Our People

Paul Ormrod

Founder & Executive Vice Chairman

As Founder of Cashfac Paul pioneered the development of Cashfac Virtual Bank Technology® (VBT) which has driven the company’s growth and is now deployed in organisations around the world. Paul continues to champion innovation within the company, working with clients and internal teams to shape the future direction of the company’s solutions and services.

Prior to founding Cashfac Paul held leadership positions in several financial services firms including being the founding director of Lloyds Bank Stockbrokers and the finance and operations director of Lloyds’ government bond trading operations. Subsequently, Paul was the lead consultant in the creation of Nomura’s government bond market-making operations in London.

As a Price Waterhouse management consultant Paul’s focus was large scale capital markets operations, banks and compliance; establishing the computer audit capability in Singapore and leading IT reviews for the Financial Services, Defence and Retail industries.

Paul is a member of the Securities Institute and a Fellow of the Chartered Association of Certified Accountants. He is also a member of the London Society of Rugby Football Union Referees.

Richard Cummings

Chief Executive Officer

With over 25 years’ experience in global banking and financial markets, and more recently in the B2B2C sector Richard has developed a career and reputation for being entrepreneurial and driving businesses to succeed. At Cashfac Richard oversees the execution of the company strategy across all areas of the business.

Prior to joining Cashfac Richard was COO of AlertMe, the leading technology innovator in cloud-based Smart Home Services. During this time Richard managed all aspects of development and operations as well as key relationships with downstream retailers. Previously Richard was EVP, Major Markets, at SmartStream Technologies where he grew and managed the company’s customer-facing operations in the UK, the Americas and Asia Pacific.

Prior to SmartStream Richard led several large sales and client services operations at Reuters and Sungard where he was Business Development Director for Risk Management at Reuters and ran Sungard’s Financial Systems Asia Pacific operation.

Helena McInally

Company Secretary and Director of Corporate Services

Helena is Company Secretary and leads the Cashfac teams responsible for Regulatory Compliance, Staff Well-Being services, Finance, Legal Services including patenting and contracts, and shareholder communications.

She coordinates all these services covering Cashfac operations in Australia, Ireland, The Netherlands as well as the offices in the UK. Helena was one of earliest team members at Cashfac progressing to Group Company Secretary after graduating with the ICSA in 2006 and she firmly supports the philosophy of internal training and promotion.

Under Helena’s guidance, Cashfac PLC became a regulated business in October 2018, licensed as a Payments Services Provider and her team works continuously to meet the strict governance obligations of that licence, protecting stakeholder interests.

Kevin Stewart

Chief Technology Officer

Kevin leads all technology development at Cashfac. Most recently he has overseen the delivery of Cashfac’s banking app, Slide. Having worked at Cashfac since 1996 he knows the product set from the inside having started out as a developer and moving through to the senior management team. Kevin helps shape Cashfac’s strategic direction in native cloud technology and, having seen the progressive migration of Cashfac’s customer base through each series of its Virtual Bank Technology, he knows the value to the end customer of predictable delivery.

Prior to joining Cashfac, Kevin worked for 6 years as a Software Developer on simulation and training solutions in military applications. Kevin holds a BEng in Communications and Electronic Engineering from Napier University, Edinburgh.

Catrin Stainer

Head of Finance

Catrin is responsible for the finance function including Statutory Reporting and forecasting.

Catrin holds a degree in Economics and Econometrics from the University of Sheffield and is a qualified Chartered Accountant who trained in Manchester with Ernst & Young.

Prior to working at Cashfac she held financial positions at a London Advertising Agency and for many years headed up the UK Finance function for Warner Music Group.

Lee Cottrill

Director of Operations

Lee is responsible for the Global Cashfac Managed Operations, Technical Services and Application Support teams which complete FCA regulated Payment Initiation Services (PIS) and Account Information Services (AIS) on behalf of Cashfac customers.

In addition, Lee is responsible for the overall management of Cashfac’s IT infrastructure which includes the Cashfac Cloud; a segregated secure hosting services platform that utilises Microsoft Azure spanning multiple geographical regions.

Lee has been with Cashfac since the Managed Services function was formed in 2007, working with customers at various stages as an Analyst, Service Manager and Head of Managed Operations. In that time, he has successfully managed two data centre migrations culminating in the adoption of a public cloud infrastructure in Azure and been involved in numerous projects. As Director of Operations, he has formed part of the team that has allowed Cashfac to successfully gain FCA regulated status as a PISP and AISP.

Prior to joining Cashfac, Lee worked as a Marine Engineer on crude oil tankers and as a Croupier whilst completing an honours degree in Computer Networks and Distributed Systems.

Tiffany Stockton

Director of Implementation

Tiffany is the Director of Implementation Services at Cashfac. As Head of Implementation Services, Tiffany manages the Implementation Services team who are responsible for the successful delivery of all Virtual Bank Technology projects.

Prior to joining Cashfac Tiffany was at Fraxion Software responsible for managing the professional services division in the UK. This included managing the service delivery teams implementing large scale solutions into banks and large non-bank financial institutions.

Tiffany holds a Bachelor of Business Science with Honours from the University of Cape Town and has over 15 years’ experience in the delivery of large-scale business solutions. This includes complex cash management and bank connected solutions into bankruptcy platforms, investment platforms, pension and wealth management organisations.

