Payments Fintech Appoints CEO, New Chair as it Strengthens Leadership Team, which claims to be the next-gen settlement service delivering real-time cross-border payments and liquidity management, says it is “scaling up quickly in 2023 with very strong market acceptance.”

In order to react to this rapid growth, is “strengthening its executive leadership team by today announcing the appointment of Jarrad Hubble as its permanent Chief Executive Officer, and the appointment of Marcus Treacher as Executive Chair.”

Jarrad’s appointment as CEO follows “a short period as interim CEO since taking over the reins from Dave Sissens in February.” Dave remains “an active member of the extended team, as an Advisor to the company.”

Marcus has been “a member of the board for two years and is taking on the newly-formed Executive Chair role in support of Jarrad and his executive team, as the business scales up in 2023 and beyond.”

Stan Spavold, who has “chaired the Board since the company’s inception, will remain a key member of the board going forward.” CEO, Jarrad Hubble, said:

“We would like to extend our utmost thanks and gratitude to Stan for his many years of exceptional work and dedication as our Chair, helping to develop into the market-ready business it is today.”

Hubble continued:

“We are incredibly excited by this next phase of rapid growth for and could not be happier to have Marcus in the role of Executive Chair to help spearhead our continued progress. I am delighted to assume the role of CEO in a permanent capacity and look forward to working alongside our incredibly talented team to deliver on our vision this year and beyond.” is on a mission “to remove friction from cross-border payments and liquidity management by eliminating settlement risk with step-change innovation.”

Spurred on by its belief that a fresh approach is needed to modernise the way money moves across borders,’s view is “that the transfer of money should be as easy as the transfer of information.”’s vision is “to directly interconnect banks and clearing services around the world into a global network, so that banks in any country can exchange value across different currencies, and send and receive payments instantly across these currency pools.”

Over the past 12 months, has “expanded into the Americas and Asia Pacific regions as it engages central banks and commercial banks, doubling its headcount in the process.”

Marcus Treacher added:

“It’s a real honour to take on the role of Executive Chair.’s unique solution can fundamentally change the way money moves around the world, solving the underlying settlement problems that have held back improvement for so long. It’s imperative that we fundamentally re-wire the foundations upon which money moves, and create a better model that serves communities, banks, companies and governments enabling them to benefit more fully from today’s rapidly moving global digital economy.”

As noted in the update, claims it is “the next-generation settlement service delivering real-time cross-border payments and liquidity management.”

Their wholesale settlement service reimagines “how settlement occurs in the interbank foreign exchange (FX) market, enabling counterparties to settle trades instantly, bilaterally, and without settlement risk – 24/7/365.”

The settlement service starts “with fiat currency settlement but is designed for a future that includes CBDC and other digital asset classes. We are built for now, designed for what’s next.”

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