Currencycloud appoints Chief Technology and Product Officer

Source: IBS Intelligence 2020-06-28

Payments platform Currencycloud is merging its engineering and products teams, appointing Stuart Bailey to be in charge as Chief Technology and Product Officer.

Bailey has worked as Chief Product Officer at Currencycloud since 2016, driving product innovation such as multi-currency solution Currencycloud Spark and the introduction of SWIFT gpi.

In the newly created role, Bailey will be in charge of over 80 employees across the engineering and product teams, while the merger of the teams will boost agility and create better alignment between product, engineering and maintenance of the core technology platform.

Moreover, the merger will enable an acceleration of its product roadmap.

In a statement, Currencycloud noted that it aims to service clients’ needs beyond payments. Mike Laven, CEO at Currencycloud, said: “We’re always looking for new ways to best serve our clients’ needs at scale, and merging technology and product teams is a natural evolution towards achieving this goal. Having Stuart in this new role will help super-charge the growth of our product offering and robustness of our platform.”

“Stuart has been an integral part of the Currencycloud family since joining us four years ago and we’re thrilled to be able to appoint from within the business.”

Before Currencycloud, Bailey worked at Direct Line Group PLC, where he was Head of Digital Performance and Product Management across all the group’s brands. Prior to that, he trained as a strategy consultant, working on Direct Line’s £2.6 billion IPO from RBS in 2012.

Stuart Bailey, Chief Technology and Product Officer at Currenycloud, said: “I’m delighted to be taking on this new position and will continue striving to engineer the best cross-border FinTech platform. The relationship between product managers and the engineers that build the products and maintain the platform is critical, yet often overlooked. Our aim is fundamentally to combine the two to give us a competitive edge and ensure we’re always delivering the best outcome to delight our clients.”

Currencycloud

Stuart Bailey

Currencycloud appoints Chief Technology and Product Officer

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