December 2nd, 2024
Zaandam - Monday 2 December – Actuary.aero, a pioneer in providing transaction level payment data intelligence for airlines, travel agents and other deferred delivery merchants, today announced that its Board of Directors has appointed Livia Vité as Chief Executive Officer, less than two years after she joined the company as Chief Commercial Officer.
The leadership change comes as the company broadens its product offering to serve the growing needs of deferred delivery merchants, including airlines, travel agencies, and other businesses requiring long-lead payment and fulfilment solutions.
In her previous role as CCO, Vité led actuary.aero’s commercial strategy, spearheading key growth initiatives, client and industry partnerships, and customer-focused innovation. Bringing with her 15 years of experience in travel payments, distribution and risk management at IATA, eNett and WEX, under her leadership, actuary.aero revenue grew by over 200% and the customer portfolio has doubled. Now, as CEO, Vité will guide the company through its next stage of growth, with a strategic focus on expanding its reach into the deferred delivery market segment and refining offerings that cater to the unique needs of merchants managing delayed fulfilment timelines.
“As we embark on this new chapter, the Board and I have full confidence that Livia Vité’s visionary leadership and extensive experience make her the ideal person to lead actuary.aero as we expand our solutions to address the specialized needs of deferred delivery merchants,” said Maarten Alleman, Founder and Chief Product Officer. “Her deep understanding of our clients and her dedication to innovation align perfectly with our mission of helping businesses thrive in today’s rapidly evolving marketplace.” Alleman will remain with the company and focus on the product development.
In her new role, Livia Vité will oversee the company’s strategic initiatives, with a focus on helping travel and other deferred delivery merchants grow their businesses by consolidating payment data and providing full visibility across their payments. With many travel businesses currently over-collateralised, actuary.aero’s expanded offerings and data driven actionable insights help these merchants provide their payment partners with a clearer picture of their true exposure. This enhanced transparency enables better working partnerships that optimize cash flow, reduce collateral requirements, and improve payment management for the merchant.
“I am honoured to step into the role of CEO at such a pivotal time in actuary.aero’s journey,” said Vité. “Maarten has done an incredible job bringing the company to where it is today. His understanding of the industry and product vision is unmatched, so his commitment to remain onboard as Chief Product Officer will be instrumental to our continued growth. With this, and our commitment to delivering innovative, reliable solutions, I am excited to lead the company as we develop new tools and strategies that empower airlines, travel agents, and other deferred delivery businesses to grow, work better with their payment providers and optimise payment management.”
As actuary.aero continues to evolve, the company remains committed to bringing end-to-end visibility of payments to create transparency and trust between the parties in the payment ecosystem, ensuring that its customers have the tools and support they need to succeed in an ever-changing global marketplace.
About actuary.aero
actuary.aero provides mutual visibility of shared payment data and risk exposure via a secure communication platform between deferred delivery merchants, acquirers, schemes and other financial providers. Our AI powered dashboards transform existing payment data into actionable insights, empowering merchants, and financial providers’ treasury, risk, and customer teams to make decisions on credit risk management, sales and treasury that grow their business.
An independent and trusted 3rd party provider, actuary.aero has over 15 years of experience handling data, payments, and working with deferred delivery merchants in the travel and ecommerce sectors.
September 23rd, 2024
LeveragingT&E Risk Monitor the collaboration empowers Truevo to unlock cashflow, mitigate exposure, and negotiate better terms with their travel merchants
Monday 23 September – Truevo, a leading payment service provider, today announced a collaboration with Mastercard and actuary.aero to provide Truevo with transaction level visibility through enhanced data insights fortheir travel merchant customers.
Leveraging T&E Risk Monitor, a digital platform that combines secure and permissioned payment, booking and service data to provide greater end-to-end visibility into merchant payments, Truevo will now more confidently be able to manage and release funds and negotiate collateral conditions through data driven insights.
The solution bridges the gap between merchants and their acquiring bank, providing a single source of truth on riskexposure so that the partners can proactively engage to keep commerce flowing, supporting merchant liquidity, and helping to secure the future health of the travel ecosystem.
Lewis Clark, VP & Head of Sales, Truevo, comments: "We are committed to providing our customers with the tools they need to succeed, and the T&E Risk Monitor will help them to boost growth and minimise risk. The collaboration is a win-win for the entire payment industry, and benefits stakeholders across the travel ecosystem, who can now operate with greater transparency and confidence, ultimately contributing to a more flexible and resilient market.”
Chiara Quaia, Senior Vice President, Travel Industries, Mastercard said: “The travel industry is dynamic and fast paced by nature, so the technologies and processes that travel organizations rely on must not only keep up and support but accelerate commercial relationships. Mastercard is advancing an ecosystem of trust, strengthening connections across the travel payments value chain, and co-creating payment solutions that increase security, visibility and control,while driving sustainable growth – ultimately ensuring that payment solutions continue to power the travel economy.”
