Otoma has officially launched its AI-native, new-generation global payments infrastructure, positioning itself as the "Payments Tech Liberator." The platform is designed to help banks break free from slow, costly vendor cycles and legacy systems, allowing them to innovate and deploy new payment capabilities in near real-time. Alongside the launch, Otoma announced the appointment of fintech veteran Peter Reynolds as Chief Executive Officer.
The Launch: Otoma's AI-native payments infrastructure and development studio.
CEO Appointment: Peter Reynolds (formerly of Fundtech) joins as CEO.
Core Innovation: A no-code "Innovation Suite" including a Payments Visualizer, Any2Any data transformation, and integrated testing.
Key Goal: Reducing payment development cycles from months or years to just days.
Capabilities: Supports end-to-end global transactions, including cutting-edge automation and stablecoin integration.
Headquarters: A new global headquarters has been established in New York City.
Upcoming Event: Otoma will exhibit at EBADay in Copenhagen, June 16–17, 2026.
For decades, traditional banks have struggled to compete with agile fintech firms due to rigid legacy platforms and prolonged vendor development cycles. Otoma’s infrastructure addresses this by providing an agile, no-code environment where banks can build, test, and deploy tailored workflows and automation tools themselves. This shift is intended to help banks regain competitive agility and customer loyalty without the need for massive, high-risk development projects.
"Banks urgently need to be liberated from their tech vendors' slow and costly systems," said Peter Reynolds, CEO of Otoma. "Today’s banks need a payment infrastructure that is easy to implement, support, and use... and leverages cutting-edge AI and automation."
The leadership team at Otoma brings significant pedigree to the payments space. CEO Peter Reynolds and Chairman Reuven Ben Menachem previously led Fundtech, a firm that defined the previous generation of global payment platforms. Their return to the industry signals a focus on modernizing infrastructure for the current AI-driven era.
Chairman Reuven Ben Menachem noted, "My mission has always been to ensure that banks have cutting-edge payment infrastructures... I am delighted to play my part in helping banks break free from vendor dependence and focus on true modernization."
The cornerstone of the Otoma platform is its Innovation Suite. By utilizing no-code tools and Any2Any data transformation, banks can experiment with new features—such as specialized reporting or automated stablecoin workflows—quickly and affordably. This allows institutions to respond to emerging market opportunities in near real-time, effectively closing the gap between traditional banking and modern fintech capabilities.
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, Otoma enables banks to build, test, and deploy new features in days. Headquartered in New York, the company is led by a management team renowned for transforming the global payments landscape. Learn more at otoma.io.
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