Pittsburgh, PA — January 22, 2025 — Chairman, president, and CEO of Innovative Systems, Inc., Robert “Bob” Colonna, has been named a Top 50 Financial Technology CEOs of 2024 by The Financial Technology Report for his relentless pursuance of solutions that solve complex problems, fearless yet compassionate leadership, and unwavering commitment to ensuring the success of every associate, supplier, partner, and customer.
According to The Financial Technology Report, the Top 50 CEOs have not only responded to the industry’s rapid evolution but have led their companies in reshaping financial services. This year’s awardees were selected through a methodical nomination process and careful consideration of each candidate’s career track record and industry contributions.
Innovative Systems delivers enterprise data, compliance, and integration solutions through the company’s leading FinScan®, Enlighten®, and PostLocate® brands, offering actionable insights and enabling organizations to identify the hidden opportunities or risks in their data.
Bob was the principal designer of Innovative Systems’ data cleansing, matching, and marketing database software. His interest in computational linguistics stems from his military experience, where he attended French and German language schools. This linguistic background, combined with his degrees in mathematics, management science, and engineering, provided Colonna with the training to develop Innovative’s leading-edge technology and expand into anti-money laundering (AML) compliance with its FinScan solution, which performs more than 300 billion sanctions checks annually.
Innovative Systems is a global leader in developing and delivering high-performance enterprise data management and compliance and risk management solutions, enjoying double-digit growth. Since its inception, FinScan has helped organizations globally develop more efficient AML programs that manage risk and generate fewer false positives. In a competitive bake-off, FinScan found customers of a bank that the competing solution missed. Today, the technology is used by clients across APAC, Europe, the Americas, and the Middle East.
“I’m honored to be listed in the Top 50 FinTech CEOs, and also proud that I’ve created a sustainable company—one with a unique ability to seize many opportunities to solve difficult, crucial problems,” said Bob Colonna. “We developed technology that’s unlike any other, and we’re doing something meaningful for the world, from improving banking operations to helping track down and stop terrorists and criminals.”
Press contact:
Chanda Shingadia The Comms Crowd Email: chanda@commscrowd.com Phone: +44 (0)7951 163 615