Recognise Bank appoints CTO

Recognise Bank has appointed Sahil Thapa as Chief Technology Officer.

Thapa joins Recognise Bank from Deutsche Bank, where he held a range of technology and innovation roles, including his most recent role leading strategy execution, business architecture and data, with a focus on loan businesses in the bank’s corporate and investment banking divisions.

The digital bank, which provides SME lending and business savings products, said that in addition to guiding the development of Recognise Bank’s existing and future technology needs, Thapa will also head up the bank’s newly created innovation team.

The innovation team, which was announced following Recognise’s £8.7 million funding round, will focus on developing new and existing products and services, as well as creating new revenue streams.

Recognise Bank obtained its full authorisation and banking licence in September 2021, and has since achieved £100 million in lending.

Commenting on his appointment, Thapa said: “Our strategy will be to consolidate and build around Recognise Bank’s existing cloud based digital banking stack and introduce new products and services, while creating seamless integrated experiences for the Bank’s stakeholders – partners, intermediaries, employees and customers. We will leverage data driven analytics to assist decision making and build solutions for customer and business needs.

“In a financial services sector where there is growing choice and competition, it is important for banks to maintain customer centricity while continuing to innovate and be relevant to customer needs," he added.

Bryce Glover, chief executive of Recognise Bank, said:“Technology has been the bedrock of Recognise Bank since the beginning, and it meant we could build the bank quickly and cost-effectively by partnering with some the sector’s leading FinTech providers.

“I’m delighted we have been able to attract somebody of Sahil’s calibre and experience. I truly believe he has the vision and ability to lead the bank’s technology strategy and give us the tools to help accelerate our growth.”

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