Fnality International has announced the appointment of Michelle Neal as its new CEO. Neal, currently executive vice president and head of markets at the Federal Reserve Bank of New York (NY Fed), will join Fnality in the first quarter of 2025. She has industry experience at BNY Mellon, Deutsche Bank, Nomura, Royal Bank of Canada and Royal Bank of Scotland.
Fnality is a DLT settlement platform that launched the Sterling Fnality Payment System last year, which is supported by 20 global institutions. Angus Fletcher is the CEO of Fnality UK. The company's system relies on an integrated central bank account that holds funds to support tokenized central bank currencies. The platform plans to launch dollar and euro solutions, which require approval from the relevant central banks.
Previous news, Fnality founding CEO Rhomaois Rham plans to resign.