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November 30, 2023


Tyfone announced the appointment of Tom Shen, Santo Cannone and Laurent Desmangles to its board of directors. The new board appointments join Tyfone following a significant investment of both resources and talent from Demopolis Equity Partners, an impact-oriented private equity fund. Shen has more than 40 years of experience as an advisor for several financial institutions and fintech providers. He founded Software Dynamics in 1982 and sold the company to publicly traded S1 Corporation in 2001. He also co-founded and served on the executive team for Digital Insight and he co-founded Malauzai Software in 2010, which was acquired by Finastra in 2018. Currently, Shen serves on the board of several companies, including CSI, BankiFi, and Shastic. He also serves on the board of Axiom Bank headquartered in Orlando, Florida. Cannone has more than four decades of expericence in financial technology. He is a strategic advisor for Demopolis Equity Partners. He held a leadership role at FIS as well as a chief product officer role for Fiserv. He serves as board chair at Tampa Bay Wave and board member at United Solutions and Simply Reliable. Desmangles has spent nearly 30 advising banks as a consultant. Desmangles retired from Boston Consulting Group (BCG) as a managing director and senior partner in New York where he advised banks for BCG's Retail Banking and Advanced Analytics practices. Desmangles also serves as a director on the board for Fifth Third Bank, as well as serving on the board of Laurentian Bank of Canada. Based in Portland, Tyfone is a provider of consumer and commercial digital banking services for community financial institutions throughout the U.S.

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