5 Minute interview with 247Moneybox COO

5 May 2016

Having established itself in the UK consumer finance industry, the online UK payday loan company, 247Moneybox.com has been recognised by numerous bodies for its success in technology and entrepreneurship, including being ranked 9th in the highly prestigious Sunday Times Hiscox Tech Track 100 league table and 12th in the Deloitte Fast 50.

Mark Hannay, COO, provides insight:

What is the best thing about being in the HCSTC business?
This a very exciting time for the HCSTC industry and it's been very gratifying how the industry is working together through the 3 main trade bodies that represent the main participants. The payday market has changed dramatically in recent years and the lessons learned are crucial in moving forward to a successful sustainable industry that meets the needs of our customers.

What qualities do you look for in your employees or colleagues?
The key characteristics I look for are passion, initiative and integrity so they can drive forward in a dependable and trusted manner. Given the fact that these are the values we want 247Moneybox to reflect, hiring likeminded staff is essential.

Are you an optimist or a pessimist?
Ha, in this industry you have to be an optimist!

What did you want to be as a child?
No distinct memories, however I am sure I cycled through the cliches from astronaut to being in a band.

What does the future hold for 247Moneybox?
It's clear, from our research and from wider industry trends that alternative finance is here to stay. Millennials have zero loyalty to any one banking institution and will demand a collective of suppliers meet their financial needs from money transfer to savings to credit. Underpinning this vision is technology which is something we live and breathe. We couldn't be better placed for the next wave of disruption in the finance space and will hopefully be in great shape to take advantage of the tectonic shifts coming our way.