With a wealth of experience in building and successfully scaling innovative fintech businesses, including stints at American Express, Klarna, Bread and Alloy, Joyce will spearhead XYB’s growth ambitions as it embarks on its mission to accelerate the world’s transition to accessible and innovative banking.

Joyce comes to XYB with 20 years’ experience in strategic leadership roles in both established and rapidly-scaling fintech businesses. Following his pivotal role in advising on XYB’s separation from Monese and successfully fundraising for it as an independent entity, Joyce will be a cofounder of XYB along with long-time Monese CTO, Jonas Kiiver.

Joyce’s commercial strategic acumen and deep knowledge of the fintech ecosystem will help to position XYB as the go-to provider for cloud-based modular banking.

Before taking the helm at XYB, Joyce was a sought-after advisor to early and growth-stage fintech companies, and was most recently Chief Operating Officer at Alloy, a $1.55 billion identity decisioning platform where he led operationalising hyper-growth. Prior to Alloy, he served as President of Bread, a white label, pay over time solution for financial institutions and merchants, where he was integral in its successful $450 million acquisition by publicly-listed Alliance Data Systems (NYSE:ADS), which has since changed its name to Bread Financial Holdings, Inc. (NYSE:BFH).

Launched in May 2023, XYB empowers banks and non-banks with cloud-native PaaS technology, eight foundational engines, and upwards of 200 adaptable and scalable microservices that fit their business and grow alongside them, in full compliance with all industry regulations.

Unlike other modern providers that offer highly dependent, tightly coupled platforms, XYB offers dependency-free engines and leading-edge cloud native infrastructure. This enables banks to deploy a best-in-class range of truly customer-centric solutions that are complementary to the technology they want to retain.

Already powering solutions for Monese and multiple Tier 1 banks, XYB recently partnered with several global cloud providers to enhance its platform with deeper investment into AI. Previously using AI models in its transaction monitoring solution, XYB is now threading it responsibly through its product suite, aiming to help banks recognise the benefit in a controlled and risk-free way.

Commenting on his appointment, Joyce says: “Banking institutions are facing one of the greatest crises in their recent history. Standing between legacy technology, increasing regulation, greater competition from modern organisations and increasingly cost-conscious customers, they’re finding themselves chained to legacy technology and underserved by modern providers. They’re aware that building themselves is fraught with risk - they’ve been there, done that - so who can they turn to?”

“That’s why I’m so excited to build and scale XYB. Now, as an independent PaaS company, we are ready to charge forward with enormous potential. We are poised to help banks refresh and revolutionise their tech stacks with the digital financial services of today and tomorrow. We empower banks to transform and modernise their legacy systems, integrate new services, and help them prepare for regulatory change with minimal risk.

Our technology, expertise, and partnerships can immediately improve banking efficiencies, reduce operational costs, and deliver exceptional customer experiences. This will position banks at the forefront of innovation, enabling them to thrive with future-proof tech stacks. This freedom and flexibility will drive the future of banking technology, and I am committed to ensuring XYB leads the way.”