Bancorp, Inc. Announces Marty Miracle as New Chief Digital Officer; Responsible for Scaling and Compliantly Advancing Embedded Banking Innovations
Marty Miracle, a seasoned technology executive, has joined Thread Bank as the new Chief Digital Officer. Miracle's appointment comes as part of Thread Bancorp, Inc.'s strategic move to drive digital transformation for partners and customers.
Thread Bank's CEO, Chris Black, expressed his enthusiasm about Miracle's appointment. "We are thrilled to have Marty on board," said Black. "His extensive experience in leading digital transformations will be instrumental in shaping the future of Thread's technology capabilities."
Miracle's leadership at Sutton Bank, where he served as Chief Technology Officer, Chief Information Security Officer, and Certified Chief AI Officer, saw the end-to-end transformation of the bank's technology and digital platforms. He drove the integration of artificial intelligence (AI) and automation, modernized core banking services, and established critical corporate functions such as information security, risk management, and technology strategy.
At Thread Bank, Miracle's role will be to align technology with business objectives, build secure, compliant, API-first infrastructure, and oversee engineering, infrastructure, and cybersecurity functions. His aim is to cultivate a high-performing technical team and ensure system resilience and regulatory readiness.
Miracle's appointment is expected to be essential in shaping the future of Thread's technology capabilities. He will lead the development and execution of Thread's digital strategy, focusing on delivering seamless, secure, and scalable banking experiences to Thread's partners and customers.
Thread Bank already boasts a strong foundation of embedded, business, and personal banking solutions. With Miracle's leadership, the bank aims to enhance these offerings, enabling seamless integrations with banks, middleware providers, and compliance partners.
Miracle expressed his enthusiasm about blending strategy, technology, and creativity at Thread Bank. "I'm excited to join Thread Bank and drive digital transformation for partners and customers," he said. "I look forward to working with the team to create innovative solutions that meet the needs of our customers and partners."
[1] Source: Sutton Bank's official press release, dated 1st January 2025.
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