Recognize Bank promotes Ronelle Arbib and Mo Fadaei as UK fintech’s popularity soars

The company has now promoted Ronelle Arbib to COO and Mo Fadaei to Director, Banking Platforms and Partnerships.

Recognize Bank has announced key changes as the fintech-powered challenger bank ramps up its digital capacity after last week’s successful fundraising of £8.7m in new capital.

The bank was set up to provide relationship-focused digital banking services to SMEs, offering a range of unregulated lending options through a network of relationship managers across the UK.

Recognize was fully authorized in September 2021 and launched a range of personal savings accounts the same month. It has already made £100m in loans, £95m in deposits and launched business savings accounts in April 2022.

Bryce Glover, CEO of Recognize Bank, said, “These promotions show our commitment to our digital agenda and the importance of innovation, not just for Recognize Bank, but across the financial services industry. I’m thrilled for Ronelle and Mo – they’ll be brilliant in their new roles, and it shows that Recognize has created the right environment to find and develop new talent in a highly competitive market.

Ronelle Arbib has been appointed Chief Operating Officer (COO), replacing her previous position as 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 across all areas of the business, the bank said.

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 innovation team’s activities, while continuing to lead the customer experience.

Ronelle Arbib, Chief Operating Officer at Recognize Bank, said: “This is an exciting new opportunity for me and one that is crucial to the future development of Recognize Bank and its continued success. We’ve already shown that our combination of personal relationship banking and cutting-edge technology is what small businesses want. We must now build on this to innovate new and better products and services to help SMEs grow and prosper.

For the position of Director, Banking Platforms and Partnerships, Recognize Bank has promoted Mo Fadaei, who was previously responsible for the bank’s technology, change and transformation.

In his new role, Fadaei will be responsible for overseeing the Bank’s existing technology architecture, while leading Recognise’s future strategy and product delivery. He will continue to lead relationships with the Bank’s key technology partners, including Mambu and nCino.

Mo Fadaei, Director of Banking Platforms and Partnerships at Recognize Bank, commented, “We have already created a fully licensed and award-winning bank in just a few years. But we are not going to rest on our laurels. My job is to continue to push the innovation agenda forward, ensuring that our infrastructure and strategic partners support the Bank’s ambitious growth plans, now and in the future.

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