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MPOWER Financing appoints director of engineering

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Parimala Pakalapati, a financial technology executive with more than a decade of fintech and startup experience, has been appointed director of engineering of MPOWER Financing.

Pakalapati will oversee the company’s global engineering team, drive technology initiatives and work closely with internal and external stakeholders to establish technology solutions at a business and technical level.
 
“Parimala brings a wealth of knowledge in the fintech and startup spaces to MPOWER Financing and will help develop a clear vision for the company as we continue to explore new technology paths,” says Manu Smadja, CEO and co-founder of MPOWER Financing. “Her passion for systems design combined with her financial services experience make her an invaluable member of our team. Even as a consultant to the company this past spring, Parimala made a major contribution to MPOWER Financing as she helped lead our technology team during the successful launch of our updated application process.”
 
Prior to joining MPOWER Financing, Pakalapati served as a consultant for various fintech startups, including First AI, True Trade and trueEX, where she helped determine technology stack and managed technology operations. Earlier in her career, Pakalapati was a systems architect and manager at Intercontinental Exchange Inc, designing trading and clearing platforms and working closely with product, development and quality assurance teams to launch new products. She also served as a business systems analyst at Creditex Group, a leading electronic venue for trading credit default swaps, where she oversaw infrastructure and systems design and built two data centers in New York and London.
 
Pakalapati is interested in artificial intelligence and block chain technology and plans to explore how MPOWER Financing can leverage them to further enhance its lending platform.
 
“As a former international student with first-hand knowledge of the challenges international students face, I was drawn to MPOWER Financing’s mission of helping promising students from around the world to complete their education,” says Pakalapati. “I look forward to helping expand the company’s global presence through the adoption of advanced technology that will continue to provide a better experience for our student borrowers as we issue more and more loans each year.”
 
Pakalapati earned her MS in Computer Science at Utah State University after moving to the US from India, where she received her Bachelor of Technology in Computer Science & Engineering from JNT University, in Hyderabad, Telangana, India.
 

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