Kreditech announces former mBank Managing Director Michal Panowicz as CPIO

  • Long­standing leader in the European digital banking joins Kreditech’s Executive team to build a world-class consumer finance product

Hamburg, October 6 2016 – Kreditech, the consumer finance technology Group, today announced that Michal Panowicz is joining as Chief Product and Information Officer (CPIO). In the newly created role of the CPIO, Michal will be responsible for the product and technology departments. Michal joins the Executive Team in the Hamburg Headquarters together with Founder and CEO Alexander Graubner-Müller, CFO Rene Griemens, CDO José Garcia Moreno-Torres and COO Oliver Prill.

Panowicz is known as “a digital frontrunner in banking” bringing nearly 20 years of proven track-record in financial services and technology. A major success in Panowicz’s career was a complete digital transformation of the 3rd largest bank in Poland – mBank – and growing it to one of the most recognized brands in financial innovation worldwide. The revolutionary digital services launched by Panowicz’s teams received 14 global awards for financial innovation, from both banking and fintech audiences, such as “Efma Most Disruptive Innovation”, “Finovate Best of Show” and “Celent Model Bank”. Forrester Research, TechCrunch, the Financial Times and the Wall Street Journal also strongly recognized its success. Directly prior to joining Kreditech, Panowicz was SVP & Deputy Head of Digital Banking at Nordea where he staged the roadmap and execution platform for new digital channels of the Group. His earlier experiences include leadership positions at Microsoft, eBay, The Boston Consulting Group and serving as Independent Director on supervisory board of the Polish startup bank – Alior Bank.

Alexander Graubner-Müller, CEO and Founder of Kreditech said: “We are thrilled to have Michal become part of our team and I am personally proud to welcome such recognized and inspiring leader with a long-track record of building highly successful digital financial services. Product and technology are the key value-drivers of our company and with Michal we bring on board the experience and leadership required to realize our ambitious product vision..”

Michal Panowicz commented: “I am excited to join Kreditech and am fully committed to its vision of improving financial freedom for the underbanked. Together we will build world-class engineering and a cutting-edge digital finance product for the many people that have been deprived of the benefits from the traditional financial system. In this untapped market, Kreditech has already built an impressive trajectory – with yet a huge potential to tap into.”

Michal Panowicz_201610


About Kreditech

Kreditech Group’s mission is to improve financial freedom for the underbanked by the use of technology. Combining non-traditional data sources and machine learning, the Company is aiming to provide access to better credit and a higher convenience for digital banking services. The product offerings include consumer loans, a digital wallet and a personal finance manager designed to help customers manage their credit score and plan their spending.  Kreditech also offers a “credit as a service” model, allowing partners to integrate its credit products as payment method or funding source.  Founded in 2012 and headquartered in Hamburg, Germany, Kreditech has processed almost three million loan applications through its subsidiaries. The Company is led by CEO and Co-Founder Alexander Graubner-Müller and is financially backed by world-class investors including J.C. Flowers, Peter Thiel, and the Worldbank’s IFC.

Picture material: Michal Panowicz