John Hughes, former Partner in charge of Transaction Services at KPMG, has been appointed by VST Enterprises as Chairman of the executive board. The UK startup’s VCode technology allows users to authenticate themselves during online transactions and interactions. It is currently being utilised to protect against fraud, theft and counterfeiting on a range of financial transactions including shopping, gaming, document verification, unattended car park payment systems, identity systems and charitable giving.

Louis-James Davis, CEO of VST Enterprises, says: “John is exactly the right person to act as Chairman for VST Enterprises. He recognises the rising urgency for a solution like VCode and will channel our recent rapid progress into long-term success. Ultimately John will play a key part in enabling us to achieve our goal of eradicating fraud and counterfeiting on physical items with end-to-end traceability, by making VCode a ubiquitous standard for user authentication and access control.”

“At KPMG I saw a number of smart businesses grow from a powerful vision into something very special, I helped foster growth and brought professionalism to bright young ventures. I am looking forward to doing the same for VST Enterprises,” says Hughes, who worked with KPMG for 28 years.

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by Scott Thompson
Scott is Senior Editor at IBS Intelligence. You can follow him on Twitter and contact him at: Scott.Thompson@ibsintelligence.com
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