The AI Corporation, a specialist in fleet, fuel and mobility payments, has appointed Piers Horak as its new chief executive officer.

Piers Horak, CEO at The AI Corporation

Horak steps up from his former role as chief commercial officer and takes over from Mark Goldspink, who has left due to health reasons.

Horak will be responsible for building AI’s track record of developing innovative technology that allows its clients and their customers to take control and grow profitably by managing omnichannel payments and stopping fraud.

He brings over 15 years of expertise in enterprise retail payments, banking and fraud prevention. Over the past five years, he has spearheaded AI’s commercial business operations.

Horak said: “I am incredibly excited to lead AI further into the rapidly advancing world of fuel and mobility payments. As technology advances and the payments value chain continues to converge in line with customer demand, AI is perfectly positioned to take advantage of the evolution of payment digitations by leveraging our cloud-based, industry-wide payments platform to ensure our customers are primed to seize market opportunity.”

AI’s issuer payment solutions enable fleet and mobility providers to enhance and futureproof their payments business by offering IFSF and EMV-compliant physical, virtual, contactless and mobile payment capabilities. Its suite of fraud management solutions and alerting services enables fuel retailers and banks to reduce the impact of fraudulent activities, as well as identifying and stopping fraud before it takes place.

Ashley Head, chairman of The AI Corporation, commented: “Piers has been an integral part of our organisation for the past decade, demonstrating exceptional leadership, strategic insight and an unparalleled grasp of our industry and our company’s workings. His unwavering commitment to AI and these commendable qualities position Piers as the ideal candidate to guide us into the next phase of advancement and growth.”