Amsterdam-based financial technology firm Adyen has
appointed Tom Adams as its new Chief Technology Officer. Adams will step into the
role as Adyen prepares to further innovate and expand its single platform,
which integrates payments, data, and financial products.
Replacing Adyen’s Long-Serving CTO
According to the company, this initiative comes as
Alexander Matthey, Adyen’s long-serving CTO, prepares to step down after a
decade of pioneering work. Pieter van der Does, the Co-Founder and Co-CEO of Adyen,
expressed confidence in Adams’ ability to drive the company’s technological
vision forward.
He said: “As we look at the opportunity ahead, we find
ourselves in a key position to solve for the continued complexity that we see
in the payments landscape. With Tom’s experience in building and leading a
global engineering organization, as well as driving product innovation at
scale, we look forward to his contributions as we advance the benefits of our
single platform.”
Adams brings a wealth of experience to Adyen from his
previous role as Head of Engineering at Cash App, a business vertical under
Block. His new position will involve overseeing the strategic and technological
direction of Adyen’s integrated platform, a crucial asset in the company’s
global operations.
Dutch Central Bank Approval
Adams’ appointment as CTO has reportedly received the
green light from the Dutch Central Bank. However, his
formal entry into the role is contingent upon approval from Adyen’s
shareholders, which will be sought at an upcoming Extraordinary General Meeting
(EGM). The company plans to send out a convening notice for the EGM in the near
future.
“As the financial services industry continues to
digitalize, and as we see shopper expectations continue to evolve, there is
immense opportunity to drive innovation in this space,” Adams said.
“I look forward to joining this exceptional team to help continue to
execute Adyen’s long-term growth ambitions and to drive customer-led
innovations at scale.”
Recently, Adyen expanded its operations in India after
obtaining approval from the Reserve Bank of India to operate as an online
payment aggregator. The permission enables the company to process domestic
and cross-border payments in India. As part of the arrangement, Adyen reportedly
seeks to establish a technology hub in Bengaluru and launch local payment
processing capabilities.
Adyen’s local payment processing promises merchants in
India the ability to optimize transactions. It is reportedly part of the company’s broader payment
platform, which provides various services under a single system.
This article was written by Jared Kirui at www.financemagnates.com.
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