June 26, 2020

Currencycloud appoints Stuart Bailey Chief Technology and Product Officer in newly created role

The new role marks Currencycloud’s merger of engineering and product teams.

Global payments platform Currencycloud has appointed Stuart Bailey to the newly created role of Chief Technology and Product Officer (CTPO).

Stuart will head up Currencycloud’s engineering and product teams globally – over 80 people combined – across the company’s offices in London, Cardiff, New York, Lviv and Amsterdam. The merger of both teams will boost agility and create greater alignment between product, engineering and maintenance of the core technology platform. This will allow the company to accelerate its product roadmap as it aims to service clients’ needs beyond payments.

Stuart moves from his current role as Chief Product Officer, in which he drove Currencycloud’s recent product innovations – including its multi-currency solution Currencycloud Spark and the introduction of SWIFT gpi. He joined the company in 2016 from Direct Line Group PLC, where he was Head of Digital Performance and Product Management across all the Group’s brands. Prior to that, he trained as a strategy consultant, working on Direct Line’s £2.6 billion IPO from RBS in 2012.

Mike Laven, CEO at Currencycloud, said: “Stuart has been an integral part of the Currencycloud family since joining us four years ago and we’re thrilled to be able to appoint from within the business. We’re always looking for new ways to best serve our clients’ needs at scale, and merging technology and product teams is a natural evolution towards achieving this goal. Having Stuart in this new role will help super-charge the growth of our product offering and robustness of our platform.”

Stuart Bailey, Chief Technology and Product Officer at Currenycloud, said: “I’m delighted to be taking on this new position and will continue striving to engineer the best cross-border Fintech platform. The relationship between product managers and the engineers that build the products and maintain the platform is critical, yet often overlooked. Our aim is fundamentally to combine the two to give us a competitive edge and ensure we’re always delivering the best outcome to delight our clients.”

Stuart takes up his role immediately.

ENDS
For more information contact: matt.rowntree@currencycloud.com

About Currencycloud
Currencycloud’s technology is unlocking the global economy for payment platforms of the future. Today, Currencycloud has 85 different APIs across four modules – collect, convert, pay and manage – that cover the entire workflow in B2B cross-border payments. The as-a-service platform is proprietary and is fully cloud-based on AWS using Restful APIs. Launched in 2012, Currencycloud is based in London and is regulated in Europe, the U.S. and Canada, and has processed more than $50bn to over 180 countries. Currencycloud works with banks and Fintechs globally including Starling Bank, Standard Bank South Africa and Brookline Bank, as well as partnering with Visa to deliver innovation in travel payments

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