About Us

Fnality International started its life as a pure research project to better understand how DLT could change financial markets. The project grew to include a consortium of financial institutions who wished to explore how Blockchain and Distributed Ledger Technology (DLT) could use tokenised cash assets to settle securities trades. In so doing it sought to alleviate many of the FMI challenges. 

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The initiative became known as the Utility Settlement Coin (USC) Project, with a core objective; the creation of a peer-to-peer digital cash asset to settle tokenised transactions with finality.  

The payment solution needed to be:  

  • Available in multiple currencies to allow for greater efficiencies in managing fragmented liquidity.
  • Capable of inter-operating across multiple business platforms, whether to support PvP or DvP settlement of financial transactions.
  • A digital representation of money held in a central bank account to ensure banks could rely upon its value as they would fiat currency.

Having established that these aims were both theoretically and technically possible, the consortium members took a step toward building the system, to enable ‘on-chain’ payment, by investing in the creation of Fnality International (Fnality). 

Fnality now boasts 15 major institutions as shareholders: Banco Santander, BNY Mellon, Barclays, CIBC, Commerzbank, Credit Suisse, ING, KBC Group, Lloyds Banking Group, Mizuho Financial Group, MUFG Bank, Nasdaq, Sumitomo Mitsui Banking Corporation, State Street Corporation, and UBS.  

Leadership Team
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Rhomaios Ram — CEO

A former Banking Executive with 22+ years of experience, including most recently Global Head of Product Management for Transaction Banking at Deutsche Bank, Rhom has developed an interest in creating digital businesses for finance and finance related areas. He brings experience of working across a wide variety of wholesale banking businesses and functions including sales, trading, product management, and technology to his role at Fnality. The majority of his experience has been developing businesses where the product is at the intersection of finance and technology.

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Jan Schoombee — CFO

Jan has 20+ years of experience across multinational listed financial services groups and entrepreneurial growth ventures. He has worked as CFO, founder, and in commercial roles covering business development, product innovation, and corporate development. His sector exposure includes banking, insurance, payments, and fintech. Jan has a keen interest in technology and how it is changing the business and entrepreneurial landscapes. He is a chartered accountant with a masters degree in history and qualifications in finance and marketing.

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Adam Clarke — CTO

Adam has 18+ years experience working with corporates and start-ups in technical roles from developer to CTO. He has worked as an architect in several large investment banks focussing on treasury. With a particular interest in progressing technology in new and interesting ways, specifically providing solutions that are scalable, reliable and decentralised, he has experience of building operations teams to support such systems.
He brings knowledge from a number of industry sectors including banking, insurance and retail.

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Nicola Els — MD: Commercial

Nicola has significant experience in a range of technology environments including digital banking, payments, eCommunication & Cognitive Computing. Her expertise includes strategy development, implementation and day-to-day operations of digital technology products and services that impact a company's bottom line. At Fnality, Nicola is responsible for the definition and execution of strategies to deliver on company objectives by building strong consumer relationships.
She takes the lead in creating and reaching measurable  growth targets and the delivery of on-going business performance reporting

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Robert Fanshawe — CPO

A highly driven entrepreneurial People & Talent leader with global experience delivering HR solutions for listed and scale-up companies across Ad-Tech, FinTech and HR-Tech, one of which he founded. Rob's mission is to help people and opportunity meet. He is focussed on driving business results for Fnality through hiring, engaging and helping develop the best talent in the market who are passionate, smart and bring with them a learning mindset.

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Jim Turley — Chairman

Jim spent his banking career with Deutsche Bank, and before that Bankers Trust, in both Tokyo and London. Most recently he was Global Co-Head of Group Technology and Operations at Deutsche Bank. From 2011 – 2013 Jim held the position of Deutsche Bank’s Global Chief Operating Officer for Transaction Banking, having previously held senior cross asset sales and trading management positions within the Global Markets Division. Jim served on Deutsche Bank’s Executive Committee as COO, was on the Group Operating Committee and also chaired the Global Markets Culture Committee. In addition, Jim has served on the board of the DTCC and the NY Fed Foreign Exchange Committee. He brings a wealth of leadership experience across Operations, Technology, Risk, Legal and Finance.

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Gary Chu — General Counsel

Gary combines legal excellence with a deep understanding of business, technology and policy drivers to deliver first rate advice. Before joining Fnality International, Gary practised law at a global investment bank and at leading firms in England and Australia. His work in FinTech has been recognised by FT Innovative Lawyers Awards Europe and Legal500 UK. He holds a law degree from The University of Melbourne, as well as qualifications in finance and music.

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Daniel Heller — Regulatory Affairs — Advisor

Daniel is an expert in financial sector regulation and financial stability. He held various senior positions at the Swiss National Bank (SNB), the Bank for International Settlements (BIS)  and the International Monetary Fund (IMF).  As a visiting fellow at the Peterson Institute for International Economics (PIIE) in Washington he published widely on the impact of blockchain based financial innovation and how it should be regulated. He received a PhD degree in Economics from University of Bern and was a research fellow at Stanford University.

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Stephen Ram — Organisation & Change — Advisor

Stephen is a founding partner In Cedus, a company that specialise in helping organisations implement effective agile structures that result in a high return-on-investment and rapid delivery of value. He has a 25 year career as a senior change leader in Financial Services and is highly experienced at helping organisations succeed through the implementation of agile-at-scale and fully agile organisation structures. Career history includes the structuring and delivery of numerous large, ambitious and complex change initiatives, all using the latest industry thinking and techniques.

Partnerships & Trade Associations

Fnality International is an active member of the Ethereum Enterprise Alliance (EEA). Our aim was to join with a global community of leaders, adopters, innovators, developers, and businesses, who collaborate on creating an open, decentralized web that drives interoperability for businesses and consumers worldwide. In order to accelerate the adoption, Fnality International collaborates with the other EEA members to set up standards that will benefit all industries, and to provide research and development in a range of areas, including privacy, confidentiality, scalability, and security.

For more information visit - https://entethalliance.org/


Fnality International is member of the International Securities Services Association (ISSA), a not-for-profit, international organisation that brings together influential securities services leaders, experts, regulators, and other industry stakeholders to foster international coordination and collaboration. Fnality International is collaborating with the members’ community to actively contribute to the development and promotion of DLT centric solutions.

For more Information visit - https://www.issanet.org/

To find out more about joining the Fnality team

Visit our Careers page