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UK FinTech Curve boosts Credit business with new appointment

Paul Harrald, Curve’s Credit Lead

Digital banking platform Curve has announced the appointment of Paul Harrald as its new Credit Business Lead. The new hire is expected to oversee and set up the company’s credit business.

Previously, Harrald worked at the Chinese Venture Capital firm CreditEase and held the role of the CIO and Director of Analytics at SAV Credit (now the £1bn alternative credit business New Day). He was on the RBS retail banking boards and worked as a credit and risk advisor at Google.

Paul Harrald, Curve’s new Credit Lead said, “Curve is uniquely positioned in the market as an Over-The-Top banking platform to offer consumers unrivalled simplicity in managing multiple payments and credit products. The launch of Curve Credit in 2020 will provide its customers with phenomenal control of their finances and the ultimate financial experience.”

Curve’s Credit business is expected to allow customers to pay off their credit card debt and split transactions into instalments within its app. The supplier states that its Credit business aims to provide an alternative to revolving credit and will feature the ability to make full, ad hoc, partial, and regular repayments from different sources. It also aims to facilitate the complete visibility of payment schedules and amounts outstanding for customers.

Shachar Bialick, Founder and CEO of Curve said, “He has a remarkable track record for building and growing hugely successful credit products and it is a massive coup for Curve to have secured such a talent and be able to draw on his expertise as we look to enter the highly competitive credit market later this year.”

Recently, Curve announced partnerships with Garmin, Fitbit and Sony’s Wena Pay in an attempt to accelerate the expansion of its wearables offering.

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