Home Banking RTGS.world hires trade veteran Dave Sissens as new CEO

RTGS.world hires trade veteran Dave Sissens as new CEO

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Actual-time cross-border liquidity agency RTGS.world has appointed Dave Sissens as its new CEO.

Sissens labored for 20 years at settlement agency CLS

The community says Sissens will drive “an accelerated business technique and operationalisation of the corporate’s providers”.

He joins from analytics firm FNA, the place he held the position of chief options officer.

Sissens additionally labored at settlement system CLS for 20 years, leaving as head of operational technique in 2016.

His appointment at RTGS.world follows a laying of groundwork for the cross-border funds agency.

In September 2020, it launched the first stage of its operational roll-out, in collaboration with Microsoft.

RTGS.world claims its mannequin allows banks to achieve “full visibility” of liquidity between their counterparties.

The community was based by Worldpay and ClearBank creator Nick Ogden. Its mission is to unravel monetary friction it says prices the worldwide economic system $15 trillion {dollars} per yr.

Reworking liquidity

“The techniques, processes and options supporting cross-border monetary transactions have developed slowly over the previous many years,” says Sissens.

“This gradual improvement has the truth is elevated transactional friction, decelerating the progress of the monetary providers trade when in comparison with digital innovation elsewhere.

“I’m extraordinarily excited to affix the corporate right now in its evolution, because it deploys an answer which transforms liquidity motion throughout a variety of monetary markets.”

RTGS.world fonder Ogden says the corporate “was born out of a need to remove monetary friction and threat, and we’ve already made unbelievable strides in direction of reaching that imaginative and prescient”. The total-service availability of the platform is anticipated later this yr.

Associated: Clearing the liquidity fog in 300 milliseconds

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