Expands sales team to meet accelerating progress following its recent $30 million strategic financing

Jacksonville, Fla., Feb. 20, 2019 – Finxact, the emerging leader in SaaS core banking in the cloud, today announced that Ryan Victor has joined its rapidly growing team as Senior Vice President of Sales and Andrew Weatherl has joined as Vice President of Solution Enablement. In their new roles, Victor will lead Finxact’s strategic sales efforts, building a team to meet the company’s strong market interest, and Weatherl will lead the company’s pre-sales consulting efforts. Victor and Weatherl are part of Finxact’s go-to-market efforts being accelerated in 2019 by strong market demand for its Core-as-a-Service platform and the company’s recent $30 million strategic investment by leading banking and financial services firms.

Victor and Weatherl bring to Finxact extensive sales and leadership experience in core banking and financial technology, having most recently been at Germany-based Mambu where Victor was a senior sales executive and Weatherl was a senior pre-sales solution consultant. Both Victor and Weatherl also share a common background at core banking provider Finastra. Victor began his career in business development for financial services products before transitioning to Apple and Hewlett Packard Enterprise financial services. Weatherl brings broad industry experience from previous roles with J.P. Morgan and Markit.

“We are excited to be building our sales engine with these two leaders who intimately understand our market,” said Michael Sanchez, President and founder of Finxact. “The timing is great as we expand beyond our first several bank launches, implementations and conversions, and accelerate our growth to meet the strong demand that we are experiencing.”

“Having worked for, and competed with, the industry’s top core banking and financial technology providers, I can say that Finxact is in a class of its own,” said Victor. “I see Finxact emerging as the next dominant core banking platform as it offers every bank a solution to truly differentiate themselves, as well as a business model that completely empowers banks. Our domain expertise and best-of-breed ecosystem relationships are truly market moving.”

Weatherl added, “Finxact has assembled an exceptional organization and unparalleled, next generation, Core-as-a-Service offering. I am excited to be a part of this proven team with U.S. and global banking expertise that is truly disrupting an industry in collaboration with banks and strong partners.”

The Company has also recently welcomed a new Chief Information Security & Compliance Officer, Sadhana Akella Mishra, who brings more than 10 years of experience in the banking industry, and Jan Frymyer as Senior Vice President Services for the company. Frymyer joins Finxact after working in the core banking space for more than 25 years. Prior to Finxact, he served as Senior Vice President of Client Services at Nymbus, and held leadership roles at Fiserv and Open Solutions.

Finxact is currently working with multiple U.S. and international financial institutions, from de novo banks to top-tier banks, on projects ranging from full bank conversions to digital-only initiatives. Finxact’s team has decades of core banking experience having built and operated regulatory compliant core banking systems around the globe.

As the company expands its implementation teams, it is also building delivery capacity in parallel with its systems integration partners. In 2019, Finxact will further expand its sales and marketing teams as it accelerates market adoption.

About Finxact
Finxact is innovating the first enterprise class cloud-native Core-as-a-Service platform with a 100 percent accessible open banking API. Finxact’s modern architecture enables banks to rapidly deliver new experiences by creating products on demand and integrating new services as needed. The Finxact team has been at the forefront of banking software for 35+ years, and together with its best of breed partners is disrupting core banking so financial institutions can truly transform on their terms. Learn more at www.Finxact.com.

Media Contact:
Alyson Kuritz for Finxact
Alyson@0to5.com
(908) 892-7149