Steve Castle joins Nuggets as Non-Exec

Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.

Financial services veteran and angel investor to help drive growth of blockchain e-commerce payments and ID platform

Steve Castle, the former Group Finance Director in the team that turned LV= into one of the UK’s leading motor insurers, has joined the blockchain payments and identity brand Nuggets as a Non-Executive Director.

Castle has already been supporting Nuggets as a strategic adviser for over a year, and was an early investor.

Alastair Johnson, Founder and CEO of Nuggets, said: “It’s a great pleasure to welcome Steve as a Non-Executive Director. His strategic advice has been invaluable to us for some time now, and we’re looking forward to drawing on even more of his 35 years’ experience in financial services.”

Castle’s most recent high-profile role was as a key part of the ‘Senior Management Walk-In’ team briefed with turning around Liverpool Victoria General Insurance Group in 2006.

As Group Finance Director, he was instrumental in transforming the business into the LV= brand as it is today. By 2012, the business had been grown five-fold to become the third-largest motor insurer in the UK. The (previously loss making) company was also delivering annual profits of over £100m and had the highest customer satisfaction levels in the industry.

Before LV=, Castle held senior Group Board positions in the RBS Insurance, Direct Line and Churchill. He was previously a director at AIG, ACE & CIGNA.

Of his new role, Steve Castle said: “Having seen how rapidly Nuggets has developed in markets around the world over recent months, I’m delighted to be joining the team as Non-Executive Director.

“Nuggets offers a unique solution for making simple e-commerce payments and other transactions without having to share personal data. I’m convinced it’s a product that will transform e-commerce as we know it.”

This latest announcement follows the recent appointment of  former Managing Director of Visa, Kevin Jenkins, to establish Nuggets in Europe and lead on business development.

At the end of June, Nuggets also announced a partnership with QFPay, the Chinese payment provider used by Asian commerce giants Alipay and WeChat. QFPay has managed more than 500 million mobile payment transactions to date. Now, Asian merchants using QFPay can also benefit from Nuggets’ unique payments and identity features.

The Nuggets Alpha for iOS and Android is already live.