Payments network FinTech Banked has promoted Lisa Scott to CEO for its European operations. 

The London company aims to be the leading provider of alternatives to mainstream payment methods.

With over a decade of experience at PayPal UK overseeing product marketing and go-to-market strategies for consumer and financial products, and having served as head of loyalty credit cards at Lloyds TSB, head of business development at Airmiles and finance manager at British Airways, Scott brings a wealth of experience to the role.

She joined Banked in 2021 as a product, marketing and commercial strategist serving in a dual capacity as CMO and CPO.

“I am excited to announce Lisa as our new CEO of Banked Europe,” said Brad Goodall, global CEO and co-founder. “She is a dynamic, values-driven business leader with extensive expertise and industry experience and is an invaluable asset to our team as we continue to expand our business across Europe. 

“I am confident Lisa is the right person to drive the strategy for the next evolution of Banked across the region and establish the company as a leader in the pay by bank space.”

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Founded in 2018, Banked is aiming to build a new global payment network. Unlike other popular payment methods, consumers do not need to create an account or pass any login information to Banked – they simply choose their existing bank at checkout and are connected to their mobile banking app to biometrically authenticate the purchase. 

It says total checkout time for a first-time user is typically under 30 seconds and no financial details are shared with Banked. For merchants, costs are significantly lower and transactions take place in real time and settle instantly.

“Banked is building a payments network that does more for everyone,” said Scott. “I have been hugely impressed by the incredible progress that Banked has already made over the past few years and the talented team we have in place. I am excited to lead the next stage of its growth journey throughout Europe.”

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