Building on a long-term relationship with Mastercard to scale industry reach and impact of the T&E Risk Monitor, actuary.aero integrates transaction data from acquirers and booking data from merchants to offer unparalleled visibility and control over risk exposure.
Livia Vite, CCO Of actuary.aero comments: "At actuary.aero, we are passionate about the powe rof data-driven insights. By embedding our analytics into the T&E RiskMonitor, the platform is designed to not only manage risk but also unlock new opportunities for growth and operational efficiency. The collaboration scales the solution across Truevo’s customers, and marks asignificant step toward in fostering a more transparent and resilient payment ecosystem for all stakeholders."
The solution will enable Truevo’s customers to benefit from actuary.aero’s advanced data analytics, including daily updates on risk exposure, customised payout solutions, and enhanced chargeback management.
About Truevo:
Truevo is a multinational payment serviceprovider committed to delivering fast, secure, and seamless payment solutionsfor businesses worldwide. We empower merchants by offering a wide range ofpayment methods, including credit and debit cards, as well as alternativepayment options, to help drive growth and customer satisfaction.
Our dedicated team works closely with clients to streamline the payment process, ensuringreliable and efficient transactions that meet the evolving needs of the digital economy.
Press contact:
Dominic Russell
marketing@truevo.com
About Actuary:
Actuary.aero provides mutual visibility ofshared payment data and risk exposure via a secure communication platformbetween deferred delivery merchants, acquirers, schemes and other financialproviders.
Our AI powered dashboards transform existing payment data intoactionable insights, empowering merchants, and financial providers’ treasury,risk, and customer teams to make decisions on credit risk management, sales andtreasury that grow their business.
An independent and trusted 3rd partyprovider, actuary.aero has over 15 years of experience handling data, payments,and working with deferred delivery merchants in the travel and ecommercesectors.
April 14, 2022
T&E Risk Monitor solution enables acquirers to more accurately assess financial exposure when dealing with travel merchants
Actuary, part of Perseuss Group, today announced a collaboration with Mastercard set to better support acquiring entities across the travel sector with a data-led risk assessment tool. After a successful pilot, the T&E Risk Monitor is being scaled by Actuary in partnership with Mastercard to provide a real-time view of booking status across travel portfolios, increasing acquirer confidence when releasing funds to delayed delivery merchants (DDM).
DDM transactions involve a time delay between when a consumer pays for a reservation and when they board a plane or stay at a hotel. To address the financial exposure acquiring entities experience due to this delay, Actuary is leveraging its travel insights platform and Mastercard’s global travel industry partnerships and experience to launch the T&E Risk Monitor. The solution increases visibility across travel booking and B2B payment flows through interactive dashboards from which customers can run reports and create alerts.
Providing a trusted source of secure booking and payment related data, the interactive platform enables acquirers to make data-led risk decisions, providing greater peace of mind when releasing funds and taking on new travel portfolios. Benefitting the whole ecosystem, travel merchants benefit from automation and transparency over reporting and risk levels, whilst the enhanced visibility supports greater cashflow and liquidity across the travel sector.
Maarten Alleman, CEO of Perseuss Group, said: "Already pre-pandemic, the card acquirers' credit risk conditions were in many cases a major challenge for airlines and other travel merchants. This has been exacerbated by the unprecedented levels of booking cancelations and changes, large scale use of vouchers and operational issues around refunding. Together with Mastercard, we aim to leverage our combined capabilities to restore the much-needed balance between demand and supply in airline and travel acquiring services.”
Commenting on the collaboration Chris Fendley, Executive Vice President – Enterprise Partnerships at Mastercard, said “Mastercard is scaling innovation to help the travel and tourism industry recover and grow, and our relationship with Actuary furthers our commitment to help organizations mitigate financial risk during times of heightened volatility. Through the T&E Risk Monitor, we are bringing together the travel payment industry to increase visibility and assurance, helping acquirers make data-led decisions and enhancing cashflow for travel merchants.”
Media contacts:
Paul van Alfen, paul@actuary.aero
Louise Peace, louise.peace@mastercard.com
The T&E Risk Monitor is available to acquiring entities across all regions, those interested in leveraging the solution should contact radu.jibotean@mastercard.com
About Actuary:
Actuary, part of Perseuss Group, is a fintech company that provides the most accurate, timely and complete risk exposure insights for all stakeholders in the card payment ecosystem.
Actuary provides the actuary.aero platform, which is a highly secured communication platform for open transaction and voucher reporting between travel and other deferred delivery merchants and acquirers. We enhance existing travel data to support acquirer risk and pay-out management, helping our partners to make better decisions in their (credit)risk management, sales and treasury activities. We are the trusted 3rd party providing transparent risk reports to acquirers and merchants, and have 12+years experience in the field of data handling, payments and travel.
Actuary's vision is to enhance trust and transparency in the Deferred Delivery Merchants Payment Ecosystem.
Copyright © 2022 actuary. All Rights Reserved
.png){kind=small}