Two leaders with extensive global and Canadian experience in the technology, finance and payments industries join to support ongoing transformation at Interac.
TORONTO, January 24, 2024 – Interac today announced the appointment of Glenn Wolff as Chief Client Officer and Ted Bowman as Chief Product Officer. These experienced leaders will join the Interac executive team to support the continued growth and transformation of the company, with a focus on scaling its payment and verification product suite.
The new appointments follow the entry of Jeremy Wilmot as President and CEO in August 2023. Mr. Wolff and Mr. Bowman succeed William Keliehor, Chief Commercial Officer, who will support the transition until March 1, 2024.
“At Interac, our goal is to connect Canadians to the digital economy in new and meaningful ways,” said Mr. Wilmot. “Glenn and Ted both have proven track records in bringing innovative products to market, and I’m excited to welcome them both to Interac, where we will be able to accelerate our growth and deliver new solutions.”
Mr. Wolff brings more than 27 years of experience in the North American fintech sector to the Chief Client Officer role, during which he has specialized in emerging digital transformation technologies including e-commerce, AI, cloud, fraud and payments.
“The fintech market has never been more competitive and the needs of consumers, business and governments are evolving quickly,” said Glenn Wolff, Chief Client Officer. “I am looking forward to leveraging the trust Canadians have in the Interac brand to deliver products and services that meet those needs and drive true value.”
Mr. Wolff joins Interac from ACI Worldwide where he was President, Canada & SVP Head of Commercial North America, Banks & Intermediaries. While there, he led a team that worked with the world’s largest financial institutions, payment processors and fintechs to help modernize clients’ payments ecosystems. Mr. Wolff and his team primarily served the top 10 financial institutions and merchant acquirers in Canada and the top 75 banks and processors in the U.S., driving significant organic growth for ACI’s North American banking business.
Prior to this role, Mr. Wolff built extensive relationships within the Canadian banking sector while leading commercial teams at SAP Ariba and Oracle – Sun Microsystems. Early in his career, he worked at CIBC and at Bank of Montreal’s e-commerce start-up, Cebra Inc.
As Chief Product Officer, Mr. Bowman brings over 19 years of expertise in product experience spanning payments, e-commerce and merchant services to Interac. With an entrepreneurial mindset, Mr. Bowman has excelled as a fintech product executive with a rich background in international leadership, vast experience in agile methodologies and successful product delivery. His extensive experience and knowledge will be an asset to Interac as it prioritizes bringing innovative products to market.
“The value that Interac provides to the market goes beyond payments products and verification solutions,” said Ted Bowman, Chief Product Officer. “I am excited to have joined a company that is a key component in the Canadian ecosystem and look forward to driving growth and delivering innovative products to all Canadians.”
Mr. Bowman joins Interac from Nets/Nexi, first as its Vice President of Product, then as Chief Product Officer for its future target platforms. At Nexi, he played a pivotal role in driving the product vision, delivery, roadmap and strategy for the ongoing evolution of Nexi’s multi-faceted payment acceptance and e-commerce product solution. Prior to Nexi, Mr. Bowman worked in various product leadership positions at Wellstreet Partners, Klarna, AisleBuyer (acquired by Intuit) and Gazelle (acquired by Redbox).
“I’m grateful to William Keliehor for the role he has played in commercializing and strengthening Interac as a leader in payments and trusted brand in Canada,” said Mr. Wilmot. “We are proud to be an integral part of how Canadian consumers and businesses transact, and look forward to building on the company’s strong foundation into the future.”
About Interac Corp.
Interac empowers Canadians to transact digitally with confidence by providing payment and value exchange services. In helping to develop the future of money and data in Canada, security is the core of everything we do. We help keep Canadian customers safe and secure when transacting. With nearly 300 financial institutions connected to our network, Canadians choose Interac products over 20 million times a day on average to exchange money. Interac champions workplace culture, community, and corporate citizenship. We are proud to be one of Canada’s leading and most trusted financial brands. For more information, visit our website or sign up for our newsletter.