Zopa Bank has hired a former Visa executive as its new Chief Analytics Officer (CAO)
Jeremy Penzer was previously Head of Data Science for Europe with Visa. Before that, he served as Capital One Europe’s Chief Analytics Officer and an academic statistician at the London School of Economics.
Penzer will step into a role that is said to include managing 80 data scientists who will work on credit decisioning, valuations, and more.
Zopa said it is entering a “phase of accelerated growth” and anticipates new services and products in the coming months. Zopa noted that it is currently testing artificial intelligence and other services. The company recently raised €80 million in new funding to help fuel its growth and build new services.
Penzer said Zopa is the only digital bank lending at scale while providing savings on a single platform.
“I am looking forward to taking Zopa’s data and analytics capabilities to the next level as its steps into everyday banking and enters its next phase of growth.”
Zopa currently reports 1.4 million customers and has achieved profitability.
Services beyond savings and lending include BNPL, cards, auto financing, and more. Zopa claims approximately £5.5 billion in deposits and has just over £3 billion of loans on its balance sheet.