Teresa van Rooyen

Director of Quality Assurance

Teresa, originally from South Africa began her career in software testing when working as a Product Specialist for the International Trade division for one of the largest South African Banks. This was when she realized that a career in software testing was what she wanted to pursue.

After moving to Scotland, Teresa joined Cashfac as a Software Tester and now oversees the Quality Assurance function across all projects. She has recently taken on a new role of ensuring the smooth implementation of the project scrum teams which will allow for better service and delivery to Cashfac’s customers. Teresa is ISTQB Certified at Advanced Test Manager Level and has completed her ILM Level 4 Award in Leadership and Management.

Graeme McKee

Director of Marketing

Graeme is a marketing expert with an in-depth understanding of how to build the brand and lead generation of financial software organisations. As Director of Marketing at Cashfac, Graeme is responsible for creating and delivering Cashfac’s full marketing and communications strategy.

Graeme holds a First Class Honours Degree in Marketing from the University of Strathclyde and a Level Six Diploma in Professional Marketing from the Chartered Institute of Marketing (CIM), where he also volunteers as a CIM Mentor to assist junior and less experienced members. Graeme also sits on the Board of Trustees for the Scottish charity ‘Children’s University Scotland’.

Tim Martin

Head of Product and Pre-Sales

Tim Martin has worked in the banking and financial services sector for over 29 years.

Currently, he is a Head of Product and Pre-Sales at Cashfac and is responsible for defining the product strategy and ensuring the roadmap aligns with the company’s customers and bank partners. Working with the Sales team, Tim helps prospects to understand the value proposition.

Prior to Cashfac Tim was at SmartStream Technologies for 12 years, as a product manager, alliances manager and pre and post-sales consultant. Prior to this Tim was at Broadridge for 12 years, covering product management, project management and development roles.

John Ferguson

Chief Risk Officer

As Chief Risk Officer John reports directly to the CEO and is responsible for Group Risk Management. His responsibilities include ownership of the strategic and operational risk framework and ensuring its alignment to business strategy. John works closely with the Head of Compliance on governance, risk and compliance projects across the business, including the maintenance and extension of Cashfac’s certified Information Security Management System.

John has a total of 18 years’ experience with Cashfac, previously holding roles including Product Director, Head of Managed Services, Head of E-Banking Consultancy and various development positions.
Prior to re-joining Cashfac in 2008, John spent seven years with HBOS plc in the Retail & Corporate Banking sector leading diverse technical & business teams on large scale systems integration & business-critical projects. During this time, John held senior positions in Project & Programme Management and IT Service Management.

John has a background in software development in the Banking and Financial Services sector. He is a qualified ITIL V2 and PMI practitioner and is a certified ISO27001 Internal Auditor. John also holds an MSc in E-Commerce.

Richard Cummings

Chief Executive Officer

With over 25 years’ experience in global banking and financial markets, and more recently in the B2B2C sector Richard has developed a career and reputation for being entrepreneurial and driving businesses to succeed. At Cashfac Richard oversees the execution of the company strategy across all areas of the business.

Prior to joining Cashfac Richard was COO of AlertMe, the leading technology innovator in cloud-based Smart Home Services. During this time Richard managed all aspects of development and operations as well as key relationships with downstream retailers. Previously Richard was EVP, Major Markets, at SmartStream Technologies where he grew and managed the company’s customer-facing operations in the UK, the Americas and Asia Pacific.

Prior to SmartStream Richard led several large sales and client services operations at Reuters and Sungard where he was Business Development Director for Risk Management at Reuters and ran Sungard’s Financial Systems Asia Pacific operation. Prior to SmartStream Richard led several large sales and client services operations at Reuters and Sungard where he was Business Development Director for Risk Management at Reuters and ran Sungard’s Financial Systems Asia Pacific operation.

Paul Ormrod

Founder and Executive Vice Chairman

As Founder of Cashfac Paul pioneered the development of Cashfac Virtual Bank Technology® (VBT) which has driven the company’s growth and is now deployed in organisations around the world. Paul continues to champion innovation within the company, working with clients and internal teams to shape the future direction of the company’s solutions and services.

Prior to founding Cashfac Paul held leadership positions in several financial services firms including being the founding director of Lloyds Bank Stockbrokers and the finance and operations director of Lloyds’ government bond trading operations. Subsequently, Paul was the lead consultant in the creation of Nomura’s government bond market-making operations in London.

As a Price Waterhouse management consultant Paul’s focus was large scale capital markets operations, banks and compliance; establishing the computer audit capability in Singapore and leading IT reviews for the Financial Services, Defence and Retail industries.

Paul is a member of the Securities Institute and a Fellow of the Chartered Association of Certified Accountants. He is also a member of the London Society of Rugby Football Union Referees.

Helena McInally

Company Secretary and Director of Corporate Services

Helena is Company Secretary and leads the Cashfac teams responsible for Regulatory Compliance, Staff Well-Being services, Finance, Legal Services including patenting and contracts, and shareholder communications.

She coordinates all these services covering Cashfac operations in Australia, Ireland, The Netherlands as well as the offices in the UK. Helena was one of earliest team members at Cashfac progressing to Group Company Secretary after graduating with the ICSA in 2006 and she firmly supports the philosophy of internal training and promotion.

Under Helena’s guidance, Cashfac PLC became a regulated business in October 2018, licensed as a Payments Services Provider and her team works continuously to meet the strict governance obligations of that licence, protecting stakeholder interests.