ISX Financial Appoints New Executive Director to Board to Enhance Leadership

ISX Financial EU PLC Strengthens Leadership with New Appointment

On October 27, 2025, ISX Financial EU Plc (often referred to as ISXX), a prominent Electronic Money Institution (EMI) authorized in the EEA, announced a significant enhancement to its leadership team. The company has appointed Ajay Treon, currently serving as Group Chief Financial Officer (CFO), to the Board of Directors as an Executive Director. This strategic decision comes after receiving a favorable approval from the Eurosystem Central Bank of Cyprus, the primary regulatory body for ISXX.

Mr. Treon, who boasts an extensive 25-year career in the banking sector, is known for his rich experience working with renowned financial institutions such as Lloyds Banking Group, Lehman Brothers, Dresdner Kleinwort, and Credit Suisse. His background not only lends him a deep understanding of traditional banking practices but also equips him with valuable insights into the rapidly evolving fintech landscape, positioning him uniquely to navigate the challenges and opportunities within the industry.

In July 2023, Mr. Treon took the helm as CFO of ISXX, where his leadership has driven the company towards sustained profitability and exceptional performance metrics. Under his stewardship, ISXX celebrated record growth in 2024, demonstrating resilience throughout 2025. The firm has significantly bolstered its Own Funds, enhanced its Net Assets, and maintained robust EBITDA margins, aligning its financial strategies with the demands of innovation, especially in transactional banking and open banking services.

The Chairman of ISXX's Board of Directors, Takis Taoushanis, expressed confidence in Mr. Treon’s capabilities, stating, “Ajay’s appointment significantly strengthens our Board's oversight on financial and risk management, particularly at a time when capital discipline and safeguarding structures are essential. His track record across tier-one financial institutions and his contributions to ISXX’s recent success highlight his value within our governance framework.”

Ajay Treon himself shared his vision upon joining the Board, emphasizing his commitment to advancing ISXX’s strategic goals. He noted, “I am honored and excited to become part of the Board of Directors. I remain committed to enhancing our capital resilience, expanding our transactional banking capabilities, and implementing rigorous financial governance. Our continual focus is on achieving consistent and profitable growth alongside transparent reporting as we execute our evolving market strategy.”

Further comment from Nikogiannis Karantzis, the Managing Director and CEO of ISXX, highlighted how Treon’s Board appointment formalizes the financial rigor that he has already embedded culture-wide within the organization. This strategic alignment aims to streamline transactional banking services and amplify Open Banking capabilities across both the European and UK markets.

As ISX Financial reinforces its governance and operational demands, this leadership change signals a robust proactive approach to meeting the needs of clients in today’s financial climate. The evolution of ISXX under the guidance of seasoned professionals like Ajay Treon marks a pivotal moment in its journey towards becoming a leader in financial technology and banking services in Europe.

For more information about ISX Financial EU Plc and their offerings, visit www.isx.financial.

This recent development reflects ISXX's unwavering commitment to its strategic imperatives and further solidifies its position in the competitive fintech environment.