Paul Clark

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CTO

Paul is Tandem’s Chief Technology Officer and is both an expert in all things technical and a great communicator. His interest in tech was first sparked when he got his first computer when he was 11 years old. He studied Business Studies as an undergraduate then Computer Science for an M.Sc.. He’s been involved with digital and the internet since 1999 when he worked for a digital marketing brand company in Soho, building Web 1.0 sites for big brands taking their first steps onto the internet. Since then Paul has worked for the BBC, Channel 4, and ITV on their video on demand platforms.

Event Sessions Featuring Paul Clark


Roundtable (Breakout)

Making the Marketplace ‐ Round Table Discussion

London Summit 2018 - Monday 26 March 2018

  • All in attendance were in agreement: marketplaces are something we can expect to see coming out of every digital bank, sooner or later. But will the model become a money maker? Clark doesn't think so, suggesting that Tandem prefers to see its marketplace as simply a "benefit to the customer" over a tool for profitability. Myatt also pointed out that we have yet to determine an exact and widespread definition of what we mean by 'marketplace': does it refer to only third-party products being sold by a bank, or will banks eventually sell their own services and products within their apps too? 
  • In essence, the marketplace model should be about "putting the customer's data back in their hands" and allowing them to get the most out of it, said Barbosa. Indeed, both Chisell and Magliulo added that a marketplace should be about "giving way" to those who are specialised, in order to create the most value for their customers. Campbell mentioned that Bud has found higher traction from users sits on non-core products and services: things like energy-switching, travel perks and insurance. 
  • However Plumb warned that at times the marketplace has become a "sexy term" for a bank's partnership strategy, when what they're really offering is not a true marketplace at all. Often we speak about marketplaces as if they are just one generic product, but as in the case of robo advisors, not all marketplaces will be a good fit. Bibas suggested that each bank should develop a specific strategy for different partners, allowing them to create true customer value.
  • For the future, Moreni highlighted the need for banks to be focusing on what value in a marketplace really means to their customers. Whether you give a customer 10 or 3 choices for a service, "it doesn't matter unless you know what it is your customer needs from you," said Dallas. Muis agreed, sayng that if you want people to give up their data, banks will have to show them the value they're going to gain as a result. While a partnership strategy is a no-brainer for most, it'll be the new categories that come out of the marketplace model that will be the most exciting to watch.



Articles Featuring Paul Clark

Tandem Bank confirms fundraise and acquisition of green lender

9th March 2020 | John Reynolds

Tandem CTO exits, as bank nears multi-million fresh funding round

10th February 2020 | John Reynolds

Tandem launches new anti-fraud feature

23rd May 2018 | Ryan Weeks