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 Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term 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 Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term 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.