Banking-Platform-as-a-Service provider Monument Technology makes senior tech and sales hires
Monument Technology, a technology subsidiary of UK-based challenger bank Monument, has appointed Diptesh Mishra as chief technology officer (CTO) and Nick Lawler as chief commercial officer (CCO).
Diptesh Mishra, CTO, Monument Technology
Created in 2023, Monument Technology is led by CEO Steve Britain, previously chief operating officer (COO) of Monument Bank.
Monument Technology offers a suite of front-to-back office solutions to banks and building societies in the UK, provided on a hosted basis. It is used by Monument Bank itself. Earlier this year, Ecology Building Society also signed for the offering.
The vendor describes its offering as an “end-to-end Banking-Platform-as-a-Service (BPaaS)”. The microservices-based banking platform spans digital delivery channels, servicing, core and other back-end technologies.
The company also promises to take care of all third-party contracts and integrations, delivery, migration, ongoing maintenance and future enhancements. All of the above is provided for “one annual licence fee”, Monument Technology says.
The core banking engine that underpins the platform is provided by Mambu, hosted on the Amazon Web Services (AWS) cloud.
Nick Lawler, CCO, Monument Technology
Mishra moves from SC Ventures, an innovation-focused business unit of Standard Chartered Bank, where he was CTO for over two years. Prior to that, he was CTO of Shoal, a B-Corp certified start-up that offers a sustainable savings app to the UK consumers. Shoal is backed by another UK fintech, Algbra, which, in turn, is backed by SC Ventures.
Mishra was also previously CTO of another digital challenger bank in the UK, Kroo, for around two years; and had a lengthy tenure of nearly 15 years at digital transformation company Sapient/Publicis Sapient.
Lawler moves to Monument Technology from a three-year stint at Mambu. Prior to that, he was sales director at DPR, a UK-based banking technology provider that is now part of Finova. He also previously held senior sales roles at Fiserv and Moneyfacts.
“Modern composable banking technologies have been around for a few years, but the challenge of building a fully integrated, end-to-end solution has been too complex and expensive for many – until now,” Lawler comments.
“The market has been crying out for a holistic, ‘bank in a box’ platform.”
