OpenPayd hired Yasemin Swanson as Chief Operations Officer (COO), bringing in an executive who spent more than three years building operational systems at ClearBank to help the payments firm handle growing transaction volumes.

OpenPayd Names ClearBank Veteran as Operations Chief

Swanson joined from the embedded banking giant, where she held several roles including Chief Business Officer from May 2024 through July this year. She'll oversee operational infrastructure as OpenPayd processes what the company says is more than €130 billion ($142 billion) in annual payment volumes for over 800 business clients.

The appointment comes as OpenPayd expands beyond traditional payment rails into stablecoin infrastructure. The firm announced partnerships with Ripple and Circle earlier this year to connect fiat currency systems with digital asset networks.

“OpenPayd is breaking down barriers in global payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term, and I'm thrilled to help build the operational backbone for a truly borderless financial future,” Swanson said in a statement.

Background Provides Compliance Focus

At ClearBank, Swanson developed what the company called its target operating model and implemented systems to meet UK fraud reimbursement requirements that took effect in October 2024. Her tenure there included overseeing operations during a period when the clearing bank prepared for what executives described as a tenfold increase in transaction volumes.

Before ClearBank, Swanson spent two years at Barclaycard as digital and operations director, managing teams handling card issuing, acquiring, and customer onboarding processes. She cut acquiring onboarding time by 40% within four months, according to her professional background.

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Operations Role Centers on Global Expansion

Swanson's responsibilities at OpenPayd will include scaling operational systems to support what CEO Iana Dimitrova described as “ongoing growth and innovation goals.” The company has expanded from processing €50 billion annually in mid-2024 to more than €130 billion currently, according to company announcements.

OpenPayd provides accounts, foreign exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, domestic and international payments, and recently added stablecoin on-ramps and off-ramps. Clients include crypto exchange eToro and digital asset firms OKX and B2C2.

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