Nobody can achieve success in any field, let alone financial technology, without possessing a flair for innovation. This is how Tom Greenwood, Founder and CEO at Volt, was able to cultivate a career in fintech leadership which has stretched for over 20 years.
It was in 2013 when Greenwood “saw the very early signs of embedded finance” at IFX Payments, a company he co-founded in 2005. Building a product at IFX called ibanq, a banking-as-a-service (BaaS) platform which is one of the industry’s first to flirt with embedded finance, Greenwood oversaw ibanq’s construction, which today processes over US$10bn annually.
Co-founding IFX alongside CEO Nick Williams, Greenwood – as COO – oversaw product strategy, regulatory compliance, operations, legal and HR; significant departments of the business.
At the time of its founding, IFX Payments actually pre-dated fintech; it functioned as a foreign exchange, hedging, risk management and treasury platform. Greenwood’s product, therefore, helped shift the course of IFX’s corporate identity into a new age of fintech.