TailFin names Artur Ocolitii as first CTO

TailFin appointed Artur Ocolitii as its first chief technology officer as the enterprise payments company pushes deeper into digital-first disbursements and AI-driven platform growth. He will lead engineering, platform architecture and AI strategy as TailFin scales for more enterprise demand. Why it matters: - TailFin is scaling a platform built for refunds, settlements and other small-dollar disbursements that are often still handled manually. - The company says those payments make up 80% of payment volume but only 20% of total spend, leaving them chronically underserved. - A dedicated CTO role signals more focus on engineering depth, compliance and AI as TailFin targets larger enterprise use. What happened: - TailFin appointed Artur Ocolitii as its first chief technology officer. - Ocolitii will lead engineering, platform architecture and AI strategy. - He will be based in New York and report directly to CEO and founder Donny Hoye. - The appointment was announced June 18, 2026. The details: - TailFin digitizes consumer and small business disbursements and embeds compliance into each transaction. - The platform gives payees a choice in how they get paid. - Ocolitii will help set the company’s long-term technology vision. - Ocolitii has more than 20 years of software engineering and leadership experience. - He spent a decade building and scaling engineering teams at U.S. technology startups. - His past roles include Senior Principal Engineering Manager at Worldpay and CTO at globaledit. - He also held engineering roles at Energy Metrics, UBS and Ciklum. - Ocolitii holds a bachelor’s degree in Cybernetics and Economic Informatics. - He began programming at age 12. - TailFin was formerly known as Client Pay Direct. - More information is available in the company’s announcement . Between the lines: - TailFin is positioning itself as a modernization layer for payments that are high-volume but low-priority in many enterprise systems. - The hire suggests the company is preparing for more complex product development as compliance and AI become more central to payments operations. - Donny Hoye framed the move as part of solving a long-running industry problem with outdated refund and settlement workflows. What’s next: - Ocolitii is expected to shape how TailFin expands into new markets. - His first priorities will likely center on scaling the platform enterprise customers already use while keeping compliance embedded in the product. - TailFin said the hire supports its next stage of growth as enterprise demand increases.