After graduating from Virginia Tech with a Bachelors and Masters degree in Computer Science, Mostafa Raddaoui launched his career in the world of financial technology where he accumulated over 20 years of banking experience. Fast forward to today, Mostafa embarks on a new career endeavor as MK Decision's Chief Information Officer and newest executive. With his wealth of experience in information security and financial technology, he is an invaluable addition to MK. Recognizing the power behind MK’s loan origination and online account opening solutions, Mostafa is motivated by MK’s vision to bring more deposits and more loans to community financial institutions. By inspiring innovation at MK, Mostafa will ensure that security and compliance standards are incorporated throughout all stages of development, putting MK’s customers’ needs first. In this month’s People Spotlight, we get a deeper look into Mostafa’s experience and his goals for MK Decision.

Where did you grow up?

My childhood was spent in Morocco and Italy, I later came to the United States when I was 13 with my family.

What are your hobbies?

As a huge sports fanatic, I enjoy cheering on my favorite sports teams - the Dallas Cowboys, Washington Wizards, Washington Nationals, and Washington Capitals. On Saturdays, I volunteer at a youth program I founded where I mentor underprivileged youth with their career plans and education attainment. I focus on teaching them leadership skills and have led coding boot camps to introduce them to programming. Our goal is to provide them with confidence, hopefully set them up with an internship, and bolster their resume.

Mostafa with the youth organization he founded, Moroccan American Youth Program, participating in New York City’s Breast Cancer March.

What is a fun fact about you?

I may look tough, but I have a soft heart.

Describe yourself in 3 adjectives.

Dedicated, perfectionist, passionate.

In his free time, Mostafa enjoys outdoor activities. Here he is scuba diving!

What is your experience in the banking industry?

I have over twenty years of experience in the banking industry, ranging from my twelve years at the Bank of Tokyo working on investments and the commercial side of banking. At IonIdea, I worked on projects for banks for equity and hedge funds. While working at Fannie Mae, I provided technical and management oversight of the growth, maintenance, and operational processes supporting Fannie Mae’s Trading Floor.

To summarize my experience, I have dipped my feet into many industries including FinTech, E-commerce, Retail, Healthcare, and regulatory agencies, where I have designed a plethora of systems. My goal has been to focus on the value I can derive for a business, and apply technology to improve their overall business strategy.

Ultimately through my experience, I aimed to learn as much as I could. I wanted to cultivate my competencies so I could communicate with different technology groups to train and lead my team. My goal was to bridge the gap between infrastructure and developers. By learning all the verticals of technology, I can see the holistic image of the company. I thrive by getting out of my comfort zone.

During your career, you’ve spent time with some of the largest financial institutions. What motivated you to take an executive role at an up-and-coming FinTech?

After accumulating the resume that I have, I have acquired a high-level business and technology acumen. I wanted to challenge myself and use the experience and insight I have learned to take a company, like MK Decision, to the next level. MK Decision has a fast-paced work environment, as a team member you must challenge yourself to innovate more than well-established institutions equipped with unlimited resources.

At MK we want to build a billion dollar product with a million dollar budget, and that is part of the excitement! I am confident that I know the processes and procedures to take MK to the next level. I have worked with the big players and know exactly how they play. Again, you look at the business roadmap and adjust to help the company reach its business objective goals.

Mostafa being honored as the keynote speaker at the New York Stock Exchange.

How do you think your 20+ years of experience at large financial institutions will impact MK’s compliance and information security standards?

The finance industry is heavily regulated, and I have dealt with incredibly complex regulations throughout my career. By leveraging my experience, I recognize how to stay ahead of these compliance and security standards. I am an asset to MK that keeps us on the most secure track possible now and in the future. By applying policies to adhere to these regulations, I will create a “plug and play” technique with seamless integration from one policy to another.

How did you know MK was the right fit for you?

At first glance, I was instantly attracted to the website, and of course the product. What truly won me over would be the people. Once I spoke to Guru Dharam and Har Rai, I knew this is it - I fell in love with the company. The people won me over. I knew that MK was the right choice for me from the drive and passion behind the company. I chose MK Decision for the people and culture.

What interested you about MK’s digital loan origination and deposit account opening products?

What MK has done better than everyone else is recognizing a market niche. That niche is the loan origination and deposit account opening market. MK has focused on supporting smaller community financial institutions that not everyone is wanting to help. MK is digitizing banking processes, and streamlining loan processes to aid banks in growing their customer acquisition in less time. It is also based on a great technology framework.

Why do you think this market is going to grow?

There is a huge demand for online banking services given COVID-19, it has exposed many companies that have not gone through a digital transformation. Data is growing, everyone is hungry for digital accessibility. Pen and paper take time that no one is willing to give, by streamlining the operation from end-to-end we are able to improve customer experience and provide bankers automation and fraud detection.

How will you impact the future of MK?

By utilizing my experience, I want to help the team from a skill perspective. My goal is to boost the team’s confidence, improve the processes and procedures that are already in place, and bring new technologies to bring MK to the next level. I will ensure that due diligence is completed, and be assertive with all employees to ensure policies are followed closely. I don’t believe in entering the market as a competitor, instead I believe in strategic positioning to disrupt the market.

What is your vision for the future of MK?

My vision is to dominate the market by providing quality products to our customers, continuously improve our excellent service, and become a dominant force in the loan origination and account opening markets.

Interested in learning more about the MK team? Check out our About Us or Careers pages.