About Otoma
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Otoma is the Payments Tech Liberator, providing banks a new-generation global payments infrastructure that frees them from vendor dependence.
Delivered as a complete end-to-end payments infrastructure and development studio, with embedded AI throughout, Otoma enables banks to build, test, and deploy new payment capabilities in near real-time. The no-code Innovation Suite includes a Payments Visualizer, continuous integrated testing, and Any2Any data transformation. These key capabilities eliminate complexity, accelerate innovation, and help banks regain their competitive agility in payments. Otoma’s management team is renowned for transforming the payments landscape during the last major technology shift when they led Fundtech and partnered with hundreds of banks worldwide. And now they are back - to put banks in the driver’s seat once again.
Otoma Manifesto
Payment modernization needs to offer technology and tools that enable banks to conceive, build, test, and deploy new features and capabilities in near real time. No longer painting over cracks, this new approach requires a new foundation. Banking is still built on trust. But in payments, trust is no longer enough.
The modern banking customer, both retail and corporate, expects payments to behave like every other digital experience: real-time, transparent, self-serve, and continuously improving.
Meanwhile, banks must operate in an ever-evolving world of always-on resilience, intensifying risks related to financial crime, regulatory compliance, liquidity, and operational risk, amid more competition and shrinking margins.
And still, most payment stacks remain anchored in technology built for a bygone era.
It is also a statement of why Otoma exists: to help banks regain control of payments and win the next era of relevance by replacing legacy technology plumbing with a modern foundation designed for how payments work now and, importantly, how they will evolve over the next decades. Put simply: Otoma enables banks to compete and win the fight for relevance with the customer.
This manifesto calls for stopping the practice of painting over cracks. To stop “modernizing” by adding yet another layer. To stop accepting months-long timelines for changes your customer demands in days, or even in real time.
From Legacy to Agility: The New Era of Payments Infrastructure and Innovation
Why Otoma Exists
Read the full Otoma Manifesto From Legacy to Agility: The New Era of Payments Infrastructure and Innovation here
As a result, the Otoma team understands what it takes to run modern payments at scale worldwide. Led by seasoned growth CEO Peter Reynolds, a former Fundtech executive, the company is chaired by Reuven Ben Menachem, Fundtech’s founder and CEO, who co-founded Otoma with Zack Yaniv, Fundtech’s global head of payments.
Otoma was born of deep experience in the payments market. Its team previously founded Fundtech and built it into the world’s leading global payments systems provider during the last major innovation cycle.
Fundtech drove the industry’s transition from Payments 1.0 (mainframe-based systems) to Payments 2.0 (the payment hub). By recognizing early, the need for a new generation of payment technology, the team achieved unprecedented success - earning adoption by dozens of the world’s largest banks, many of which continue to rely on that technology today.
Fundtech drove the industry’s transition from Payments 1.0 (mainframe-based systems) to Payments 2.0 (the payment hub). By recognizing early, the need for a new generation of payment technology, the team achieved unprecedented success - earning adoption by dozens of the world’s largest banks, many of which continue to rely on that technology today.
Otoma’s founding idea begins with a simple observation: a bank’s payments problem isn’t in isolation. It’s a technology foundation problem that expresses itself most painfully in payments, where speed, interoperability, risk, and customer expectations collide.
Our leadership team is a group of global fintech veterans who take pride in guiding start-up companies from the very initial stages and turning them into world leaders. With unrivaled experience implementing mission-critical systems at hundreds of large enterprises around the world, we understand the challenges firsthand.
Meet the Leadership team
Reuven Ben Menachem
Co-Founder and Chairman
Zack Yaniv
Co-Founder & COO
Mark Wilson
Sales and Marketing
Hagit Bata
Head of product
Peter Reynolds
CEO
Peter Reynolds
CEO
Peter Reynolds is a seasoned fintech CEO with more than two decades of experience leading high-growth financial technology companies. Recognized as one of the Top 50 Financial Technology CEOs by The Financial Technology Report, he holds a Law degree from London Guildhall University and began his career at HSBC. He has since held senior leadership roles at Thomson Reuters, Reval, Fundtech, AimBrain, Earnix, and ThetaRay, building a strong track record of driving growth and scaling businesses across global markets.Peter is based in London.
Reuven Ben Menachem
Co-Founder and Chairman
Reuven is the founder and former CEO of Fundtech, a leading global provider of software to the fintech industry. In 2015 Fundtech was sold to D+H for $1.25B. Today, Reuven is the chairman of several boards of directors of leading fintech companies as well as social ventures.
Zack Yaniv
Co-Founder & COO
Zack has over 20 years of experience in managing software companies, being fully responsible for products’ entire lifecycles, including R&D, product management, customer implementations, and P&L. He managed hundreds of people across multiple locations and a global client base that included most of the world’s largest banks.
Mark Wilson
Sales and Marketing
Mark has over 25 years of experience in sales and marketing of technology solutions for the banking and financial sectors. He has led business development at leading payments and transaction banking tech companies, including Fundtech, Dovetail, and Intellect, where he played a key role in shaping their strategic direction and driving significant growth.
Hagit Bata
Head of product
With 18+ years in Product Management, Hagit has driven payment solutions across large-scale software projects, from analysis to deployment. Her deep expertise in payments enables her to work closely with partners to deliver optimal solutions and actively contribute to industry forums. Her strategic vision and commitment to payment innovation ensure her products meet market demands and maintain a strong competitive edge.
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