Aspiring blockchain-based regulated bank BABB headquartered in London’s Canary Wharf district has announced a new addition to its team. Demetrios Zamboglou joins BABB as its Chief Operating Officer (COO) from a previous role with ICON Capital Reserve – a fintech company focused on synergizing the value of gold with blockchain technology.

The fintech accelerator has raised around 20,000 Ether (initially valued at USD 20m) in capital and is actively working to relay financial services into the hands of individuals and businesses worldwide. BABB will use biometrics including facial and voice recognition, to provide individuals with secure banking services while facilitating organizations to engage in frictionless trade, partly aided by financial product offerings provided by BABB.

BABB has announced its intention to create a “bank for everyone” and a “world bank for the microeconomy”. Zamboglou is forming a key part of the company’s broader market strategy. As the company’s new COO, Zamboglou will focus exclusively on delivering BABB’s operational strategy as well as structuring its market operations.

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His past experience and forward-looking operational philosophy are analogous to that of BABB founder and CEO Rushd Averroes. Zamboglou and Averroes are both committed to building a blockchain-powered bank that serves the world’s microeconomy with Zamboglou keen to utilize his extensive FinTech experience in order to make this ambition a reality.

“I have been privileged to work in the financial services industry for more than a decade. My most recent experience has been focused on developing a variety of blockchain-related projects that are orientated towards harnessing the unique power of blockchain to serving the global community,” said Zamboglou.

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“This is the first time in my life that I am able to make a significant contribution to society, so I am honored by the opportunity to work with BABB and the chance to fulfill the potential made possible by blockchain technology. Joining BABB was a no-brainer,” elaborated the longtime fintech industry executive.

Fintech Experience

Having obtained the majority of his experience in trading and investments, Zamboglou will provide in-depth knowledge and understanding of exchanges, brokers and investment firms, as well as how to create profit centers. Demetrios Zamboglou holds a Ph.D. in Behavioural Finance from King’s College London, supplemented by more than a decade’s industry experience where he worked for several fintech start-ups, brokers and top-tier investment firms.

Under his leadership, BABB will launch a purpose-built user-focused application, and over time, will develop the functionality required that will allow the app to be scaled for millions of users.

Zamboglou has won several prestigious awards for his entrepreneurship and has obtained grants from industry giants such as Microsoft and Amazon. He has also participated in renowned conferences as a speaker and a panelist, most notably at the St. Petersburg International Economic Forum in 2018.

Rushd Averroes, CEO of BABB, said: “I am very pleased to have Dr Zamboglou as part of the Babb team. We have big ambitions to make a global impact on the financial market, and Dr Zamboglou’s background and experience embody the kind of people that we seek to have in order to drive our activities forward.”