XYB, the coreless banking platform appoints Derek Joyce as CEO

By Gloria Methri

XYB, a global coreless banking specialist, has appointed FinTech veteran Derek Joyce as the company’s CEO. With a wealth of experience in building and scaling innovative FinTech businesses, including stints at American Express, Klarna, Bread and Alloy, Joyce will spearhead XYB’s growth ambitions.

Joyce comes to XYB with 20 years of experience in strategic leadership roles in established and rapidly scaling FinTech businesses. Following his pivotal role in advising on XYB’s separation from Monese and successfully fundraising for it as an independent entity, Joyce will be a co-founder of the company along with long-time Monese CTO Jonas Kiiver.

Joyce’s commercial strategic acumen and deep knowledge of the FinTech ecosystem will help position XYB as the go-to provider for cloud-based modular banking.

Before taking the helm at XYB, Joyce was an advisor to early and growth-stage FinTech companies and was most recently Chief Operating Officer at Alloy, a $1.55 billion identity decisioning platform. Prior to Alloy, he served as President of Bread, a white-label, pay-overtime solution for financial institutions and merchants.

Launched in May 2023, XYB empowers banks and non-banks with cloud-native PaaS technology, eight foundational engines, and upwards of 200 adaptable and scalable microservices that fit their business and grow alongside them in full compliance with all industry regulations.

Commenting on his appointment, Joyce said, “As an independent PaaS company, we are ready to charge forward with enormous potential. We are poised to help banks refresh and revolutionise their tech stacks with the digital financial services of today and tomorrow. We empower banks to transform and modernise their legacy systems, integrate new services, and help them prepare for regulatory change with minimal risk. Our technology, expertise, and partnerships can immediately improve banking efficiencies, reduce operational costs, and deliver exceptional customer experiences. This will position banks at the forefront of innovation, enabling them to thrive with future-proof tech stacks.”