Mangopay appoints Ariel Shoham as Vice President of Risk Product

7 May 2024; Paris, France: Mangopay, a modular and flexible payment infrastructure provider that offers 360° fraud prevention for platforms, announces the appointment of Ariel Shoham as Vice President of Product for Risk. Ariel joins to lead the product vision, strategy and roadmap for Identity and Fraud Protection at Mangopay, including its award-winning cybersecurity solution.

Ariel brings over 25 years of multi-disciplinary experience in AI/ML, E-commerce, Regtech, Fintech and Risk/Fraud Detection and Prevention. He joins from Meta (formerly Facebook) where he established and led the KYC/KYB team, enabling regulatory compliance and financial integrity, and building out its financial compliance platform.

Prior to that, Ariel led product management at Forter including identity and account protection, linking identities and accounts to prevent fraud and abuse, protection against privacy and data breaches, maximising safety and enabling frictionless experiences for authenticated customers. He also co-founded Ed-Tech start-up Smart Sparrow acquired by Pearson.

Mangopay has been providing its modular payment infrastructure since 2013. It delivers frictionless identity verification and 360° fraud prevention to keep platforms safe and protected across every point of user interaction. It acquired fraud detection and prevention specialists Nethone in 2023 to strengthen its offering to clients, adding its proprietary cybersecurity technology, expertise and intelligence.

Ariel, who will lead a team of product experts specialising in risk, joins during a period of growth for Mangopay as the company scales, expanding its product offering to address the needs of the rapidly-growing B2C and B2B platforms.

Commenting on Ariel's appointment, Kirk Donohoe, Chief Product Officer at Mangopay, said: “Ariel has a wealth of experience and expertise across identity, authentication, financial crime and risk, which will help accelerate the development of our user identification and protection products. He joins Mangopay at an exciting time in our journey as we expand our fraud prevention solutions to address the needs of eCommerce businesses, platforms and the financial services industry. I look forward to working closely with him to optimise user experience while safeguarding platforms to ensure security and compliance."

Ariel added: “Mangopay has a unique product-market fit, attracting great customers and adding value for them through data-driven decisions, based on unique financial and behavioural data. At a time when the security of our financial data has arguably never felt more important, Mangopay provides a robust and trusted environment for the platforms we support. I am looking forward to working with the talented team at Mangopay to bring payment facilitation and fraud prevention together to deliver better decision making, increased safety and lower friction for our clients and ultimately provide a best-in-class value proposition for end users.”

About Mangopay Created in 2013, Mangopay empowers the platform economy with its modular payment infrastructure. Built around its programmable e-wallet solution, Mangopay’s end-to-end infrastructure covers platform payment needs, from pay-in and payout to comprehensive fraud prevention and FX, for many platform business models and workflows. In March 2023, Mangopay was named “Best Platform and Marketplace Provider” at the Merchant Payments Ecosystem (MPE) Awards for its best-in-class payment services and its Fraud Prevention solution won a Fintech Breakthrough Award in March 2024.