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IndustryUpdate

played a key role in XYB’s spin-off from Monese and
its fundraising efforts as an independent entity. Unlock Your

His appointment aims to accelerate XYB’s growth
and establish the company as a prime provider of
cloud-based modular banking, leveraging his stra- Growth Potential
tegic leadership skills and knowledge of the fintech
ecosystem.
Jonathan Locke joins Ingenico With a BCP Loan

Ingenico appointed Jon Locke as its new chief finan-
cial officer. Locke brings over 30 years of experience
in finance and public accounting, having previously
served as chief risk officer at Nova KBM where he
developed key operational and risk management
strategies.

As CFO, Jon will manage all financial operations
and strategies at Ingenico, leveraging his expertise in
financial planning, profitability, strategic growth and
operational efficiency. His deep understanding of
finance and commitment to excellence are expected
to help drive Ingenico’s future success and stability.

Zafin selects Michael Nitsopoulos
Michael Nitsopoulos was appointed as the chief
product officer at Zafin, a provider of SaaS core mod-
ernization and transformation solutions for banks.
Bringing more than 23 years of experience from
various sectors including financial services and tele-
communications, Nitsopoulos joins Zafin from PNC
where he was senior vice president and engineering
director.

At PNC, he led a team of over 1,000 technologists,
achieved significant advancements in retail banking
technology and filed 20 patents, Zafin stated. In his
new role, Michael will drive Zafin's product strategy,
focusing on innovation and scaling solutions to meet
the evolving needs of the banking industry.

Douglas Sabo to advise Karma Wallet
Douglas Sabo, former chief sustainability officer at BOCA
Visa, joined Karma Wallet as a strategic adviser. In CAPITAL
this role, he brings extensive experience from his PARTNERS
15-year tenure at Visa, where he spearheaded global
sustainability and ESG initiatives, Karma Wallet stat-
ed, adding that Sabo is known for his leadership in
the sustainable living movement, contributing to var- Get a loan from $100,000 to
ious platforms like Sustainable Brands and the World
Economic Forum’s Sustainable Tourism Council. $5,000,000 for your ISO today

At Karma Wallet, Sabo will guide the company in
blending ethical practices with financial decisions
to help consumers make impactful and informed Call Now: 844-531-4957
choices through the Karma Wallet Card and its eco-
system. bocacapitalpartners.com

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