Recognise Bank promotes Ronelle Arbib and Mo Fadaei as UK fintech’s popularity explodes

Rick Steves

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.”

Read this next

Digital Assets

Wirex launches crypto loans with LTV of up to 80%

The recent market collapse hasn’t stopped Wirex from pursuing its crypto loan offering allowing users to borrow up to $100,000.

Digital Assets

Chainalysis and Cellebrite to launch integrated solution

As a result of this cooperation, examiners, investigators, analysts, and compliance officers will be able to seamlessly identify illicit cryptocurrency-related activity in a single place as part of their familiar digital investigation workflows.

Executive Moves hires ex-Google Tom Yang for brand building has appointed Tom Yang as Executive Vice President (EVP) to gradually carry out its global brand building and market development.

Digital Assets

What if Ripple loses and XRP is deemed a security?

The outcome of the Veritaseum case could provide guidance to XRP holders looking for answers about what will happen to their assets.

Executive Moves

BestEx Research taps Paul Merolla as General Counsel

He has served as General Counsel at institutional broker Instinet Group and was Associate Counsel at Goldman Sachs.

Industry News

eToro announces termination of SPAC deal amid “circumstances”

“We ended Q2 2022 with approximately 2.7 million funded accounts, an increase of over 12% versus the end of 2021, demonstrating continued customer acquisition and retention rates that have been improving over time. We remain confident in our long-term growth strategy and excited for the future of eToro.”

Digital Assets

EU crypto regulation limits privacy to 1,000-euro threshold

MiCA complements existing AML rules and aims to enhance financial stability and investor protection in Europe.

Retail FX

GKFX Prime adds MT4 and MT5

In April, GKFX launched a proprietary trading platform.

Industry News

UEZ hits the Korean market

On the 8th to 10th of June 2022, the team from UEZ Markets attended the breathtaking Smart Tech Korea 2022 expo in the wonderful city of Seoul