Clearbank, once again this year, has made changes to its C-level executive team and has named Megan Cooper as its new Chief Product Officer (CPO).
Cooper joins ClearBank with over 10 years of experience in fintech. She previously served as CPO and Head of Digital Strategy at Barclays UK Business, and at Starling Bank.
ClearBank Appoints New Chief Product Officer
As Chief Product Officer at ClearBank, Cooper will lead the bank's product strategy and roadmap during a period of expansion. She will work with various internal teams to develop new capabilities aligned with customer needs.
"ClearBank's success comes from understanding customers and using those insights to offer great products," said Cooper. "I look forward to continuing this approach as we expand our services in the UK, Europe and US."
ClearBank provides technology solutions that allow partners to offer real-time payments and embedded banking to its own customers. It is authorized by the Prudential Regulation Authority and regulated by the Financial Conduct Authority.
At the beginning of this year, the company hired a new Chief Financial Officer (CFO), Mark Fairless, who previously held executive roles at Barclays, Santander, and M&G, as well as serving as CFO at Heritage.
ClearBank Reports Impressive Revenue Growth
The appointment comes as ClearBank plans further international expansion on the heels of strong financial results. The bank recently reported an increase of 80% in deposits and more than 100% in revenue growth in the first half of 2023. The embedded banking and clearing provider announced revenues nearing £50 million and profits of £6 million in the period.
"We're delighted to welcome Megan during this exciting expansion period. Her fintech experience will be invaluable as we grow our products, services and reach,” Spiros Theodossiou, the Group Chief Product and Technology Officer (CPTO) at ClearBank, said. Theodossiou held the role of CPO at ClearBank since April 2023, when he joined the company, but was promoted to CPTO in October.
ClearBank has expanded its customer base to over 200 and is now focusing on extending its reach into Europe.
