The Bank of London Appoints Phil Knight as Group CTO, Chief Info Security Officer

The Bank of London, which claims to be the next-generation technology company and the “world’s first” purpose-built global clearing, agency, and transaction bank, announced the appointment of Phil Knight as Group Chief Technology Officer (CTO) and Group Chief Information Security Officer (CISO).

Phil will “oversee Group technology, information technology operations and information security, globally.”

Phil joins The Bank of London “from 10x Banking, where he spent three years responsible for production operations and held the role of CISO.” At 10X, he “led the design and build of the security operating model, the global platform engineering team and service delivery to clients, successfully launching a banking platform across multiple geographies.”

With more than 25 years of experience, Phil also “held leadership roles in Infrastructure, Security and Architecture at Lloyds Banking Group, building one of Europe’s largest digital banking platforms and delivering on the cloud strategy for the bank.” Before that, Phil provided digital & technology expertise “in several senior consultancy roles for Tier 1 clients across the United Kingdom (UK), Europe, and Australia.”

Jim Ditmore, Group Chief Operating Officer of The Bank of London, said:

“Phil has an excellent background across banking, fintech, and consultancy, including global leadership roles specialising in digital security and infrastructure architecture. Phil’s deep experience and leadership will strengthen our team as we enter a phase of driving significant technological transformation in the banking, payments, and financial services sector.”

Phil Knight, Group Chief Technology Officer (CTO) and Group Chief Information Security Officer (CISO) for The Bank of London Group, said:

“To be joining such an exciting company at this stage of development is an amazing opportunity. This is a tremendous opportunity to be at the forefront of real technological innovation in the banking and wider financial services industry, and I look forward to working with such a high calibre team to build the future of banking”

As covered, The Bank of London “launched 30th November 2021 as the sixth principal clearing bank of the United Kingdom, and only the second clearing bank in 250 years.” With a $1.1 billion valuation, it is “the first pre-revenue bank in history to attain ‘unicorn’ status upon debut.  ”

Their mission is “to create the world’s best clearing bank, offering the first and fastest purpose-built global payments and clearing platform that’s powering the businesses and entrepreneurs of the future.”

The Bank of London claims it is “a leading-edge technology company and the world’s first purpose-built global clearing, agency, and transaction bank.”

They leverage their patented technology innovations and differentiated bank capabilities “to lift economies and communities by powering the borderless economic infrastructure of the future.   ”

The bank “has been established to assist banks, clearing houses, digital & traditional asset firms, governments, financial services companies from local fintechs to global institutions, payment networks and non-financial brands seeking to launch fully compliant financial products and services in-country and across-borders.  ”

With headquarters in London and offices in New York, Charlotte (North Carolina), and Belfast, The Bank of London is “a principal clearing bank of the United Kingdom authorised by the Bank of England’s Prudential Regulation Authority and regulated by the Financial Conduct Authority.   ”

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