Marking a definitive milestone in its two-decade evolution from a legacy FX brokerage into a high-growth fintech powerhouse, IFX Payments has announced a major corporate restructure live at the Money20/20 conference. The service-led alternative banking partner detailed a multi-front scale-up strategy, introducing a greenfield rebuild of its signature payments platform, a reshuffled C-suite lineup, and a premium global operations hub in the City of London.
The sweeping expansion arrives as cross-border transactional finance demands greater technical agility, tighter regulatory compliance, and consolidated operational infrastructure to support distributed enterprise trade.
Engineering the Greenfield Stack: ibanq 2.0
The centerpiece of the company’s technology roadmap is the rollout of ibanq 2.0, a complete, ground-up architectural overhaul of the proprietary payments and treasury engine that clients have utilized since 2019. Rather than adding incremental layers onto its legacy code, the firm opted for a greenfield engineering approach to optimize speed, capacity, and feature deployment.
The upgraded platform simplifies complex treasury management by introducing a series of native operational enhancements:
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Unified Access Rails: It provides businesses with a single, streamlined API connection to international payment rails.
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Accelerated Compliance Workflows: Onboarding timelines have been drastically compressed via automated data verification pipelines.
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Broader Foreign Exchange Scope: The rollout expands the platform’s multi-currency coverage layer, improving global liquidity options for cross-border commerce.
Crucially, the architecture has been designed to serve a dual-proposition model out of a single integrated system. It simultaneously anchors high-velocity payment and collections infrastructure for scaling fintechs while delivering flexible alternative banking, virtual IBAN configurations, and corporate mass-payout services for international enterprises. Over the coming months, IFX Payments will begin systematically migrating its existing client base onto the newly activated ibanq 2.0 framework.
C-Suite Realignment and Regulatory Defense
To match this advanced infrastructural phase, IFX Payments has optimized its executive structure to strengthen its commercial focus and scale technical engineering.
The primary executive adjustments include:
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Adam Dowling transitions from chief operating officer into the role of chief commercial officer (CCO), taking full ownership of global commercial strategy and go-to-market execution.
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Anastasia Evans steps up into the chief operating officer (COO) position, expanding her corporate oversight across group operations, legal frameworks, and human capital, having served as Group General Counsel since 2020.
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Murat Ates ascends to chief product and technology officer (CPTO), taking formal control of engineering, product design, data science, and information security (infosec) pipelines.
Simultaneously, the firm is heavily reinforcing its defensive compliance barriers to navigate a tightening global regulatory climate. Under the supervision of Sara Cass, chief risk and compliance officer, IFX has onboarded three specialized risk veterans: Deon Vermaak joins as head of internal audit, Daniel Caicedo-Ruiz steps in as compliance director, and Kasia Earle takes the role of risk director. This coordinated recruitment effort ensures the firm maintains institutional-grade internal oversight as its transaction volumes scale across border corridors.
Consolidating Global Operations in St Paul’s
Completing this growth phase is the formal relocation of the firm’s corporate base to The Carter, located at 11 Pilgrim Street in the heart of London’s St Paul’s district. Outfitted by corporate office design specialists IKON to prioritize collaborative execution, the new facility serves as the primary centralized hub anchoring IFX’s expanding global operations across the United Kingdom, the United Arab Emirates (UAE), and Canada.
“This is a defining moment in IFX’s journey, one that not only reflects how far we’ve come over the past twenty years, but the ambition we have for the future,” stated Will Marwick, chief executive officer of IFX Payments. “The team we have in place provides us with exceptional expertise and leadership, while the rollout of ibanq 2.0 demonstrates what continual innovation looks like in this fast-paced sector. Our new home in The Carter provides a world-class environment that lets our team perform at their best and gives us the platform to engage clients and the wider market in a way that matches our capabilities.”
Now managing a global footprint of over 200 finance and technology professionals across corporate outposts in London, Amersham, Warsaw, and Dubai, the fintech’s triple-pronged investment in platform stability, leadership depth, and physical infrastructure indicates that the next era of alternative B2B banking will be won by firms that combine deep institutional risk logic with modern, friction-free software.
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