Chip, the UK based money savings mobile app operator announced the appointment of new member to its executive team. As per statement released by the firm, it has onboarded Mr. Philip Wright to serve as its new Chief Financial Officer. To those hearing about the firm for first time, Chip is a mobile platform (iOS/Android) based app which uses AI based data and open banking APIs to help its users boost their savings and manage money spending patterns to achieve their goals. In his new role as Chief Financial Officer at Chip, Philip is responsible for handling the firm’s financial operations. The incoming executive is a veteran with nearly 25 years of experience in serving senior level financial management roles across wide range of industries.
Aside from his current role at Chip, he is also serving as a Director at ALTFIN solutions Ltd were he provides advisory service on wide range of finance systems and most notably helped a firm restructure its business operations as socially responsible lender with internally built SaaS platform. Some of his other notable roles include interim financial operations director at Funding Circle UK, CFO at Auto Service Finance, Babylon health, Wonga Group Limited and Client Finance Leader at GE Capital for Store and Affinity Cards unit, Head of Finance at HBOS for their Affinity and Partnership Card Services, Finance Director at Transnational Ltd and Senior Finance Manager at Lehman Brothers.
Commenting on his new role at the firm Philip said, “I’m very excited to join the team at Chip. They are doing some amazing things, and it’s brilliant to see how resilient the company is. From the recent FCA authorization and a roll-out of new features (such as giving Chip savers access to FSCS accounts through partner banks), to a lot more news and updates in the pipeline, I’ve joined Chip at a very exciting time. It’s an absolute pleasure to play a key role in shaping the future of Chip and helping build an app that can enable people to save for the rainy days, as well as the sunny ones”.
Speaking about Philip’s addition to the team, Simon Rabin CEO of Chip said, “I’m delighted to welcome Phil to the team. It has been a turbulent time for everyone, but our savers’ response and the influx of new savers are strong indications that not only can Chip weather this storm, but it can also be a very helpful tool in other unexpected financial shocks in the future. As we continue to navigate these uncharted waters, I’m very happy to have Phil on board, and have his wealth of experience and expertise to help us steer this ship”.