management platform.
- Tasked with working on Green Dot’s direct bank and Banking-as-a-Service (BaaS) partners.
- Strategic Shift:
- Green Dot shifting focus to stability and growth.
- CEO George Gresham expects Harden, a proven technology leader, to efficiently navigate the company through this transition.
- Recent Partnership:
- Green Dot recently partnered with online digital brokerage Stockpile.
- Stockpile uses Green Dot’s BaaS platform to incorporate parental spending controls for minors into its retail investing products.
- Leadership Changes:
- The appointment follows the firing of CEO and president Dan Henry last October.
- CEO George Gresham took over, aiming for stability and growth.
- Earlier leadership changes include the departure of founder Steve Streit in December 2019 and CFO Mark Shifke’s resignation the same month.
