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Our Story

Transaction Solutions International (India) Pvt Ltd was established in 2005 by Gary Foster and Paul Boyatzis, Australian nationals with considerable experience in the financial services industry. Since that time, the company has focused on the payments business in India, particularly in providing ATM managed services to Tier 1 banks in India and automated bill payment services for utilities.

More recently, Vortiv has expanded its business in the cybersecurity and cloud space with the acquisition of Decipher Works Pty Ltd in August 2017, a cyber security specialist located in Sydney and Cloudten Industries Pty Ltd in January 2019, a cloud and cloud security service provider.

In September 2019, Transaction Solutions International Ltd changed its name to Vortiv Ltd to reflect the evolution of the Company from its payments services heritage to its new core focus of cloud and cyber security services.

Our Principles

At Vortiv, we prudently balance our obligations to all stakeholders including our clients, employees, shareholders, regulators and the community. We strive to:

  • Be innovative and commercial
  • Recognise the impact of our action
  • Pursue excellence
  • Provide outstanding customer experience

Our Values

We pride ourselves on:

  • Reliability and trustworthiness at all times
  • Delivering on commitments
  • Be innovative and commercial
  • Good judgement and common sense
  • Transparency in business conduct and communication

Board Members

Gary Foster

Chairman

Mr Gary Foster is co-founder of TSN. He was appointed Chairman of the Board in March 2017. Prior to that, he was Group Managing Director.

Mr Foster has been in executive leadership and management roles for three financial and
e-transaction payment companies.

As CEO for Transact Pty Ltd for 4 years he was instrumental in building one of the largest independent electronic transaction companies in Australia.

Mr. Foster is a member of the Australian Institute of Company Directors.

Howard Digby

Non-executive Director

Mr Howard Digby began his career at IBM and has spent over 25 years managing technology related businesses in the Asia Pacific region.

Currently, Mr Digby is a non-executive director of 4DS Memory Limited, Elsight Limited and ImExHS Limited and is an advisor to a number of private and start-up technology businesses. He has played key roles in a number of M&A and reverse takeover transactions.

Mr. Digby holds a Bachelor of Engineering (Mechanical), Honours, from the University of Western Australia.

Jeffrey Lai

Managing Director

Mr Jeffrey Lai is the Chief Executive Officer (CEO) of TSN since March 2017. He was appointed as an Executive Director of the Board in June 2017. Mr Lai brings more than 25 years of experience in the financial services and technology sectors.

He was previously Managing Director of Accenture, where he provided advice and solutions to banks in Southeast Asia. Prior to that, he was Managing Director of Arthur D. Little, focused on the financial services and technology sectors across Asia Pacific and the Middle East.

During the course of his career, he worked in most countries across Asia, where he has an extensive network in the financial services and technology sectors.