CLOWD9, the world’s first B Corp certified, cloud-native, decentralized issuer processor, today announced the appointment of Patrick Butler as its new Head of Risk and Governance. This strategic hire underscores CLOWD9’s commitment to ensuring the highest level of governance and a continuing commitment to its values for operating its global payments infrastructure.

Patrick Butler brings over two decades of expertise in banking operations, risk and culture management within regulated industries. He has held senior roles at HSBC, Bank of America Merrill Lynch, and Barclays in customer facing, operations and compliance roles. As the founder of Calitor; a consultancy focused on aligning purpose-driven strategy with regulatory environment, Patrick has advised global institutions such as Barclays, NatWest, Natixis and Total Energies to implement cutting edge strategy frameworks that create lasting value from innovative risk management, while pioneering data-driven approaches to enhance operational resilience and ethical decision-making.

In his new role, Patrick will lead CLOWD9’s risk strategy, governance framework and sustainability initiatives, ensuring alignment with the company’s B Corp values of transparency, accountability, and environmental stewardship. He will also bring a rigorous, outcome-driven approach to the Executive Team across the activities of the company, to support its core values of being Trusted, Transparent, Trailblazing and Collaborative.

CLOWD9’s decentralized platform has multiple instances in every continent that replicate in real time using the same code base, allowing unrivalled reliability and global coverage. The cloud-native issuing platform processes payments across traditional card systems, including digital wallets, QR codes, and any domestic scheme, serving clients worldwide.

Suresh Vaghjiani, CEO of CLOWD9, remarked: “Patrick’s deep expertise in risk management and ethical governance is pivotal as we scale our platform globally. As an issuer processor, we operate at the highest levels of data security and resilience providing financial technology to regulated entities and it is paramount that we manage risk and governance as if we too are regulated. CLOWD9 will continue to set industry benchmarks for technology and social responsibility.”

Patrick Butler added: “Joining CLOWD9 at this transformative stage is a tremendous opportunity. The company’s global cloud-native model not only disrupts legacy systems but does so with a commitment to environmental and social impact. I look forward to bringing a similarly innovative approach to risk and operational management that supports our clients’ own success while upholding the highest standards of governance, embedding sustainability in the business model and driving lasting value creation."

Accelerating Global Impact
CLOWD9’s B Corp certification reflects its dedication to balancing profit with purpose, achieving high scores in governance (19.4), worker welfare (32.6), and community impact (27.3) . Patrick’s appointment reinforces these values, particularly as the company expands into new markets.

About CLOWD9
Founded in 2021, CLOWD9 is a pioneer in decentralized, cloud-based payments processing. Its scalable microservices architecture connects to Visa and Mastercard’s cloud endpoints, serving traditional banks, neobanks, and fintechs with unparalleled reliability. A certified B Corporation, CLOWD9 is headquartered in London with a presence across North America, Europe, and Asia-Pacific. https://www.clowd9.com/

About Patrick Butler
A cross-sector career spanning government, investment banking front office, operations, risk management and consulting, Patrick specializes in future-focussed leadership in Strategy, Risk Management and Sustainability for transformative businesses in evolving regulatory landscapes.