ClearBank Announces New CPO amid Expansion Plans

<p>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).</p><p>Cooper
joins <a href="https://www.financemagnates.com/tag/clearbank/" target="_blank" rel="follow">ClearBank </a>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.</p><p>ClearBank Appoints New
Chief Product Officer</p><p>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.</p><p>"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."</p><p>ClearBank
provides technology solutions that allow partners to offer real-time <a href="https://www.financemagnates.com/terms/p/payments/">payments</a>
and embedded banking to their own customers. It is authorized by the Prudential
Regulation Authority and regulated by the Financial Conduct Authority.</p><p>At the
beginning of this year, the company also <a href="https://www.financemagnates.com/executives/clearbank-names-mark-fairless-as-new-cfo/" target="_blank" rel="follow">hired a new Chief Financial Officer</a>
(CFO), Mark Fairless, who previously held executive roles at Barclays,
Santander, and M&amp;G, as well as serving as CFO at Heritage.</p><p>ClearBank Reports
Impressive Revenue Growth</p><p>The
appointment comes as ClearBank plans further international expansion on the
heels of strong financial results. The bank recently reported an 80% increase
in deposits and more than 100% revenue growth in the first half of 2023. The
embedded banking and <a href="https://www.financemagnates.com/terms/c/clearing/">clearing</a> provider announced revenues nearing £50 million
and profits of £6 million in the period.</p><p>"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, <a href="https://www.financemagnates.com/forex/news-nuggets-20-april-flownow-rebrands-deribits-zero-fee-crypto-trading/" target="_blank" rel="follow">when he joined the company</a>, but was promoted to CPTO in October.</p><p>ClearBank
has expanded its customer base to over 200 and is now focusing on extending its
reach into Europe. </p>

This article was written by Damian Chmiel at www.financemagnates.com.