Otoma, a payments-focused fintech, has new leadership as part of its official launch.
The New York fintech said in a press release that Peter Reynolds had become CEO and Reuven Ben Menachem is now chairman. Both had senior roles at Fundtech, a payments technology provider.
“Otoma is positioning its platform as an AI-native alternative to traditional payments infrastructure, aiming to reduce banks’ reliance on external vendors and shorten the time required to launch new payment capabilities,” the release said.
The goal is to help banks stay competitive as payments infrastructure evolves.