Payfare bolsters senior management team
26 November 2018 Toronto
Image: Shutterstock
Payfare, a Canadian fintech innovator, has bolstered its new senior management team with the appointment of Chris Seip as chair and CEO, Charles Park as CFO, and Brian Miller as COO and CTO.
Seip, who was COO and head of investor and treasury market services at RBC from 2012 to 2016, joined Payfare as CEO in September.
At RBC, Seip oversaw the global management of deposit taking, liquidity management, and short-term funding as well as foreign exchange, securities lending and asset management.
He was also responsible for $50 billion USD liquidity portfolio, $40 billion USD of liability issuance and $100 billion USD of intraday liquidity.
Meanwhile, Park is a chartered accountant, certified internal auditor and certified public accountant.
Park has held several finance leadership positions at growth-orientated technology, financial services and telecom companies.
Miller has more than 20 years of experience as a technology leader and has held executive positions in private and public companies, which span financial services, healthcare and logistics, including IBM.
Seip commented: 鈥淭he emerging gig-economy can't thrive with traditional payment cycles. Almost half of households in North America can't manage an unexpected expense of $400.鈥�
鈥淧ayfare is disrupting payment cycles and empowering workers with same day earnings creating affordable and effective working capital solutions for better cash flow to cope with every day and unexpected expenses.鈥�
He added: "With our senior management team in place, Payfare is committed to delivering financial inclusion to gig workers globally so they're no longer beholden to pay cycles, credit cards or steep payday lending rates."
Seip, who was COO and head of investor and treasury market services at RBC from 2012 to 2016, joined Payfare as CEO in September.
At RBC, Seip oversaw the global management of deposit taking, liquidity management, and short-term funding as well as foreign exchange, securities lending and asset management.
He was also responsible for $50 billion USD liquidity portfolio, $40 billion USD of liability issuance and $100 billion USD of intraday liquidity.
Meanwhile, Park is a chartered accountant, certified internal auditor and certified public accountant.
Park has held several finance leadership positions at growth-orientated technology, financial services and telecom companies.
Miller has more than 20 years of experience as a technology leader and has held executive positions in private and public companies, which span financial services, healthcare and logistics, including IBM.
Seip commented: 鈥淭he emerging gig-economy can't thrive with traditional payment cycles. Almost half of households in North America can't manage an unexpected expense of $400.鈥�
鈥淧ayfare is disrupting payment cycles and empowering workers with same day earnings creating affordable and effective working capital solutions for better cash flow to cope with every day and unexpected expenses.鈥�
He added: "With our senior management team in place, Payfare is committed to delivering financial inclusion to gig workers globally so they're no longer beholden to pay cycles, credit cards or steep payday lending rates."
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