Ajay Treon Elevated to Executive Director at ISX Financial EU PLC

In a significant move within the European banking sector, ISX Financial EU PLC, an Electronic Money Institution authorized within the EEA, has officially appointed Ajay Treon, the Group Chief Financial Officer (CFO), as an Executive Director on its Board. This decision was made following a no-objection from the Central Bank of Cyprus, which serves as the regulatory authority for the company.

Extensive Experience in Banking and Finance

With a remarkable career spanning over 25 years in the financial industry, Treon brings a wealth of knowledge from his time at prestigious institutions, including Lloyds Banking Group, Lehman Brothers, Dresdner Kleinwort Investment Bank, and Credit Suisse. His background encompasses extensive expertise in financial management, strategic planning, and risk mitigation. Additionally, Treon's experience in the fintech arena enhances his understanding of the evolving financial landscape, vital for ISX as it navigates the complexities of contemporary banking.

Treon is a qualified chartered accountant holding an Executive MBA, alongside a recognized certificate in quantitative finance. This educational background positions him uniquely to address the challenges and opportunities present in today's financial environment.

Achievements Since Joining ISX Financial

Since taking the reins as Group CFO in July 2023, Treon has played a crucial role in steering ISX towards sustainable profitability. The company has showcased strong cost discipline, achieving record performance in 2024 and demonstrating resilience throughout 2025. Under his financial oversight, ISX has fortified its equity and net assets while maintaining robust EBITDA margins. The company has continued investing in innovation, core technology, and talent to drive growth.

The enhancements made to the treasury, hedging practices, and reporting frameworks have synchronized capital deployment with the growth in open banking, e-money, and acquiring services sectors—significant areas of focus for the firm's future.

Strategic Vision for ISX Financial

Takis Taoushanis, Chairman of the Board at ISX, expressed his confidence in Treon's appointment, noting, "Ajay Treon's addition strengthens the board's oversight of finance and risk management at a time when settlement infrastructure, hedging, and capital discipline are critical for execution. His extensive background with top-tier institutions and his contributions to ISX's recent performance make him a valuable asset to our board."

Echoing these sentiments, Ajay Treon stated, "I am honored to join the board and remain fully committed to advancing the company's strategic priorities. Our goals include bolstering capital resilience, expanding our transactional banking capabilities, and maintaining rigorous financial controls. We aim to support consistent, profitable growth through operational discipline and transparent reporting while rolling out our expanding product portfolio and market strategy."

Nikogiannis Karantzis, Managing Director and CEO of ISX, commented on Treon's nomination, highlighting that it formalizes the financial and risk discipline he has instilled across the ISX group. "This supports our execution as we expand transactional banking and open banking services within the EU and the UK," Karantzis noted.

About ISX Financial EU PLC

ISX Financial EU Plc operates as a leading banking technology firm in the EEA, authorized by the Central Bank of Cyprus as an electronic money institution. Regulated by the Financial Conduct Authority in the UK, ISX is committed to providing innovative banking solutions and digital financial services. To learn more about ISX Financial, visit their website at www.isx.financial.