Recognise Bank promotes Ronelle Arbib and Mo Fadaei as UK fintech’s popularity explodes
The company has now promoted Ronelle Arbib as Chief Operations Officer and Mo Fadaei as Director, Banking Platforms and Partnerships.
Recognise Bank has announced key changes as the fintech powered challenger bank accelerates its digital capability following last week’s successful fundraise of £8.7 million in new capital.
The bank was created to provide SMEs with digitally enabled, relationship-led banking, offering a range of unregulated lending options via a network of relationship managers across the UK.
Recognise has been fully authorized in September 2021 and launched a range of Personal Savings accounts the same month. It has already achieved £100 million in lending, £95 million in deposits, and launched Business Savings accounts in April 2022.
Bryce Glover, CEO of Recognise Bank, said: “These promotions show our commitment to our digital agenda and the importance of innovation, not only to Recognise Bank, but across the entire financial services sector. I am delighted for both Ronelle and Mo – they will be brilliant in their new roles, and this shows Recognise has created the right environment to find and grow new talent in a highly competitive market.”
Ronelle Arbib responsible for policies, objectives, and innovation
Ronelle Arbib has been appointed Chief Operating Officer (COO), stepping up from her previous role of Head of Customer Experience, and will join the Bank’s Executive Committee.
The newly created role reflects the Bank’s increased focus on its digital agenda and the need for innovation to flow through every part of the business, said the bank.
Ronelle Arbib will be responsible for coordinating activities in support of the Bank’s operational policies and objectives, and will also lead the design and implementation of the activities of the innovation team, while continuing to head up customer experience.
Ronelle Arbib, Chief Operations Officer at Recognise Bank, said: “This is an exciting new opportunity for me and one that is crucial to the future development of Recognise Bank and its ongoing success. We have already shown that our combination of personal relationship banking and cutting-edge technology is what small businesses want. Now we need to build on that to innovate new and better products and services to help SMEs grow and thrive.”
Mo Fadaei responsible for Recognise Bank’s technology and product strategy
For the role of Director, Banking Platforms and Partnerships, Recognise Bank promoted Mo Fadaei, who was previously the bank’s Head of Technology, Change and Transformation.
In his new role, Fadaei will be responsible for overseeing the Bank’s existing technology architecture, while also directing Recognise’s future product strategy and delivery. He will continue to lead relationships with the Bank’s key technology partners, including Mambu and nCino.
Mo Fadaei, Director, Banking Platforms and Partnerships at Recognise Bank, commented: “We have already created a fully authorised, award-winning bank in just a few years. But we are not going to rest on our laurels. My job is to keep pushing the innovation agenda, ensuring our infrastructure and strategic partners support the Bank’s ambitious growth plans, now and in the future.”