Currencycloud promotes Stuart Bailey to chief technology and product officer

Global payments platform Currencycloud has appointed Stuart Bailey to the newly created role of Chief Technology and Product Officer (CTPO).

Stuart will head up Currencycloud’s engineering and product teams globally – over 80 people combined – across the company’s offices in London, Cardiff, New York, Lviv and Amsterdam. The merger of both teams will create greater alignment between product, engineering and maintenance of the core technology platform as it aims to service clients’ needs beyond payments.

Stuart moves from his current role as Chief Product Officer, in which he drove Currencycloud’s recent product innovations – including its multi-currency solution Currencycloud Spark and the introduction of SWIFT gpi. He joined the company in 2016 from Direct Line Group, 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.

“I’m delighted to be taking on this new position and will continue striving to engineer the best cross-border fintech platform,” said Stuart. “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.”

“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. Having Stuart in this new role will help super-charge the growth of our product offering and robustness of our platform,” said Mike Laven, CEO at Currencycloud.