Cybersecurity Europe

Carl Clump Joins Cybertonica’s Board to Support Global Fintech and Fraud Growth

Cybertonica, the advanced fraud and risk management provider, has appointed Carl Clump to its Board to lend his strategic and managerial expertise to the expanding business. Cybertonica’s innovative fraud and risk management system is changing the game in the fintech and fraud space.

Carl is a legendary entrepreneur in the fraud and payments sectors and has led several fintech companies to triple-figure growth, market leadership and successful exit. He was behind one of the world’s first
Card-Not-Present (CNP) fraud prevention platforms, Retail Decisions (ReD plc).

Since retiring from ReD, Carl has been in high demand as a Non-Executive Director and is currently a Visiting Fellow at Cranfield School of Management and its Bettany Centre for Entrepreneurship. He has over 30 years’ experience building organisations from the ground up in a number of sectors including petroleum and fintech.

The move to strengthen international expertise in the Board and the strategy team comes as Cybertonica enters the new year with ambitious growth plans in the UK and beyond. The company’s portfolio of innovative core solutions, including behavioural biometrics, makes it well-positioned to take advantage of the growth in the eCommerce, neobanking, and payment tech spaces. Juniper Research predicts global online payment fraud will grow by more than 50% from 2020 to reach more than $25 billion per year by 2024 – so fresh and innovative approaches like Cybertonica’s are clearly needed.

The recent launch of eComm360 Fraud Prevention by Cybertonica, which brings enterprise-level anti-fraud solutions to Shopify merchants, is already showing strong customer uptake.

Joshua Bower-Saul, Cybertonica’s CEO, noted: “We are very excited to bring Carl’s expertise to the table. His vast experience in running an international business in the payments space will add great value to the current board, composed of other strong tech industry players. Carl comes with a wealth of practical growth hacks from his own startup journeys, as well as a great network.”

Carl Clump commented: “Joshua and Jane Butler, Chair of the Board, have given me a tremendous opportunity back in the fintech world. Cybertonica reminds me very much of ReD in its early years. It has a talented group of people with a real customer focus, backed by an exceptional and flexible technology platform. This combination of talent, technology and focus historically allowed us to protect many of the world’s largest companies in fields such as Retail, Travel, Mobile Telephony and Card Issuing. Cybertonica has the same characteristics and is now on the launchpad for sustained growth.”


  • Polly is a journalist, content creator and general opinion holder from North Wales. She has written for a number of publications, usually hovering around the topics of fintech, tech, lifestyle and body positivity.

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