ThetaRay taps Peter Reynolds as CRO amid high-growth phase

Rick Steves

The flagship product of ThetaRay is its Financial Crimes Prevention Solution.

ThetaRay has appointed Peter Reynolds as the RegTech company’s Chief Revenue Officer (CRO), where he will be responsible to lead end-to-end sales and revenue growth operations as ThetaRay accelerates global expansion with banks, fintechs, regulators, and partners.

The firm uses AI-powered technology to offer monitoring solutions to protect banks and fintechs against financial crimes.

A proven fintech revenue leader

Peter Reynolds is a sales veteran with more than 20 years of experience selling enterprise software into financial institutions, fintech, and global corporations, having launched his career at HSBC.

Prior senior sales leadership positions include firms such as Earnix, Fundtech, Reval, and Thomson Financial.

Peter Reynolds, Chief Revenue Officer at ThetaRay, commented: “I am excited to join as ThetaRay embarks on a high-growth phase to scale business globally. I look forward to working with the team, customers and partners to deliver value to the entire global payments ecosystem.”

Mark Gazit, Chief Executive Officer at ThetaRay, said: “Peter has proven success as a fintech revenue leader, and we are thrilled to welcome him on board during this key growth stage. By creating a secure financial network, our AI transaction technology enables fintechs and banks to increase growth and revenues, improve customer service, and deliver a new standard of trust.”

Last year, the Israeli fintech firm raised $31 million in a funding round that welcomed Eric Benhamou and Saints Fund as new investors. This round brought the total amount of funds raised to more than $90 million.

The company aims to use the funds to grow the features of its product and expand its user base to include any company that handles cross-border payments, which in itself is a huge industry in these times.

ThetaRay’s solutions are being used by banks and even governments as it helps to sniff out financial crime with respect to cross-border payments. The company has also announced that the governments of Nigeria and Ukraine have implemented their solutions for fighting corruption and terrorism.

The flagship product of ThetaRay is its Financial Crimes Prevention Solution which is a platform designed to reduce risks in payments and it helps the banks and financial institutions to ensure that their platforms are not used for money laundering and other financial crimes.

Read this next

Metaverse Gaming NFT

Despite crypto winter, Fastex grabs $23.2 million in Fasttoken token sale

Fasttoken, part of the Fastex web3 ecosystem, has secured $23.2 million in financing through the private and public token sales of its native cryptocurrency Fasttoken (FTN).

Digital Assets

Iran to repay Russian debts in gold-backed stablecoins

A high-ranking member of the Russian parliament confirmed reports that his country was in talks with Iran to create a stablecoin for foreign trade settlements, to replace the dollar, ruble and Iranian rial.

Digital Assets

SEC denies Cathie Wood’s bitcoin ETF for second time

The approval of a regulated crypto derivative is still looking far less likely, as the US regulators have once again denied Cathie Wood’s application for a long-awaited spot bitcoin exchange-traded fund (ETF).

Executive Moves

Pavel Spirin promoted to Scope Markets CEO following Rostro acquisition

Belize-based FX and CFDs brokerage Scope Markets has promoted Pavel Spirin to take on an expanded role as the company’s chief executive officer. He replaces the outgoing CEO Jacob Plattner, who has also been a major shareholder since he resigned his position as managing director at GKFX.

Retail FX

Public.com goes all-in on alternative investing, launches Rare Sneaker Portfolio

“The concept of curated Portfolios means that our members will be able to invest in categories like art, trading cards, royalties, and real estate without needing to become subject matter experts on individual assets.”

Industry News

State Street taps AWS and Microsoft for cloud and infrastructure solutions

“By standardizing and simplifying our technology operating model, we will be able to more quickly deploy client environments and launch new products and services, while continuing to enhance the resiliency of our technology environment and our business operations.”

Institutional FX

Bitpanda launches Investment-as-a-Service business for banks, fintechs, online platforms

“Financial institutions today have to ask themselves how they aim to cater the increasing demand for modern investing solutions. Building these Individually, means a high startup cost, and products that are often outdated before they are even launched.”

Institutional FX

Options expands market data feeds after partnership with Tools for Brokers

“Our integration with ACTIV Financial marked the beginning of a new era in market data availability and infrastructure. Our teams have come together to provide unparalleled, fully managed market data services alongside Options’ global connectivity and infrastructure.”

Industry News

Recruitment in financial services sector buoyant despite planned mass layoffs

“It remains to be seen what impact this will have on hiring levels within the financial services arena this quarter”, said APSCo, regarding the expected mass layoffs within the financial services sector in England & Wales. 

<