On Tuesday, Solifi, a global fintech software partner for secured finance, announced the appointment of Karan Oberoi as its new chief product officer.

The company said Oberoi brings a wealth of experience to Solifi, having previously served as chief product officer with Backbase, a leading engagement banking platform in The Netherlands used by top tier financial institutions globally. In that role, he led overall product strategy and development covering both organic and inorganic growth as the company grew significantly during his tenure.

Over his 17-year career, Solifi said, Oberoi has also held numerous senior positions, including product director at Backbase and director of global product management at Diebold Nixdorf.

“I am thrilled to join Solifi at such an exciting time,” Oberoi said in a news release. “Solifi’s continued innovation drive in technology is shaping the future of secured finance, and I look forward to contributing to the company’s efforts to meet and exceed our customers’ expectations through value-driven product development.”

As chief product officer, Oberoi will lead Solifi’s global product team to continue to innovate its automotive, equipment, working capital and wholesale finance solutions, which now serve more than 300 customers across the globe.

As Solifi enters its next phase of growth following its 50th anniversary, the company said Oberoi’s leadership will be instrumental in achieving its goals.

“We’re pleased to welcome Karan to the executive team,” Solifi CEO Dan Corazzis said. “His extensive expertise in the financial technology sector and his deep understanding of customer expectations make him a valuable addition to our leadership team. We look forward to seeing the impact he will have on our products and the future of Solifi.”