Mike Schumacker

CEO

London, England, United Kingdom14 yrs 7 mos experience

Most Likely To SwitchHighly Stable

Key Highlights

Led launch of Santander's international payments platform.
Represented Santander on RippleNet committee.
Managed core banking product strategy at PagoNxt.

Stackforce AI infers this person is a Fintech expert with extensive experience in payments and banking solutions.

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Skills

Core Skills

PaymentsProduct Innovation

Other Skills

FXNetwork ManagementOperationsFraudFinancial CrimeBig Data AnalyticsFinancial InstitutionsData AnalysisAnalysisBusiness Process ImprovementBusiness StrategyArtificial IntelligenceMachine LearningBlockchainSWIFT Payments

About

Managing Director responsible for Core Banking, Payments, FX and Channels Products Treasurer of PagoNxt Payments UK Previously Head of Operations for PagoFX, Santander Digital; Member of the RippleNet Committee representing the Santander banks; Representative to Bank of England on behalf of Santander UK for synchronous settlements. 15 years of experience spanning Payments, Transaction Banking, and Financial Crime

Experience

Pagonxt (a santander company)

3 roles

MD Product - Core Banking, Payments, FX, Channels

Feb 2025 – Present · 1 yr 2 mos

Treasurer

Promoted

Mar 2023 – Present · 3 yrs 1 mo

Treasurer of UK entity
Interim Treasurer of Spanish Entity until Feb 2025

ED Product - Core Banking, Payments, FX, Channels

Feb 2021 – Feb 2025 · 4 yrs

Ripple

RippleNet Committe Member

Dec 2018 – Dec 2021 · 3 yrs

Santander representative on the RippleNet committee, steering product development and network governance

Pagofx

Head of Operations

Dec 2018 – Jan 2021 · 2 yrs 1 mo · Madrid

0 --> 1 in launching Santander's open-market International Payments proposition.
Responsible for all of the "hard product": Payments, FX, Network Management, Operations, Platform, Fraud, Financial Crime
Built platform from scratch, including SWIFT and FIX connectivity in under 6 months.
Whilst PagoFX may not have been a commercial success, the back-end platform (accused of being "over engineered") became the core banking platform of PagoNxt, and the only multi-entity core banking platform in the Santander group.

Santander global banking & markets

2 roles

Head of Product - Financial Institutions

Promoted

Oct 2016 – Dec 2018 · 2 yrs 2 mos · London Area, United Kingdom

Secondment - Global Cash Management

Sep 2015 – Dec 2015 · 3 mos · Greater Madrid Metropolitan Area

Product Manager for the Global Sweeping and Notional Pooling platform of Santander's various CIB entities

Santander uk corporate & commercial

Programme Manager - International

May 2014 – Oct 2016 · 2 yrs 5 mos · London Area, United Kingdom

Isban

Consultant

Aug 2011 – Apr 2014 · 2 yrs 8 mos · London Area, United Kingdom

Consultant at ISBAN Global Services, Grupo Santander
Built parts of the to-be platform for the abortive acquisition of RBS (Project Rainbow)
Project Manager for the implementation of BAE Systems NetReveal for Screening and Transaction Monitoring in Santander UK's Financial Crime & Compliance division