Ben Errez has acted as Chairman of our Board, Executive Vice President, Principal Financial Officer and Principal Accounting Officer since July 2017. He has brought this expertise to the Company to lead the Company into the forefront of the blockchain-based financial software, services and hardware market. Since 2017, Errez has been a principal of the GreenBox Business. From August 2004 until August 2015, Errez formed the start-up IHC Capital, where he held the position of Principal Consultant from founding to the present date, through which he advises clients in the South Pacific region with market capitalizations ranging from $50M to $150M on matters such as commerce, security, reliability and privacy. From January 1991 to August 2004, he served as Software Development Lead for the Microsoft International Product Group. He led the International Microsoft Office Components team (Word, Excel, PowerPoint) in design, engineering, development and successful deployment. He also served as Executive Representative of Microsoft Office and was a founding member of the Microsoft Trustworthy Computing Forum, both within the company, and internationally. Errez co-authored the first Microsoft Trustworthy Computing Paper on Reliability. At Microsoft, Mr. Errez was responsible for the development of the first Microsoft software translation Software Development Kit (“SDK”) in Hebrew, Arabic, Thai and Simplified Chinese, as well as the development of the first bidirectional extensions to Rich Text Format (“RTF”) file format, all bidirectional extensions in text converters for Microsoft Office, and contributed to the development of the international extensions to the Unicode standard to include bidirectional requirements under the World Wide Web Consortium (“W3C”). He received his Bachelor Degree in Mathematics and Computer Science from the Hebrew University.

Fredi Nisan has served as a Director and our Chief Executive Office since July 2017, and has been a principal of the Company since August 2017. In May 2016, Nisan founded Firmness, LLC. Through Firmness, Nisan created “QuickCitizen,” a software program that simplifies the onboarding process for new clients of law firms specializing in immigration issues. The QuickCitizen software significantly reduced law firm’s onboarding processing time from more than three hours to approximately fifteen minutes. In January 2010, Nisan launched Brava POS, where he served as President until 2015. Brava POS provided point of sale (“POS”) systems for specialty retail companies. Nisan developed software to provide clients with solutions for issues ranging from inventory management to payroll to processing high volume transactions in the form of a cloud-based POS system. This system had the capability to manage multiple stores with centralized inventory and process sales without an internet connection, and offered a secure login for each employee, as well as including advanced inventory management and reporting, plus powerful functionality for its end users.  From January 2007 until November 2017, Nisan worked for One Coach, in San Diego, CA, as a business coach. One Coach specializes in customized growth solutions for small business owners, including the latest strategies for sales, internet marketing, branding and ROI. Nisan was consistently ranked as the top salesperson for small business coaching while working with One Coach.

George Oliva has over 30 years of experience as a senior finance professional, with a background in corporate finance, treasury, financial planning and analysis, international tax, and strategic planning. Prior to joining RYVYL, he was Chief Financial Officer and Corporate Secretary for WiSA Technologies, Inc. since 2019. He was also a partner with Hardesty LLC, a national executive services firm, through which he provided financial consulting services to public and private companies nationwide. As Interim Chief Financial Officer of SpineEx, Inc., a California-based medical equipment manufacturer, Mr. Oliva was responsible for managing the company’s financial, human resources and information technology departments. Prior to that, he served as Vice President of Finance of GameWorks, a family entertainment chain, where he developed a plan to restructure the company’s business in connection with an acquisition by a lender. He also served as controller for Eva Automation, an audio company, where he implemented purchase accounting in connection with a $180 million acquisition. Mr. Oliva began his career in auditing with Arthur Andersen & Co. He earned a degree in Business Administration from the University of California, Berkeley with a dual emphasis in Accounting and Finance.

Christian Murray is a distinguished executive leader with over 25 years of experience in the financial services industry. Specializing in developing and implementing enterprise-level SaaS platforms and financial services, he has a successful track record scaling innovative solutions and delivering cutting-edge financial products and services that address challenges, enhance efficiencies, and boost profitability. Mr. Murray began his career in 1993 as an independent sales agent for merchant services, achieving recognition as one of the top performers among 1,200 agents nationwide. He pioneered fully integrated processing solutions and became the first to market these innovations across thousands of merchants using the largest point-of-sale systems in the U.S.

Mr. Murray conceived, developed and launched multiple financial software platforms, including applications in Electronic Bill Payment and Presentment (EBPP) Platform, Payment Gateways, Banking as a service (BaaS), Credit cards as a service (CaaS), Stored Value and Loyalty Systems,

Blockchain-based payment solutions, Reg-Tech Banking Technologies, Pay Fac as well as Underwriting and Risk platforms, and Retail and Mobile payments. Notably, he has leveraged blockchain technologies to enhance regulatory controls, mitigate risks, and increase profitability within financial services applications.

He has served on the Board of Directors and as Treasurer for the Western States Acquirers Association, and he contributed to the development of the Certified Payment Professional (CPP) credential from the Electronic Transaction Association (ETA).

Daniela Ivanova-Nikolova has extensive experience in fintech, strategic leadership, and business development. Known for her visionary approach to expanding financial solutions and optimizing operational efficiency, Ms.  Ivanova-Nikolova leads RYVYL EU’s efforts in driving digital transformation across financial ecosystems in Europe.

With a solid background in finance and technology, Ms. Ivanova-Nikolova has successfully spearheaded initiatives to enhance client solutions and support regulatory compliance, cementing RYVYL EU’s reputation as an innovative player in the financial technology sector. Prior to her role at RYVYL EU, Ms. Ivanova-Nikolova held senior positions in several multinational companies, where she was instrumental in fostering growth and building robust international networks.

Her commitment to empowering teams and her strategic foresight have been key in propelling RYVYL EU’s mission to provide cutting-edge fintech solutions tailored for European

markets. Ms. Ivanova-Nikolova holds a master’s degree in international economic relations from University of National and World Economy and an Executive MBA from The University of Sheffield.  She is an active contributor to industry panels and conferences focused on fintech innovation and sustainability.