Tide, the UK FinTech firm providing mobile-first banking services to businesses, has announced the appointment of Rebecca Marriott as its new chief risk officer.

Tide said that Marriott, who joined the business in 2018, will oversee all risk classes, compliance, quality control, and enterprise risk management. Marriott will also serve as Tide’s money laundering reporting officer and become a member of the company’s executive leadership team.

In her previous role as senior vice president, Risk & Compliance, Marriott is credited as building Tide’s risk and compliance function to support its global business growth, including establishing the risk management framework at Tide, growing all risk classes, supporting the rapidly growing UK business, and launching into India.

Tide said that the newly created chief risk officer role will “strengthen risk and compliance leadership and ensure the highest standards of oversight and accountability as Tide expands”.

Marriott will continue to report to the company’s chief executive officer Oliver Prill.

Tide has over 575,000 SME customers in the UK, which it claims gives it a market share of more than 10 per cent.

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