Posh AI Welcomes Former NCUA Chairman Rodney E. Hood to Board of Directors

Boston, MA – February 28, 2024 – (BUSINESSWIRE) Posh AI, the leader in conversational and generative AI solutions purpose-built for the financial industry, today announced the addition of former National Credit Union Administration (NCUA) Board Chairman Rodney E. Hood to its Board of Directors. Hood brings a long-standing legacy of public and private financial services over the last 30 years and a spirit of active participation and qualified advising based on his extensive industry experience. Most notably, he served on the NCUA Board under two presidential administrations. 

“We are deeply honored to welcome Mr. Rodney Hood to our Board of Directors,” says Posh AI’s CEO and Co-Founder Karan Kashyap. “His advocacy of both credit unions and the adoption of transformative technologies as a method to innovate and grow their business is unparalleled in our industry. Mr. Hood’s extensive experience will be instrumental in guiding the development of AI solutions that navigate the intricacies of Governance, Risk, and Compliance (GRC) for financial institutions. His insights will ensure Posh's offerings empower credit unions while prioritizing their reputational security. We are extremely excited to have a leader of his caliber join our board.” 

“The credit union industry is a vibrant, innovative part of the financial services ecosystem,” says Hood. "I am captivated by Posh's singular commitment to building purpose-built, auditable AI solutions tailored exclusively for financial institutions of all sizes. This focus enables them to pioneer innovative solutions, elevate member experience, foster business growth, and optimize operational efficiency. Notably, their emphasis on aligning products and services with regulatory frameworks specific to financial institutions is pivotal for credit unions. I look forward to collaborating and contributing to their mission.”

Hood has served multiple financial services institutions in a variety of roles. His commitment to economic empowerment is evidenced by initiatives such as the Advancing Communities through Credit, Education, Stability and Support (ACCESS) program. Before his NCUA role, Hood contributed to corporate responsibility at JPMorgan Chase and played a key role in community development lending at Wells Fargo. He was appointed to the NCUA Board, serving from November 2005 until August 2009, before his second appointment from April 2019 until January 2021. In this role, he established the Office of Technology and Access to advise financial organizations to adopt new technology and stay ahead of regulatory guidelines and framework advancements.

About Posh AI:

Posh AI is committed to democratizing access to banking and accelerating the responsible adoption of AI for financial institutions, transforming how they serve their communities and employees. Powered by our proprietary platform, Posh AI assistants empower frontline staff and transform customer interactions. Purpose-built for financial services, Posh’s AI spans voice, digital, and knowledge channels, offering conversational customer service, 24/7 self-service, and increased employee efficiency. Supported by top AI and financial institution experts, Posh's solutions significantly enhance customer and employee experiences. Explore Posh.ai and follow Posh AI on LinkedIn for more.