SANTA MONICA, Calif. -

Last week, NXCR formed a strategic alliance J.D. Power.

On Tuesday, the fintech and insurtech vehicle subscription platform named a new chief technology officer to leverage that relationship, as well as to be responsible for all platform technology and innovation, while overseeing the engineering and data teams.

Taking on this challenge is Martin Prescher, who previously held executive roles at PwC and AutoGravity.

Martin previously worked at PwC, leading its banking and automotive innovation and technology center, developing bespoke software solutions and go-to-market strategies for consumer finance, retail banking and automotive companies. 

Prior to that position, Prescher was the chief technology officer at AutoGravity, an automotive finance marketplace for consumers, dealer partners and OEMs funded by Daimler AG, Mercedes-Benz Financial Services and Volkswagen AG. 

“At NXCR we’re extremely passionate about the consumer experience and building intelligent digital bridges between the customer and the car,” NXCR founder and chief executive officer Scott Painter said in a news release. “Martin is a superstar physicist, technologist and data scientist with a Ph.D. in artificial intelligence. And he has a background in building shopping solutions for auto finance companies, which makes him a unicorn in the industry and a perfect fit for what we are doing at NXCR.

“Martin’s leadership is going to be critical in building our modern subscription platform,” Painter added.

As mentioned, the addition of Martin to NXCR’s executive team arrived on the heels of the company forming its relationship with J.D. Power, which is bringing proprietary data solutions, vehicle valuations and consumer insights to support and strengthen NXCR’s vehicle subscription value proposition.

“I’m excited about the future of mobility that NXCR is advancing, moving away from single-vehicle transactions around an asset to mobility-as-a-service,” Prescher said in the news release.  “Life is more dynamic than ever, and most consumers don’t want to go into long-term debt. They want access to mobility and transparency.

“NXCR is the next game-changer in our industry. I’m super excited to be a part of this revolution,” he went on to say.