BANKING AS A SERVICE EXPECTED TO MAKE TRADITIONAL BANKING OBSOLETE

on a private front rather than going down an IPO route. However, if we do that, I think the rationale would be to work with the investor like a co-partnership, where OCI’s solutions would then benefit their portfolio of companies.”

“We’ll keep going with our organic growth. We don’t need to accelerate super hard and then crash fast. I want to build a business which is here in 30, 40 years, has rock solid foundations and will continue to perform.”

Over half of European business leaders expect Banking-as-aService (BaaS) to make traditional banking obsolete, according to new research from Vodeno/Aion.

The BaaS provider commissioned an independent study among more than 1,000 senior decision-makers within businesses based in the UK, Belgium and Netherlands. Its report, ‘Banking-as-a-Service 2.0 – Why Embedded Finance will make its mark in 2023’, reveals that 51% believe BaaS will spell the end of traditional banking.

Vodeno/Aion’s survey found that having the necessary licence and compliance expertise is set to play a more prominent role in BaaS adoption. Almost three in five (58%) respondents believe BaaS providers that offer to use its licence alongside a tech solution are the ones that will shape the BaaS market in the years to come.

At present, 39% of respondents have already implemented BaaS services and products, with an additional 38% considering using BaaS in the new year. When surveyed about which BaaS products were planned for implementation, foreign exchange (48%), buy now, pay later (48%), SME lending (47%), and loyalty schemes (46%) were among the most popular.

Wojciech Sobieraj, CEO of Vodeno, said: “Platform banking – where financial products are embedded in the customer journeys of brands people use every day – is the future.

We know that companies looking to implement BaaS also want care-free products and services, with the technology, necessary licence and regulatory checks offered in one combined solution.”

Business Leader gives a rundown of recent appointments and promotions across various sectors.

Former Colgate Executive Joins Advisory Board At Flyfeed

FlyFeed, an international insect farming tech start-up, has announced the newest addition to its advisory board: Ahmed Hassan. The former General Manager of several subsidiaries at Colgate-Palmolive joined the company in a personal capacity to help optimise product development to the needs of feed producers.

John Good Group Appoints Rachel Lowe As Chief Human Resources Officer

The John Good Group has announced that Rachel Lowe has joined the Group as Chief Human Resources Officer. Rachel brings with her a wealth of experience and expertise in human resources, having previously held leadership roles at Victoria Plum, Ramsden International, and other blue-chip companies.

BOOST.AI APPOINTS JERRY HAYWOOD AS CEO

Boost.ai, a Nordic Capital-backed company in conversational AI for enterprises, has announced that Jerry Haywood is joining the company’s executive team as Chief Executive Officer. Haywood brings 20 years of enterprise technology experience and has held various sales and senior leadership positions at IBM, Cisco, and Salesforce.

Marion Stewart Appointed Ceo Of Red Helix

Red Helix, a UK cyber security and network performance specialist, has appointed Marion Stewart as CEO to lead the next phase of growth. Established in 1984, Red Helix provides solutions and services to improve on premise and cloud application performance and cyber-security for major UK organisations.

MONDAY.COM APPOINTS YONI OSHEROV AS CHIEF REVENUE OFFICER

monday.com, a work operating system where organisations of any size can create the tools and processes they need to manage every aspect of their work, has announced the promotion of Yoni Osherov to Chief Revenue Officer. Osherov will oversee all customerinteracting parts of the company, amounting to over half of the global team.

Pleo Appoints Former Monzo Executive Meri Williams As New Cto

Pleo has announced the appointment of Meri Williams as its new Chief Technology Officer (CTO). Williams, the former CTO at mobile-first challenger bank Monzo, joins Pleo’s senior leadership team after previously working at AI-driven rare disease treatment discovery company Healx. 