Today
we.trade announced that founding COO Roberto Mancone is leaving the blockchain company tomorrow and will be replaced by Ciaran McGowan as General Manager. Under Mancone’s leadership the consortium incorporated in Ireland and its ownership has grown to fourteen banks.
The trade finance project is in the soft launch phase. It went live last year, but since March banks have been onboarding customers with a softly softly approach. Most of the banks are not yet performing full roll outs because they have to train and ready their teams internally. Some banks are expected to start promoting the product in the summer. The target market is SMEs, so that’s equivalent to a retail product roll out. Given the banks are competitors they only know their own plans.
McGowan’s experience is as a CTO and technical project manager. His background is not in trade finance but he has spent both permanent and contracting time at several banks including Ulster Bank, Bank of Ireland, KBC Bank and AIB. The fact that Mancone’s job title was COO had sounded like it could be an interim role.
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