Categories: B2B Payments

Cashplus Hires Amex Commercial Card Risk Exec

U.K. challenger FinTech Cashplus has hired a commercial card risk expert from American Express, reports this week said.

According to reports Wednesday (Sept. 18), Cashplus announced Rahul Duseja will join the company as its credit director. He comes from American Express as its head of credit risk for U.K. Commercial Cards and Payments and before working at Amex, Duseja held a position at Accenture.

In a statement, Cashplus Chief Commercial Officer Paul Schooley said Duseja’s “deep knowledge of how risk underpins performance, and his extensive [small- to medium-sized enterprises] SME experience, will be incredibly valuable as we move to accelerate our lending growth and develop new products, tailor-made for the small businesses that so often struggle to access the capital they need in order to grow.”

In another statement, Duseja said that he is “excited” to join Cashplus at a time when challenger banks are disrupting the small business financial services space.

“Digital challengers are increasingly shaking up the SME banking and lending market, offering a lifeline to entrepreneurs where traditional players can’t, or won’t,” he said. “I’m looking forward to working with Paul and the team as we focus on building an even more compelling range of products and services for U.K. SMEs.”

The new hire comes as Cashplus continues its pursuit of a U.K. banking license, which it has already applied for and hopes to receive authorization in the first quarter of next year. If the company is cleared to operate as a bank, Cashplus said it will have access to more than $370 million in capital to finance its small business loans.

Late last year, Cashplus announced a new application programming interface (API) allowing small and medium-sized businesses to initiate mass payments to their supplier base at the same time, part of its broader API roadmap, it said at the time. In May the company revealed it had applied for a portion of the $1 billion in Royal Bank of Scotland funds available to U.K. challengers to spur competition in the small business banking market, and also revealed plans to launch a business credit rating service for startups.

Get our hottest stories delivered to your inbox.

Sign up for the Newsletter to get updates on top stories and viral hits.



Digital transformation has been forcefully accelerated, but how does that agility translate into the fight against COVID-era attacks and sophisticated identity threats? As millions embrace online everything, preserving digital trust now falls mostly on banks and FIs. Now, advances in identity data and using different weights on the payment mix afford new opportunities to arm organizations and their customers against cyberthreats. From the latest in machine learning for fraud and risk, to corporate treasury teams working in new ways with new datasets, learn from experts how digital identity, together with advances like real-time payments, combine to engender trust and enrich relationships.

Recent Posts

Combating ATOs With Multifactor Authentication, Behaviors Analysis And Customer Education

Much has been said about the viability of biometrics for guarding against bad actors, but financial institutions (FIs) cannot simply…

57 mins ago

How Self-Serve Onboarding Is Powering Real Estate Deals

The pandemic has fundamentally changed all aspects of real estate, and time-consuming procedures like onboarding and ID verification for prospective…

1 hour ago

Logistics, Supply Chain Tech Lead B2B Funding This Week

Taulia, a B2B FinTech startup, made headlines this week thanks to reports that the company is raising funds from Ping…

1 hour ago

How Cannabis Can Become A B2B Payments Innovation Influencer

The legal cannabis market's financial services challenges are, by now, well-known. For several years, while state-level legalization has expanded, access…

1 hour ago

Deep Dive: How Utilizing AP Automation Tools Can Help SMBs Endure Financial Strains

Cash flow is king, especially for small- to medium-sized businesses (SMBs). These firms often have less funding than their larger…

2 hours ago

Punjab National Bank Faces Third Major Fraud In As Many Years

Punjab National Bank shares fell by nearly 6 percent late Thursday (June 9) after it was defrauded $491 million by…

2 hours ago