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XYB announces Derek Joyce as new CEO ahead of Monese split | Fintech InShorts: Latest fintech news, analysis by experts

XYB announces Derek Joyce as new CEO ahead of Monese split

AIBankingBusiness

Less than 1 min.Read

XYB announces Derek Joyce as new CEO ahead of Monese split

June 2, 2024

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.

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