Tom Jennings has had a storied career in card issuing on his path to becoming Head of Issuing at Banking Circle Group.
Leading issuing for the wider group, the conundrum for Jennings when he joined was one of buying or building an issuing service. He says: “The question was: Do we build an issuing proposition on top of the bank or do we go and buy an existing one and add the bank's capabilities into that?
“We chose the buy route for increased speed to market, and B4B represented the perfect acquisition target. I always planned to shift into the role, and once the heads of terms were signed, I started working with Paul [Swinton] to develop the strategy.
“Even before the deal went through, while I wasn't CEO at the time, we were already working together to help kickstart the integration of both entities.”
Now CEO (EU & UK), Jennings leads “both the short-term and long-term strategic vision, ensuring the firm is going in the right direction”.
He adds: “It’s about making sure you have the right people around you to push that forward. The key part of it is managing and leading a competent team and empowering them to make decisions.
“We are a regulated business, so you can imagine the key responsibility is ensuring compliance, but at the same time, we're a high-growth fintech. So it's about making sure the firm is compliant and simultaneously ensuring that we’re continuing to grow at the rate that we have been growing.”
Read the full story HERE.
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