He will help advance Consilient’s growth strategy as the company launches its federated machine learning platform Dozer to help financial institutions counter money laundering, fraud and other financial crimes, the company said Monday.
Consilient was established by K2 Integrity and Giant Oak through a partnership in 2020. The company provides financial institutions with platforms for anti-money laundering and countering the financing of terrorism and works with Intel to help bring to market its federated learning technology.
“Shawn’s entrepreneurial, values-driven, and collaborative leadership approach will be a valuable asset to our team as we expand Consilient’s footprint by bringing federated machine learning to the financial crimes space,” said Gary Shiffman, co-founder and CEO of Consilient and founder and CEO of Giant Oak.
Holtzclaw previously served as a board member and executive director of The Knoble, a nonprofit network of professionals that works to safeguard vulnerable populations from financial crime. He held senior leadership roles at Fiserv (Nasdaq: FISV) and Equifax (NYSE: EFX).
“There is a fundamental demand by financial institutions and regulators globally for greater efficiency, effectiveness, and security of the financial crime risk management system,” said Juan Zarate, co-founder and chair of the board of Consilient and a previous Wash100 Award winner.
Zarate, who also serves as global co-managing partner and chief strategy officer of K2 Integrity, added that Holtzclaw will help the company further advance innovation in the AML/CFT area.