One Inc Names Micheal Ellis as Chief Financial Officer

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One Inc Names Micheal Ellis as Chief Financial Officer

2024-08-06 22:48 Last Updated At：22:50

FOLSOM, Calif.--(BUSINESS WIRE)--Aug 6, 2024--

One Inc, the leading digital payments network for the insurance industry, today announced the appointment of Michael Ellis as the company’s new Chief Financial Officer (CFO), effective August 5, 2024. As CFO, Ellis will be responsible for overseeing the company’s financial activities and will help guide One Inc’s future direction in collaboration with Chief Executive Officer Ian Drysdale, to whom he will report.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240806903108/en/

Ellis joins One Inc with over 30 years of experience and a record of success in scaling payment technology companies. Ellis served as CFO at Flywire (NASDAQ: FLYW), a global payment solutions provider. He led them through their 2021 IPO, and was responsible for the company’s financial, investor relations, FP&A, treasury and tax teams. Ellis also was CFO & Advisor to BillGO, a bill pay platform and network for the world’s largest banks and Fintech companies.

Earlier in his career, he served as the CFO at CashStar, a provider of digital gifting solutions for retailers, the CFO of Eze Castle Software, and has held a variety of leadership positions including Controller at the Massachusetts Port Authority, VP Finance at Flagship Ventures and Director, Transaction Services at PwC LLC.

“Michael’s proven track record, strong business leadership, and history of delivering results will be invaluable as we continue to innovate and drive growth in the rapidly evolving digital payments infrastructure landscape,” said Ian Drysdale, CEO of One Inc. “I look forward to working closely with Mike and the One Inc leadership team in support of our goals to extend our category leadership and deliver on our vision of enabling insurers to deliver a best-in-class digital payment experience for their customers.”

The announcement comes as the Folsom-based company looks to expand its digital payments platform, foster product innovation, and create new opportunities to offer solutions that enhance efficiency and increase revenue for modern insurers. Earlier this year, Nordic Capital announced it joined Great Hill Partners as an investor in One Inc.

"I am thrilled to be joining One Inc, a company known for its best-in-class reputation for innovation in the digital payments space,” said Michael Ellis, CFO at One Inc. “The insurance industry is challenged by a landscape shaped by digital transformation and economic shifts which demands constant reinvention and optimization. I look forward to collaborating with the talented team at One Inc to scale the business, drive our financial strategy and deliver exceptional value to our stakeholders and clients, supporting our continued growth and leadership in the market."

One Inc has 750 resources, handles annual payments of USD 81 billion, and has one of the largest networks in the industry with over 760,000 vendors. One Inc proudly serves over 245 customers in the insurance industry, including Amica Insurance, MAPFRE, SageSure, Tower Hill Insurance, Wawanesa Insurance, and others.

About One Inc

One Inc is modernizing the insurance industry through a unified and frictionless payment network. Focusing only on the insurance industry, One Inc helps carriers transform their operations by reducing costs, increasing security, and optimizing customer experience. The comprehensive end-to-end digital payments platform provides expanded payment options, multi-channel digital communications and rapid digital claim payments, even for the most complex insurance use cases. As one of the fastest growing digital payments platforms in the insurance industry, One Inc manages billions of dollars per year in premiums and claim payments.

For more information, please visit www.oneinc.com.

Death toll in attack on Christmas market in Germany rises to 5 and more than 200 injured

2024-12-21 20:17 Last Updated At：20:21

MAGDEBURG, Germany (AP) — Germans on Saturday mourned both the victims and their shaken sense of security after a Saudi doctor intentionally drove into a Christmas market teeming with holiday shoppers, killing at least five people, including a small child, and wounding at least 200 others.

Authorities arrested a 50-year-old man at the site of the attack in Magdeburg on Friday evening and took him into custody for questioning. He has lived in Germany since 2006, practicing medicine in Bernburg, about 40 kilometers (25 miles) south of Magdeburg. officials said.

The state governor, Reiner Haseloff, told reporters that the death toll rose to five from a previous figure of two and that more than 200 people in total were injured.

Chancellor Olaf Scholz said that nearly 40 of them "are so seriously injured that we must be very worried about them.”

Several German media outlets identified the suspect as Taleb A., withholding his last name in line with privacy laws, and reported that he was a specialist in psychiatry and psychotherapy.

Mourners lit candles and placed flowers outside a church near the market on the cold and gloomy day. Several people stopped and cried. A Berlin church choir whose members witnessed a previous Christmas market attack in 2016 sang Amazing Grace, a hymn about God's mercy, offering their prayers and solidarity with the victims.

There were still no answers Saturday as to what motivated the man to drive his black BMW into a crowd in the eastern German city.

Describing himself as a former Muslim, the suspect shared dozens of tweets and retweets daily focusing on anti-Islam themes, criticizing the religion and congratulating Muslims who left the faith.

He also accused German authorities of failing to do enough to combat what he said was the “Islamism of Europe.” Some described him as an activist who helped Saudi women flee their homeland. He has also voiced support for the far-right and anti-immigrant Alternative for Germany (AfD) party.

Haseloff said Friday that authorities believed the man acted alone.

The violence shocked Germany and the city, bringing its mayor to the verge of tears and marring a festive event that’s part of a centuries-old German tradition. It prompted several other German towns to cancel their weekend Christmas markets as a precaution and out of solidarity with Magdeburg’s loss. Berlin kept its markets open but has increased its police presence at them.

Germany has suffered a string of extremist attacks in recent years, including a knife attack that killed three people and wounded eight at a festival in the western city of Solingen in August.

Magdeburg is a city of about 240,000 people, west of Berlin, that serves as Saxony-Anhalt’s capital. Friday’s attack came eight years after an Islamic extremist drove a truck into a crowded Christmas market in Berlin, killing 13 people and injuring many others. The attacker was killed days later in a shootout in Italy.

Chancellor Scholz and Interior Minister Nancy Faeser traveled to Magdeburg on Saturday, and a memorial service is to take place in the city cathedral in the evening. Faeser ordered flags lowered to half-staff at federal buildings across the country.

Verified bystander footage distributed by the German news agency dpa showed the suspect’s arrest at a tram stop in the middle of the road. A nearby police officer pointing a handgun at the man shouted at him as he lay prone, his head arched up slightly. Other officers swarmed around the suspect and took him into custody.

Thi Linh Chi Nguyen, a 34-year-old manicurist from Vietnam whose salon is located in a mall across from the Christmas market, was on the phone during a break when she heard loud bangs and thought at first they were fireworks. She then saw a car drive through the market at high speed. People screamed and a child was thrown into the air by the car.

Shaking as she described the horror of what she witnessed, she recalled seeing the car bursting out of the market and turning right onto Ernst-Reuter-Allee street and then coming to a standstill at the tram stop where the suspect was arrested.

The number of injured people was overwhelming.

“My husband and I helped them for two hours. He ran back home and grabbed as many blankets as he could find because they didn’t have enough to cover the injured people. And it was so cold," she said.

The market itself was still cordoned off Saturday with red-and-white tape and police vans every 50 meters (yards). Police with machine pistols guarded every entry to the market. Some thermal security blankets still lay on the street.

Christmas markets are a German holiday tradition cherished since the Middle Ages, now successfully exported to much of the Western world.

Aboubakr reported from Cairo and Gera from Warsaw, Poland. Geir Moulson contributed from Berlin.