UK-based paytech Cardstream has appointed former FIS exec Gurinder Sumra as its new chief financial officer (CFO).
In his new role, Cardstream says that Sumra will look to drive the company’s growth with a focus on new partnerships and potential mergers and acquisitions.
Sumra brings over 30 years of experience in financial services to the role, having previously held leadership positions such as commercial finance director at VocaLink, CFO at OneVu, and CFO for FIS’s banking and payments division across the EMEA region. He also previously served for over six years as the CFO of Elavon’s European payment-acquiring division.
Founded in 1999, Cardstream offers a wide range of payment services, including transaction monitoring, payment facilitation and acquiring, routing, and onboarding verification and management.
With its Open Payment Network, Cardstream claims to connect more than 400 global acquirers, fraud detection systems, commerce solutions, and payment methods in over 120 countries.
Speaking on his decision to join Cardstream, Sumra says that there is a “clear opportunity in the payments sector”, with “participation in the value chain” moving “further away from traditional operators to merchants and their facilitators – and this is where Cardstream will win”.
