Mr Chu has previously held leadership roles at giants such as PayPal, Wells Fargo, Yahoo, Citi and LivingSocial.
He is head of BBVA’s San Francisco office for New Digital Businesses, where he has overall responsibility for the group’s governance, budget and strategic direction of its growing global portfolio of fintech businesses.
He is also currently serving on the boards of Simple, Azlo, Covault, Denizen, Upturn, Ingo Money, Boomtown and Opportunity Fund.
David Link, Verrency founder and chief executive at Verrency said Mr Chu’s experience with financial institution will be an asset as the company looks to expand its delivery of its API platform.
“Dickson’s vision, passion and his depth of experience in precisely the area in which Verrency operates are invaluable as we continue our expansion across the United States and overseas,” Mr Link said.
“Dickson’s insights will also be instrumental as Verrency continues to expand its service offerings into data analytics and other services around the moment of payment.”
Mr Chu said Verrency has significant global momentum.
“[Its] innovative enabling platform can be deployed on top of existing payment infrastructure, offering a flexible, low cost and time efficient way for banks and financial institutions to improve their relationships with customers,” he said.
“They solve a global industry problem and I’m excited to be joining Verrency where I can help David capitalise on the urgency among banks, processors and even super apps to better compete for their customers around the movement of payment.”
Verrency has partnered with a number of major institutions, including Volt Bank in Australia, UAE-based Emirates NBD and Columbia’s Banco Davivienda.
Prior to BBVA, Mr Chu was chief product officer and executive vice-president (EVP) corporate development at Ingo Money, where he was responsible for strategy, product management, strategic alliances and M&A.
Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth.
Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio.
Sarah has a dual bachelor's degree in science and journalism from the University of Queensland.