Mode hires open banking guru as new CTO

By Daniel Lanyon on Tuesday 9 March 2021

Digital Banking

Mode IPO'd on the London Stock Exchange in October last year. Not long after it became the first UK listed firm to move its treasury holdings into Bitcoin.

Mode hires open banking guru as new CTO
Image source: Mode/Jonathan Conway

Mode, a recently listed fintech company, has appointed Jonathan Conway as its new Chief Technology Officer. 

Conway has experience across fintech, payments, as well as Open Banking. He co-authored the payments and security sections of the UK Open Banking Specification which lays out an open standard that enables account-to-account payments.

Most recently he was an API and Payments Architect at Mastercard and before that CTO at Open Banking payments startup, Banked.

Mode recently announced plans to launch its a payments and loyalty solution powered by open banking in Q2 2021. 

Its new app will allow customers to hold and spend cash as well as digital assets such as Bitcoin, make instant payments, earn rewards in Bitcoin and receive personalised offers from merchants.

Mode IPO'd on the London Stock Exchange in October last year. Not long after it became the first UK listed firm to move its treasury holdings into Bitcoin.

Mode's Executive Chairman Jonathan Rowlasnd said: "Jonathan brings a wealth of experience in payments and Open Banking, a key pillar of growth and innovation for Mode as we build out our new suite of products and services. The skillset he brings coupled with our expanding team of talent will be crucial to our ambition to build, launch and grow our innovative payment solutions, the next step in our mission to create an all-encompassing super app with payments, loyalty and digital assets combined into one."

Mode's new Chief Technology Officer Jonathan Conway said: "I'm very excited about joining a fintech innovator such as Mode that's looking to democratise access to finance and specifically digital assets, combined with Open Banking payments. Given my track record in this area and knowing Mode's ambitions, I'm delighted to be a part of this team and really look forward to helping the company to realise its goals."

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