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The Authoriti Network was founded in 2017 to identify new approaches to prevent misuse of Identifiers and Personally Identifiable Information. Our founders have significant leadership experience dealing with InfoSec at-scale in the world's leading financial institutions.


Authoriti develops the Authoriti Permission Code® platform, which puts control of transactions in the hands of the consumer and gives institutions the confidence that the transactions are authorized.  

Board of Directors

Mark Clancy, President & CEO

Rich background of executive-level positions at Fortune 100 IT organizations where he has led the fight against cyber crime.

Mark Clancy joined Authoriti in September 2020. Prior to Authoriti, Clancy was the CISO and Vice President for Cybersecurity at Sprint.  His role at Sprint encompassed the blending of the cybersecurity functions with the fraud team covering both online and retail. Prior to Sprint, he was the founder of Cyber Risk Research LLC, a research and consultancy organization focused on cybersecurity “sense making” and “decision making.” The company used automation, analytics, and configuration discipline to alter the economics of cyber intrusions and attacks in favor of defenders.

Clancy brings 25 years experience in IT, including 15 years focused on cybersecurity and technology risk management issues from the data center to the board room.  He has worked with business leaders, industry groups, public officials, legislatures, and regulatory authorities around the globe to advance cybersecurity practices, standards, regulations, and laws. 

He previously served as the CEO of Soltra, a joint venture between DTCC and the Financial Services Information Sharing and Analysis Center (FS-ISAC) that promotes the sharing and consumption of cyber threat information via automation to reduce risk for critical infrastructures and increase attacker costs.  Clancy facilitated the sale and transition of the Soltra business to NC4 in November of 2016.

Prior to forming Soltra, Clancy served as Chief Information Security Officer for DTCC where he was responsible for developing and implementing global security and business continuity policies, standards, guidelines, procedures, and threat assessments. Active in the financial services and critical infrastructure communities, he participated in the Financial Services Information and Analysis Center (FS-ISAC) and Financial Services Sector Coordinating Council (FSSCC). He served on the Center for Strategic and International Studies Commission on Cybersecurity, making cyber security policy recommendations for the 45th Presidency of the U.S.

Clancy has testified before the U.S. Congress to the House Homeland Security committee, the House Financial Services subcommittee on Capital Markets and Government Sponsored Entities, and the Senate Commerce Committee on cybersecurity issues.

Lou Steinberg, Chairman

Builds both startups and at-scale resilient, secure infrastructure.

Lou Steinberg is the founder of CTM Insights, an early stage technology studio & incubator, focused on finding new approaches to structural problems in Cyber Security.  Prior to CTM Insights, Steinberg served for 6 years as Chief Technology Officer of TD Ameritrade Holding Corporation where he was responsible for technology innovation, platform architecture, engineering, operations, risk management, and cyber security.

Prior to joining TD Ameritrade, Steinberg was the founder and CEO of Rev2, a Risk Management software company that focuses on operating risk. Previously, he was the interim CEO of Cranite Systems, which delivered highly secure, layer 2 VPNs. Steinberg also spent several years as CTO of Symbol Technologies (now Motorola), driving a company-wide solutions strategy while also serving as the General Manager of its Software Division.


Steinberg previously served as an entrepreneur-in-residence at Warburg Pincus and as a strategy advisor to senior management at companies including Comcast, Citigroup and Fidelity. He was the SVP of Marketing and Market Development at Micromuse (now IBM), a network management and analytics company. He joined Micromuse through the acquisition of NetOps Corp, an analysis and fault-prediction company that he founded and led as CEO. He spent over a decade at IBM in various technical and management roles, notably contributing to router development for the NSFNet, a second-generation Internet backbone. He has served on various IETF Working Groups related to network management, including SNMP-1, MIB-1, Ethernet MIB, RMON-1 and Alert Management.


Steinberg is the author of Troubleshooting with SNMP and Understanding MIBs (McGraw-Hill, 2000), as well as numerous articles on technology and infrastructure. He holds a bachelor's degree in engineering and a master's degree in computer science, both from the Stevens Institute of Technology and is an active member of both the Board of the Stevens Venture Center and the Board of Advisors to the School of Systems Engineering.  He has served on numerous private company boards.

Larry Bettino

Investor in high growth tech companies.

Larry Bettino has more than 25 years of technology-focused, venture capital and private equity investing experience. He is currently Senior Advisor at StarVest Partners, LLC, a firm focused on investing in high-growth technology-based businesses.

Over his career Bettino has achieved a unique combination of technological and financial expertise working with firms such as IBM, Dillon Read Venture Capital, Baker Capital, Warburg Pincus and in his current role with StarVest Partners. He has significant experience in the technology areas of software, cloud-based computing, data management, application development, social media and mobility. His functional expertise has included business plan development, sales and marketing, pricing strategy, and business process and workflow.


Bettino holds a Bachelor’s of Science Degree in Electrical Engineering from Rensselaer Polytechnic Institute and a Master’s of Business Administration from Harvard Business School.

Joseph R. Saviano

​25 years of private equity and venture capital experience.


Joseph R. Saviano is the Founder and Managing Partner at Dot Capital, LLC, a New York City-based venture capital firm he founded in 2012. Dot Capital is focused on investments in companies that disrupt and drive the digital economy. Wireless applications, software-as-a-service, big data, digital media and internet infrastructure are its current areas of focus.

Previously, Saviano was a Partner and CFO of Baker Capital, joining the firm in June 1997 to lead all administrative functions at the firm. In 1998 he became a Partner and in 2001 joined the investment committee and worked on the firm’s investment activities in the telecomm-media-technology sector. At Baker Capital, Saviano led investments in the software, mobile application, digital media and Internet infrastructure sectors.

Prior to joining Baker Capital, he was the CFO of Harvest Partners and from 1992 to 1996 he worked at Apollo Management. From 1988 to 1992 he worked at Bear Stearns.


Saviano has been a member of the Board of Directors of several private companies which successfully exited or been marked up: Dotster (a leading domain name registrar and web services provider); IQNavigator (a software-as-a-service employee relationship management software solutions for the contingent labor market); Offermobi (a leading mobile only performance marketing network); Humandemand, Inc. (a first mover in the mobile demand side platform, data management space); and Wine.com (the most trafficked wine retailer on the web). Current Board of Director roles include: Console (a peering provider that links networks to provide low latency high available inter-connect solutions); Statsocial, Inc. (a social media, big data analytics provider); and Crowded.com Inc. (a marketplace for on-demand labor).


Saviano is the Chairman of the ARC Angel Fund and is on the advisory committees of DEV (Digital Entertainment Ventures) and Funding Wonder, Inc., a small business lending portal. Saviano received his B.S. in finance from Lehigh University and an M.B.A. from Fordham University.

Michael C. Cutlip, Advisor

Decades of experience in credit, operational and enterprise risk, and regulatory and financial crime compliance initiatives. 


Cutlip has more than 30 years of experience across a range of roles in the financial services industry, the majority at HSBC Holdings plc.  As COO of the Global Banking and Markets’ Banking business in the Americas, Cutlip led teams delivering and improving HSBC’s business management, credit, operational and enterprise risk, and regulatory and financial crime compliance initiatives. 

Concurrent with his COO responsibilities, Cutlip served on the Board of Directors of HSBC Capital (USA) Inc., HSBC’s direct and fund of funds principal investments business in the Americas.  Cutlip relocated to Hong Kong between 2009 and 2012 to build out GB&M’s Credit Portfolio Management capabilities covering 18 countries in Asia. 

Cutlip holds a Bachelor of Science Degree from Iowa State University and a Master of Business Administration from The University of Iowa.

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