Former RBS CEO joins loan management fintech

By staff reporter

27 September 2017

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Fintech business Credi — a platform that enables friends, family and third parties to negotiate and arrange loans among themselves — has appointed a former CEO of the Australian arm of the Royal Bank of Scotland to its advisory board.

Since launching in Australia in April 2017, the platform has reportedly helped users document and negotiate $35 million in loans.

The business has now appointed Andrew Chick, the former chief executive of the Australian and New Zealand arm of the Royal Bank of Scotland (2012–2015) to its advisory board.

Mr Chick, who is also a mentor at the Tyro FinTech Hub and a board member at the NSW Financial Services Knowledge Hub, will support the board and leadership group with "his insights and work with international fintechs and across the banking and finance community".

The platform has also revealed that it has appointed Bendigo and Adelaide Bank’s commercial business development manager (BDM) Lara Dowdall to the role of chief operations officer for Asia & Pacific.

Ms Dowdall has held a range of positions in banking since 2009, including as business banking manager and commercial and SME BDM for Suncorp, and as an account executive at Westpac.

She will commence her role as COO of Asia & Pacific on Thursday, 12 October 2017, when she will start to help develop corporate and industry partnerships in Australia and internationally, and help manage the launch of Credi in New Zealand.

The platform also aims to roll out to the UK in November 2017, and to the United States in early 2018.