- New CEO Announcement:
- XYB appoints Derek Joyce as CEO.
- Joyce has over 20 years of fintech leadership experience, including roles at Bread Financial, Klarna, and American Express.
- Company Background:
- XYB is a Coreless Banking Platform-as-a-Service (PaaS) provider.
- Announced its split from parent company Monese less than a month ago.
- Joyce previously advised XYB’s fundraising and separation from Monese.
- Joyce will co-found the standalone business with Monese CTO Jonas Kiiver.
- Company Mission and Operations:
- XYB aims to accelerate the transition to accessible and innovative banking.
- Operates cloud-based microservices infrastructure with dependency-free engines.
- Provides 172 retail and business-specific services through its partner network.
- Client and Partner Network:
- Powers services for multiple Tier 1 banks, including HSBC’s Zing.
- Maintains partnerships with several global cloud providers.
- Technology and AI Integration:
- Plans to enhance its platform with deeper AI investment.
- Uses AI in its transaction monitoring solution and aims to integrate it responsibly across its product suite.
![XYB announces Derek Joyce as new CEO ahead of Monese split XYB announces Derek Joyce as new CEO ahead of Monese split](https://www.fintechinshorts.com/wp-content/uploads/2024/06/pexels-kindelmedia-7688174-1068x801.jpg)
XYB announces Derek Joyce as new CEO ahead of Monese split
Hot this week
Blogs
Banking as a Service: Meaning, Examples, Benefits and Future
The push for open banking has led to a...
Blogs
Best fintech blogs and websites
Fintech (financial technology) has been an interesting part of...
Blogs
Is it worth investing in life insurance over 60?
Is it worth investing in life insurance over 60?
As...
Topics
Banking
Morgan Stanley buys stake in UK business payments start-up Sokin
Key Points:Acquisition Details:Morgan Stanley has acquired a...
Banking
New wealthtech start-up Waltz launches US real estate investment platform
Key Points:Launch Objective:Enable foreign investors to invest...
Banking
HSBC India partners with Open Financial Technologies to launch FinConnect for business clients
Key Points:Partnership Objective:Simplify payment processes for HSBC's...
Banking
FCA issues new guidelines to ensure cash access for consumers and small enterprises
Key Points:Objective:Ensure "reasonable access" to cash deposit...
Banking
Social trading app Shares set to exit UK market
Key Points:Market Exit:Shares is set to exit...
Banking
UniCredit set to acquire Aion Bank and BaaS provider Vodeno for €370 million
Key Points:Acquisition Agreement:UniCredit has signed a binding...
Banking
Kenya’s Diamond Trust Bank taps Network International for digital payment solutions
Summary of Diamond Trust Bank (DTB) and Network International...
Banking
Rabobank taps Zafin to upgrade pricing, billing and invoicing capabilities
Key Points:Partnership Announcement:Rabobank has partnered with Zafin,...