Ajay Treon Takes on Executive Role at ISX Financial EU Plc Board

In a significant shift within the corporate governance structure, ISX Financial EU Plc, a regulated Electronic Money Institution based in Nicosia, Cyprus, has announced the appointment of Ajay Treon as an Executive Director on its Board of Directors. This move comes after the Eurosystem Central Bank of Cyprus, the home regulator for ISXX, expressed no objections to this strategic decision.

Ajay Treon, who has been serving as the Group Chief Financial Officer (CFO) since July 2023, holds an impressive record in the banking sector, amassing over 25 years of experience in prestigious organizations including Lloyds Banking Group, Lehman Brothers, and Credit Suisse. His extensive expertise encompasses financial management, risk mitigation, and strategic planning, making him a valuable asset for ISXX as it continues to evolve in a rapidly changing financial landscape.

Since Treon's appointment as CFO, ISXX has reported sustained profitability, marked by notable performance in 2024, and the resilience maintained through 2025. The organization has not only strengthened its Own Funds and Net Assets but has also upheld robust EBITDA margins while investing in innovation and talent acquisition to support its growth ambitions. Enhanced treasury operations and capital deployment strategies in the realms of open banking, e-money, and merchant acquiring are among the pivotal areas where Treon's input is expected to drive significant progress.

Mr. Takis Taoushanis, the Chairman of the Board of Directors at ISXX, emphasized that Treon's addition to the Board reinforces the financial and risk oversight at a time when robust safeguarding and capital discipline are paramount to the company's operational execution. His vast experience within tier-one institutions and contributions to ISXX’s financial performance position him as a critical board member moving forward.

Commenting on his new role, Treon stated, “I am honored to join the Board of Directors. I am fully committed to advancing our strategic priorities, enhancing capital resilience, scaling transactional banking capabilities, and maintaining stringent financial governance. My focus will remain on delivering consistent and profitable growth, ensuring operational discipline, and fostering transparent reporting as we expand our product offerings and market strategies.”

Alongside Treon’s perspective, ISXX's Managing Director and CEO, Nikogiannis Karantzis, remarked that this appointment solidifies the financial governance framework that Treon has been instrumental in embedding throughout the ISXX Group. As the company aims to expand its transactional banking and Open Banking services across the European Union and the UK, Treon's strategic direction will be crucial.

Founded and headquartered in Nicosia, ISX Financial EU Plc is recognized as a pioneering banktech institution authorized to operate as an Electronic Money Institution by the Central Bank of Cyprus, in addition to being regulated in the UK by the Financial Conduct Authority. The company’s innovative approaches to transactional banking and real-time payment solutions have positioned it as a leader in the fintech space.

For further information about ISX Financial EU Plc and its offerings, visit www.isx.financial.

The appointment of Ajay Treon not only enhances ISX’s leadership but also aligns with its commitment to adapt and thrive in the dynamically evolving financial sector, setting a strong foundation for future growth.