Monese makes new hires following move into BaaS - Finextra

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Source: Monese
Monese, the leading pan-European fintech, today announces the appointment of Atul Choudrie to Managing Director of Monese’s BaaS business, Steve Tryner to CFO and Stephen Chang to VP Operations at Monese. These appointments bring considerable leadership experience to Monese’s BaaS platform and further banking, technology and finance expertise to Monese’s Leadership Team.
Atul Choudrie joined Monese in 2019 and was appointed as Chief Commercial Officer (CCO) in 2020, after 20 years working in strategy and commercial roles across banking and fintech. Choudrie has been instrumental in the establishment of Monese’s cloud-based transactional BaaS platform, which launched last month, and Monese’s strategic partnership with Investec. Choudrie will bring considerable leadership experience to Monese’s BaaS platform and will be responsible for its growth.

During his time at Monese, Choudrie has been a member of Monese’s Leadership Team, and he has played a key role in the development of many of Monese’s partnerships, including PayPal, Mastercard and Avios. He was previously CCO at Ditto Bank and is also an advisor to a number of Blockchain start-ups. Choudrie will also continue as CCO at Monese.

Steve Tryner has 30 years experience in finance and change management roles across financial services, including investment management, banking and insurance, and more recently in tech-enabled businesses. He was formerly CFO at Revolut as well as the payments company, Allpay. He has held roles at Deutsche Asset Management, AXA Investment Management, ABN-AMRO and Alpha Bank. Tryner brings the experience gained in helping to manage these ‘traditional’ firms as well as hyper-growth environments to Monese.

Stephen Chang has over 30 years experience in technology and financial services. He joins Monese from JP Morgan, where he has worked for over 10 years in payments and transactional banking, in global roles. He has held senior roles at Visa, Mastercard, Amazon and IBM and worked extensively in Asia, the US and Europe. Stephen is tasked with growing the Operations teams for Monese and helping support the business in its next stage of growth.

Monese’s appointments of Atul Choudrie, Steve Tryner and Stephen Chang mark another major step in the strengthening of the fintech’s Leadership Team and technical expertise. The appointments come after Monese launched its Banking-as-a-Service platform and announced a new strategic partnership with Investec Bank plc in September. As part of the strategic partnership, Investec led the first close of Monese’s ongoing Series C, bringing the total raised by Monese to $162 million.

Atul Chourdrie, Managing Director of BaaS and CCO at Monese, says: “This is a fantastic opportunity to lead a platform that can help companies across Europe unlock modern, digital financial services. Our BaaS proposition is unique within the market – being configurable and completely end to end. I believe we can help others take their digital banking offering to a totally new level, get them to market as quickly as possible and get them ahead of consumer demand. There are some very exciting times ahead for us.”

Steve Tryner, CFO at Monese, says: “I joined Monese for two key reasons. Firstly I saw an opportunity to use my experiences to help Norris and the team build on the great progress they have made. Secondly, everyone I met prior to joining showed huge amounts of passion and commitment for the company and I wanted to be a part of that story. I’m delighted to be part of the team.”

Stephen Chang, VP Operations, says: “I’m excited to join Norris and the Monese team, and help take the business and its operations to new heights. I’ve spent many decades working in payments and technology so the move to Monese and the fintech space is a natural fit for me. Monese’s international and diverse customer base was hugely appealing to me, having worked with customers in many countries and continents in former roles.”

Norris Koppel, Founder and CEO of Monese, says: “I am delighted to announce the appointment of Atul, Steve and Stephen today, all of whom bring considerable amounts of experience and expertise to Monese. Atul is a highly experienced leader with a proven track record of building and delivering across Europe at Monese. His leadership will help push our BaaS platform forward and ensure it goes from strength-to-strength. Steve and Stephen come with stellar track records and huge experience in both modern high growth and more traditional, global financial services companies. These appointments build on the progress we have made and will help push us forward during our next phase of growth.”
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