Recognise Bank Appoints Sahil Thapa as CTO

Recognise Bank, a digital SME banking startup , has hired Sahil Thapa as its new Chief Technology Officer, Finance Magnates has learned. Thapa is a ten-year Deutsche Bank veteran and was recently responsible for strategy execution, business architecture and data in the Corporate and Investment Banking divisions.

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Additionally, the bank announced Thapa would head up its newly created innovation team, following the latest GBP 8.5 million fundraise. Thapa will guide Recognise Banks existing and future technology needs. In addition to creating new revenue streams, the team will develop new products and services.

“Our strategy will be to consolidate and build around Recognise Bank‘s existing cloud -based digital banking stack and introduce new products and services, while creating seamless integrated experiences for the bank’s stakeholders: partners, intermediaries, employees and customers. We will leverage data driven analytics to assist decision-making and build solutions for customer and business needs. At Recognise Bank, we will use technology, data and our SME banking experience to create products and services that help companies do more business and do it better,” Thapa commented.

Professional Background

During his tenure at the German bank, he worked as EM Flow Trader on the macro trading desk, Deb Strat and as a Quantitative Analyst. Prior to joining Deutsche Bank, Thapa worked as a Business Analyst for Standard Chartered Scope International for almost two years. In addition, he was a Research Intern at the University of Pennsylvania and INRIA.

He was an Institute Lawn Tennis Secretary at the Indian Institute of Technology in Bombay for nearly one year. According to his educational background, he earned a bachelor‘s degree in Computer Science and Engineering from the Indian Institute of Technology. Thapa holds several certifications, including one from the UK’s Financial Conduct Authority.

According to his LinkedIn profile, he started to work at the digital SME banking startup in May.