The US-based payments technology firm said the appointments were designed to support its expansion in embedded payments and strengthen its network of software and enterprise resource planning (ERP) partners.
“Brent and Sharat join Fortis at a crucial point in our company’s trajectory,” remarked Chief Executive Greg Cohen. “As we scale to meet increasing market demand, their combined expertise in financial operations, risk management, and strategic partnerships will be critical to our success.”
Coles has over 25 years of experience in fintech and payments, having held senior roles at Onbe, Clearent and BluePay.
He will oversee financial operations, strategic planning and capital allocation. “My focus will be on building the financial infrastructure needed to scale efficiently while delivering value to our customers, partners, and stakeholders,” Coles commented.
Shankar, who previously served as Executive Vice President of Risk at Corpay and held leadership roles at Intuit and First Data, will manage Fortis’s risk and operations functions.
He believes the firm is “uniquely positioned to lead” the evolving embedded payments space.
The company said the expanded C-suite underlined its commitment to operational excellence and innovation in the fast-growing financial technology sector.
