Convera Unifies Tech and Product Teams Under New C-Suite
The firm is consolidating its payment platform to streamline FX risk and cross-border services for international business clients.
Updated on Oct. 23, 2026 in People
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Convera has restructured its product, technology, and operations departments into a unified organization and appointed four new C-suite executives. The move aims to streamline its cross-border payment platform as the company manages $200 billion in annual transaction flows.
Why it matters
The company is shifting from a siloed functional model to a unified delivery capability to improve payment visibility and protection for customers. This reorganization positions the firm to accelerate its Multi-Currency Account and API product roadmaps.
Convera operates across 200 countries and territories with 140 currencies while processing $200 billion in annual payments. The new technology lead, Jon Southall, joins with a background managing $1.5 trillion in annual transaction volume at PayPal.
The players
Convera
A global payments firm operating across 200 countries and territories that processes $200 billion in annual transaction flows.
Jon Southall
The new SVP and Chief Technology Officer who previously managed $1.5 trillion in annual transaction volume at PayPal.
Mike Cahill
The new EVP and Chief Operating Officer who served as interim chief product and technology officer since June 2026.
Chris Steinig
The new Chief Information Officer who brings 25 years of operational experience at Convera.
Tui Allen
The newly appointed SVP and Chief Product Officer responsible for the firm's product strategy.
The details
Convera is integrating its cross-border payments, FX risk management, and multi-currency capabilities into a single platform. By collapsing disparate departments into one organization, leadership intends to reduce friction in how it delivers payment valuation and movement services to clients. The management changes see Mike Cahill transition from interim roles to EVP and COO, while Chris Steinig remains after 25 years to serve as CIO.
Timeline
June 2026: Mike Cahill assumed the role of interim chief product and technology officer.
October 23, 2026: Convera officially announced its new C-suite appointments and organizational restructure.
Market Landscape
Convera’s move follows a broader industry trend of consolidating product and tech silos to meet the growing demand for seamless cross-border payment integration. This reorganization mirrors the push by established firms to adopt the unified delivery capabilities standard in modern embedded-finance platforms.
Operators relying on cross-border payment infrastructure should monitor the rollout of Convera’s new API roadmap to see if service delivery speeds improve. The integration of previously siloed operations may signal a change in the firm’s competitive pricing or service tiering in the near term.
The takeaway
Unified product delivery is becoming a prerequisite for firms managing large-scale global FX risk and payment flows. Operators should monitor the integration of these new executive roles against upcoming product announcements to determine if the firm’s platform capabilities align with their own scaling needs.
Further reading
For more on industry leadership and executive shifts, visit our People section.
Source note: This article includes information reported by The Fintech Times.
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