Recognise Bank Appoints Sahil Thapa as CTO

Recognise Bank, a digital SME banking startup Startup A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c Read this Term, has hired Sahil Thapa as its new Chief Technology Officer, Finance Magnates has learned. Thapa is a ten-year Deutsche Bank veteran and was recently responsible for strategy execution, business architecture and data in the Corporate and Investment Banking divisions.

Additionally, the bank announced Thapa would head up its newly created innovation team, following the latest GBP 8.5 million fundraise. Thapa will guide Recognise Bank’s existing and future technology needs. In addition to creating new revenue streams, the team will develop new products and services.

“Our strategy will be to consolidate and build around Recognise Bank’s existing cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term-based digital banking stack and introduce new products and services, while creating seamless integrated experiences for the bank’s stakeholders: partners, intermediaries, employees and customers. We will leverage data driven analytics to assist decision-making and build solutions for customer and business needs. At Recognise Bank, we will use technology, data and our SME banking experience to create products and services that help companies do more business and do it better,” Thapa commented.

Professional Background

During his tenure at the German bank, he worked as EM Flow Trader on the macro trading desk, Deb Strat and as a Quantitative Analyst. Prior to joining Deutsche Bank, Thapa worked as a Business Analyst for Standard Chartered Scope International for almost two years. In addition, he was a Research Intern at the University of Pennsylvania and INRIA.

He was an Institute Lawn Tennis Secretary at the Indian Institute of Technology in Bombay for nearly one year. According to his educational background, he earned a bachelor’s degree in Computer Science and Engineering from the Indian Institute of Technology. Thapa holds several certifications, including one from the UK’s Financial Conduct Authority.

According to his LinkedIn profile, he started to work at the digital SME banking startup in May.