Real-time cross-border liquidity network RTGS.global has appointed Dave Sissens as CEO as the company prepares to ramp up its commercial efforts.
Most recently, Sissens was the chief solutions officer at FNA, which specialises in the design, analytics and simulation of payment systems.
He also held several leadership roles during his 20-year tenure at global settlement system CLS.
In his new role at RTGS.global, Sissens will drive an accelerated commercial strategy and operationalisation of the company’s services.
Sissens said: “The systems, processes and solutions supporting cross-border financial transactions have evolved slowly over the past decades. This slow development has in fact increased transactional friction, decelerating the progress of the financial services industry when compared to digital innovation elsewhere.
“RTGS.global’s unique liquidity platform brings transformational change to an industry in which customers are demanding less friction, more transparency and instant transactional completion.”
The company aims to solve financial friction, which is estimated to cost the global economy nearly $15 trillion each year, by bringing together banks and their liquidity to form a liquidity network.
Nick Ogden, founder, RTGS.global, added: “As we continue to build out our global platform, institutions around the world are now engaged with us as we move towards full service availability this year.
“We are now ready to execute our commercial growth strategy and bolster our leadership team with the key skills we require to serve the demand developing from the industry internationally, including from banks, central banks, financial institutions and others. Dave’s experience and strengths make him an ideal candidate for this key role, and I look forward to working with him to take RTGS.global to the next level of global success.”
Watch Episode 1 of Open Banking Expo TV on demand to find out what Andrew Smith, chief technology officer at RTGS.global, had to say about the future of banking in the cloud.