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IndustryUpdate

ments directly from bank accounts. This expansion aims Steve Wright, a founder partner, accepted the position
to make Pay by Bank a mainstream payment method, of chief operating officer.
offering smoother payment experiences and improved
success rates compared to cards. While with Vocalink, Dobie led projects to deploy real
time payment technology globally and was part of
ACQUISITIONS the management team leading the sale of Vocalink to
Mastercard. Before Vocalink, Dobbie held senior posi-
tions at Glory, Talaris and De La Rue. Roger Bracken has
Databricks gains MosaicML held leadership positions at such enterprises as NCR,
First Data, and TSG. He is a special advisor at Vitruvian
Databricks acquired MosaicML, a generative AI plat- Partners and serves as chair of the fintech WyzePay.
form, in a deal valued at approximately $1.3 billion, Wright has a long record of sales leadership in paytech
including retention packages. MosaicML is known for its and has led divisions at Xerox, ACI, Fujitsu and NCR.
MPT large language models, which enable organizations He has also helped shape payments startups and scale-
to efficiently build and train advanced models using their ups, including Lusis and Alaric.
own data. Databricks and MosaicML aim to democratize
generative AI, offering customers a straightforward way Rick Lynch signs on with DisputeHelp
to maintain control, security and ownership over their
data. This combination will provide a platform capable Rick Lynch, former senior vice president of Verifi, a Visa
of serving large organizations and addressing various AI company, joined DisputeHelp as senior vice president of
use cases, according to the companies, Databricks stated. business development. With extensive experience in the
payments industry, including founding Lynx Payments
Visa to acquire Pismo and serving as an American advisory board member
for the Merchant Risk Council, Lynch will enhance
Visa agreed to acquire Pismo, a Brazilian cloud-native the strategic partnership between DisputeHelp, Ethoca,
issuer processing and core banking platform, for $1 bil- and Verifi, DisputeHelp stated, adding that it offers an
lion in cash. This marks the largest fintech exit in Latin acquirer-focused platform for end-to-end dispute man-
America since Nubank's public offering in 2021 and the agement, enabling acquirers to provide comprehensive
largest disclosed startup exit of the year, analysts noted. dispute solutions to their merchant portfolio and gener-
The acquisition is expected to enable Visa to offer com- ate additional revenue streams.
prehensive banking and issuer processing capabilities
and support emerging payment rails like Pix in Brazil for VizyPay welcomes Nick Maas, Doug Drees
financial institution clients, leveraging Pismo's cloud-
native APIs and extensive experience in banking and Payment processing fintech VizyPay appointed Nick
card solutions, Visa noted. Maas as its chief financial officer and Doug Drees as lead
generation expert to further scale its services for small
APPOINTMENTS businesses in rural America. Maas brings over 10 years
of experience as an assistant vice president and business
banker to VizyPay, leveraging a unique mix of strategic
TFPA appoints Dobbie, Bracken and Wright and analytical expertise in his new role. Drees joins
Gregor Dobbie, former CEO of Vocalink, a Mastercard VizyPay with over 15 years of experience helping SMBs
company, was named the new CEO of The Fintech and increase opportunities through marketing and sales
strategies. The additions of Maas and Drees will con-
Payments Advisory Network. The network focuses on
providing practical commercialization guidance to fin- tribute to VizyPay's growth and ongoing commitment
to serving small business owners, the company stated.
tech companies and helps them execute recommenda-
tions. Dobbie will lead the organization in delivering New talent stepping up at SEAA
its transformative vision, filling a gap in the advisory
market for fintech firms, the TFPA stated. In addition, The Southeast Acquirers Association elected John
Roger Bracken was promoted to executive chair, and Shipley from Clearent by Xplor to its Board of Directors.
Additionally, three new members joined the Advisory
Committee: Bill Glass, COO at AltruPay; Alex Daily,
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