Irish company TransferMate Global Payments, the market-leading, international choice for businesses worldwide that send and receive foreign currency payments are delighted to announce the appointment of noted FinTech leader Peter Oakes, the former Director of Enforcement and AML/CTF Supervision at the Central Bank of Ireland to the position of Non-Executive Director with immediate effect.

The appointment of Peter Oakes is a further validation of the company’s prominent standing in the FinTech and international traded services sectors as an organisation that is successfully driving the application of disruptive technologies to change the face of the global financial industry.

Peter Oakes has held senior regulatory supervision roles in Australia, United Kingdom, Ireland and Middle-East and senior executive positions in payments and investment services regulated across Europe and the United States. Peter will further bolster TransferMate’s course as they continue to expand into new territories internationally.

Commenting on his appointment, Peter Oakes,
“TransferMate’s ascendancy has been nothing short of remarkable. The products and services they have developed are ground-breaking and they offer truly compelling solutions for businesses around the world. By successfully securing regulatory approval across the globe, TransferMate has effectively achieved what no other Irish company (and fewer than four others in the world) have done. Combined, such highly advanced solutions with this global regulatory footprint, TransferMate’s offerings are truly unique. I am very pleased and excited to have the opportunity to join the Board of TransferMate and I look forward to contributing to the continuing successful strategic growth and expansion of this great international FinTech business.”

While at the Central Bank, which he joined following the financial crisis, Peter was a member of the senior leadership team, and of Central Bank committees, including senior management, policy and supervisory risk charged with re-designing and restructuring the Central Bank towards becoming a best in class regulator focussed on financial stability and consumer protection. As Director of Enforcement and AML/CFT Supervision he was responsible for introducing and leading the Central Bank’s new investigation and enforcement powers.

Sinead Fitzmaurice, Co-Founder of TransferMate and CFO of the Taxback Group said,
“I am delighted that Peter Oakes has agreed to accept the role of Non-Executive Director and that the Board has secured the services of someone with the breadth of his international FinTech and senior central banking and regulatory experience and extraordinary ability to build long-term sustainable growth. I look forward to working with him and the rest of the Board as we continue to establish TransferMate as the trusted choice for international businesses seeking to send and receive funds internationally via a truly sophisticated international payments system.”

Terry Clune, Chairman of TransferMate and The Taxback Group further added,
“The Board and I are delighted to have Peter Oakes joining us. Peter brings a level of experience and knowledge of international financial markets that is truly unmatched. This quality and ability will only serve to reinforce our standing as a genuine global disruptor across the global FinTech sector.”

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