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Fnality International
Fnality International operates the Sterling Fnality Payment System, the first fully regulated DLT-based wholesale payment system, backed by 24 global banks.
Fnality International
Fnality is defining the future of payments for banks and businesses,fully backed by funds held at central bank
General information
Firm type
Single Family Office
Year founded
—
AUM
Undisclosed
Location
Region
Europe
Country
United Kingdom
City
London
Corporate office
London, United Kingdom
Principals
Michelle Neal
Group Chief Executive Officer
Rhomaios Ram
Founder & Strategic Advisor
Jan Schoombee
Chief Financial Officer
Gary Chu
General Counsel
Dmitry Rakovitsky
Chief Technology Officer – Interim
Simone Cortese
Chief Product Officer
Teresa Leitão
Chief Risk Officer
Myles Wright
CEO – Fnality Services
Mark Goree
Managing Director – Fnality UK
Sector focus
Frequently asked questions
Who leads Fnality International?
Michelle Neal became Group CEO in 2025, bringing over 20 years of financial services experience including as head of the Markets Group at the New York Fed. Rhomaios Ram, the founder and former CEO, now serves as Strategic Advisor.
How is Fnality's payment system different from a stablecoin?
Each Fnality Payment System is fully backed 1:1 by funds held at the central bank (Bank of England for £FnPS), not by commercial bank reserves or corporate assets. The system operates under full regulatory oversight as a regulated payment system, distinct from unbacked or partially backed digital assets.
Which banks are shareholders in Fnality?
Fnality is backed by 24 of the world's leading financial institutions, though the firm does not publicly name all shareholders. The consortium structure means banks are both owners and users of the payment system.
Does Fnality support cross-border payments?
The Sterling Fnality Payment System is the first in a planned global network of payment systems. Fnality's roadmap includes enabling real-time PvP settlement across multiple currencies, with each currency's payment system operating in its own jurisdiction.
What investment stages does Fnality target?
Fnality operates as a regulated payment infrastructure utility, not as an investment firm. It does not make fund commitments or direct investments; its capital is deployed into building and operating DLT-based payment systems.
How does Fnality generate revenue?
As a regulated payment system, Fnality charges transaction fees to participant banks for settlement services. The model mirrors central bank payment infrastructure economics but with 24/7 availability and atomic settlement capabilities.
Is Fnality related to the family of a specific wealthy individual?
No. Fnality International is a consortium-owned infrastructure company, not a family office. It is owned by a group of global banks and managed independently.
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