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 16 major institutions as shareholders: Banco Santander, BNY Mellon, Barclays, CIBC, Commerzbank, Credit Suisse, Euroclear, ING, KBC Group, Lloyds Banking Group, Mizuho Financial Group, MUFG Bank, Nasdaq, Nomura, 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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Olga Zoutendijk — Chairperson

Olga Zoutendijk is a renowned global banker, having held senior executive roles in wholesale, investment and retail banking in Asia, Australia, Europe and the United States for over 25 years. In May 2016, she was appointed Chairman of the Supervisory Board of ABN AMRO Group. Olga Zoutendijk was the first woman to lead a Supervisory Board of a stock exchange listed company in the history of the Netherlands. She joined the Board of Governors of Leiden University, one of the leading international research universities in Europe, in June 2016. In April 2019, she was appointed as a member of the Board of Directors of Julius Baer Group, the Swiss-based international wealth management group.

Olga has a successful track record of driving profitable business growth and innovation, building high performance teams and leading sustainability and diversity initiatives.

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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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Angus Fletcher - CEO Fnality UK

Angus started his journey in Fnality as Senior Commercial and Regulatory advisor. Prior to joining Fnality, Angus spent 25 years in regulatory and financial markets within both corporate and investment bank businesses. This includes global transaction banking and markets covering derivatives, securities, FX, collateral management, cash management, trade finance, and market infrastructure. His strengths are his proven track record of regulatory advocacy, his ability to build and maintain strong stakeholder and client relationships at all levels and programme management delivery.

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Russell Jackson - CEO Fnality Services

Russell brings to Fnality Services a deep knowledge of operational resilience, bank capital and liquidity, credit, market, counterparty credit and operational risk. Before joining Fnality, he worked at the the Bank of England, where he was first, the Head of Financial Market Infrastructure Regulation followed by the Head of the UK Global Banks Division, where he led the implementation of operational resilience requirements for the whole UK banking sector whilst overseeing a range of international banking activities. Russell has extensive experience in major international policy negotiations with detailed knowledge of legislative/regulatory frameworks.

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

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