Convera Appoints Four Executives to C-Suite
The payments firm has unified its product, technology, and operations teams under a new leadership structure.
Updated on Oct. 23, 2026 in People
Live Poll
Do you trust that integrated financial platforms provide better protection for business payments?
Convera has appointed four new executives to its C-suite as part of a company-wide reorganization. The firm is merging its product, technology, and operations departments into a single organization to better manage its global payment networks.
Why it matters
This leadership shakeup marks a transition from a siloed operational model to a unified delivery strategy. The company aims to enhance customer visibility, valuation, and protection for payments as they move across borders.
Convera processes $200 billion in annual payment flows across 140 currencies and 200 countries. New CTO Jon Southall previously managed $1.5 trillion in annual transaction volume at PayPal, while CIO Chris Steinig brings 25 years of tenure.
The players
Mike Cahill
He serves as the new EVP and Chief Operating Officer at Convera.
Jon Southall
He serves as the new SVP and Chief Technology Officer after managing significant transaction volumes at PayPal.
Tui Allen
She serves as the new SVP and Chief Product Officer for the firm.
Chris Steinig
He serves as Chief Information Officer and has been with Convera for 25 years.
The details
The firm is integrating its cross-border payments, FX risk management, and multi-currency capabilities into a single platform. Convera plans to accelerate development on its Multi-Currency Account and API roadmap following this structural consolidation.
Timeline
June 2026: Mike Cahill began serving as interim executive.
October 23, 2026: Convera announced the four C-suite appointments.
Market Landscape
Convera's consolidation of its technology and product departments follows the broader industry trend of integrating cross-border payment functions into unified platforms. This shift positions the company to compete more effectively against major embedded-finance providers.
The reorganization aims to improve payment visibility and security for clients who move funds across 140 currencies. Customers can expect faster integration of features as the company rolls out new updates to its Multi-Currency Account and API roadmap.
The takeaway
Unified organizational structures can lead to faster product innovation and improved security for complex global payment flows. Businesses utilizing these platforms should watch for new API updates that may simplify their cross-border liquidity management.
What happens next
The company is expected to pursue and announce future commercial partnerships with banks or embedded-finance platforms.
Further reading
Learn more about organizational changes within the financial sector in the People section.
Source note: This article includes information reported by The Fintech Times.
Live Poll
Do you trust that integrated financial platforms provide better protection for business payments?
