Contis launches banking division with appointment of former Lloyds MD

23rd June 2021 | Blogs, Member News, News

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By Contis

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Award-winning Banking-as-a-Service platform, Contis, is pleased to announce the appointment of Andy Lyons as Managing Director of Banking Solutions. Andy brings a wealth of experience in retail and corporate banking to boost Contis’ banking division and cement its position as the European leader in Banking-as-a-Service (BaaS).

This appointment comes amid a period of significant growth and success for Contis. Having doubled in size in 2021 and after claiming “Best Innovation” at the Card & Payments Awards, Contis is looking to hire an additional 50 employees. A number of these will sit in Andy Lyons’ new Banking Division, which is focusing on delivering Banking-as-a-Service and embedded finance to high-growth businesses across Europe - following a huge surge in demand for BaaS services in recent years.

As a qualified Transaction Banking specialist, Andy brings over 25 years’ experience across banking and payments. Andy joins Contis from Lloyds Banking Group, where he was responsible for sales strategy and commercialisation of new products as Managing Director of Payables and Receivables Sales.

Prior to that, Andy was UK & European Sales Director in the Transaction Banking division at Deutsche Bank. Previous experience also includes over 5 years at Sony Corporate Finance and 3 years at HSBC.

Andy Lyons commented: “Banking-as-a-Service is an exciting new area that has exponential growth potential with Fintechs, SMEs and Neobanks, as well as more traditional banking providers seeking to quickly provide more flexible payment and data services to their customers. By owning our own platform and development team, Contis are in a fantastic position to deliver on these Banking-as-a-Service requirements.

“Personally, I am excited about this new challenge and am fully committed to helping Contis build out their wider banking and payments propositions to sit neatly alongside our comprehensive card proposition. The fact that we currently deliver B2B and B2B2C propositions means we are very well placed to deliver for all of our target sectors.”

Contis Founder and Executive Chairman, Peter Cox, commented: “I am really pleased we’ve captured Andy to lead the expansion of our banking and payments capabilities across Europe. He has a proven success record and delivers highly credible banking knowledge to our massive push to be the European leader in efficient payments and remittances.

“Today, Contis is a significant provider of UK Faster payments to corporates and is growing its SEPA volumes dynamically via our end-to-end BaaS solutions.

“Contis reorganised its go-to-market approach in March 2021, introducing highly focused teams addressing Bank payments, end-to-end Regulated BaaS solutions, stand-alone managed services including card processing for regulated businesses, core banking technology and finally financial inclusion solutions for the Credit Unions under our Engage® brand.

“Andy’s team will be very disruptive in the banking payments sector, backed by the solid, proven and highly efficient Contis owned banking technology platform. It is industry beating from a technology and economics standpoint, and with its API connectivity, has already proven capable of attracting top tier users including banks and other fintech providers.”

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