Card issuing platform\u00a0Marqeta\u00a0has a new chief artificial intelligence (AI) officer.
\nFouzi Husaini, a veteran of\u00a0Amazon\u00a0and\u00a0Capital One, will play a key role in Marqeta\u2019s efforts to scale its AI organization, the company\u00a0announced\u00a0Monday (Sept. 23).
\n\u201cWe\u2019re thrilled to have Fouzi on board,\u201d Marqeta Chief Product and Technology Officer\u00a0Randy Kern said in a news release.
\n\u201cHis deep knowledge of AI and machine learning, combined with decades of on-the-ground AI leadership at top companies, will be instrumental in shaping our technology roadmap and leveraging AI to expand our capabilities in transaction intelligence, fraud prevention, and customer service.\u201d
\nHusaini joins Marqeta from Capital One, where he served as vice president of machine learning (ML) engineering, focused on developing ML models for the company\u2019s credit products/services. Before that, he oversaw a technical team at Amazon that created AI/ML customer-facing experiences for Alexa users.
\nMarqeta introduced its first\u00a0external-facing generative AI tool\u00a0last summer. Marqeta Docs AI, powered by\u00a0OpenAI\u2019s\u00a0large language models (LLMs) lets Marqeta customers ask questions, find answers to individual use cases and more quickly understand products.
\nIn other AI news, PYMNTS wrote last week about the way the technology is easing the administrative burden on\u00a0small and medium-sized businesses\u00a0(SMBs), giving them more space to focus on growth and strategy.
\n\u201cAI can help integrate data from across spreadsheets, PDFs and business units, unlocking insights that can improve operations and progress toward business goals,\u201d\u00a0IBM\u00a0Head of Sustainability Software\u00a0Christina Shim\u00a0said in an\u00a0interview\u00a0with PYMNTS.
\nAnd recent research by PYMNTS Intelligence found that 96% of SMBs that have employed AI tools \u2014 though not necessarily GenAI \u2014 saw it as an effective way to streamline tasks.
\nAmong the most impactful areas of AI adoption is the\u00a0automation of administrative tasks. For example, AI-powered tools such as chatbots, virtual assistants and automated scheduling software can handle customer inquiries, appointment bookings and routine communications, giving human workers more time to manage more strategic tasks.
\n\u201cSeparately, AI tools that leverage natural language processing (NLP) can assist in drafting emails, documents and reports, reducing the need for manual input and allowing businesses to operate more efficiently,\u201d PYMNTS wrote.
\nFor all PYMNTS AI coverage, subscribe to the daily\u00a0AI\u00a0Newsletter.
\nThe post Marqeta Names Amazon Vet Fouzi Husaini as Chief AI Officer appeared first on PYMNTS.com.
\n", "content_text": "Card issuing platform\u00a0Marqeta\u00a0has a new chief artificial intelligence (AI) officer.\nFouzi Husaini, a veteran of\u00a0Amazon\u00a0and\u00a0Capital One, will play a key role in Marqeta\u2019s efforts to scale its AI organization, the company\u00a0announced\u00a0Monday (Sept. 23).\n\u201cWe\u2019re thrilled to have Fouzi on board,\u201d Marqeta Chief Product and Technology Officer\u00a0Randy Kern said in a news release.\n\u201cHis deep knowledge of AI and machine learning, combined with decades of on-the-ground AI leadership at top companies, will be instrumental in shaping our technology roadmap and leveraging AI to expand our capabilities in transaction intelligence, fraud prevention, and customer service.\u201d\nHusaini joins Marqeta from Capital One, where he served as vice president of machine learning (ML) engineering, focused on developing ML models for the company\u2019s credit products/services. Before that, he oversaw a technical team at Amazon that created AI/ML customer-facing experiences for Alexa users.\nMarqeta introduced its first\u00a0external-facing generative AI tool\u00a0last summer. Marqeta Docs AI, powered by\u00a0OpenAI\u2019s\u00a0large language models (LLMs) lets Marqeta customers ask questions, find answers to individual use cases and more quickly understand products.\nIn other AI news, PYMNTS wrote last week about the way the technology is easing the administrative burden on\u00a0small and medium-sized businesses\u00a0(SMBs), giving them more space to focus on growth and strategy.\n\u201cAI can help integrate data from across spreadsheets, PDFs and business units, unlocking insights that can improve operations and progress toward business goals,\u201d\u00a0IBM\u00a0Head of Sustainability Software\u00a0Christina Shim\u00a0said in an\u00a0interview\u00a0with PYMNTS.\nAnd recent research by PYMNTS Intelligence found that 96% of SMBs that have employed AI tools \u2014 though not necessarily GenAI \u2014 saw it as an effective way to streamline tasks.\nAmong the most impactful areas of AI adoption is the\u00a0automation of administrative tasks. For example, AI-powered tools such as chatbots, virtual assistants and automated scheduling software can handle customer inquiries, appointment bookings and routine communications, giving human workers more time to manage more strategic tasks.\n\u201cSeparately, AI tools that leverage natural language processing (NLP) can assist in drafting emails, documents and reports, reducing the need for manual input and allowing businesses to operate more efficiently,\u201d PYMNTS wrote.\n\nFor all PYMNTS AI coverage, subscribe to the daily\u00a0AI\u00a0Newsletter.\n\nThe post Marqeta Names Amazon Vet Fouzi Husaini as Chief AI Officer appeared first on PYMNTS.com.", "date_published": "2024-09-23T12:06:37-04:00", "date_modified": "2024-09-23T12:06:37-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2023/08/marqeta.jpg", "tags": [ "AI", "Amazon", "artificial intelligence", "Capital One", "card issuing", "Fouzi Husaini", "machine learning", "Marqeta", "News", "Personnel", "PYMNTS News", "Technology", "What's Hot" ] }, { "id": "https://www.pymnts.com/?p=2102373", "url": "https://www.pymnts.com/personnel/2024/td-bank-executive-raymond-chun-to-succeed-ceo-bharat-masrani/", "title": "TD Bank Executive Raymond Chun to Succeed CEO Bharat Masrani", "content_html": "TD Bank Group President and CEO\u00a0Bharat Masrani will retire April 10, and will be succeeded by Raymond Chun, who is currently group head, Candian personal banking.
\nMasrani has been CEO for more than a decade and has been with the bank for 38 years, TD Bank said in a Thursday (Sept. 19)\u00a0press release.
\nFollowing his retirement as CEO, Masrani will serve as an advisor to the bank until Oct. 31, 2025, according to the release.
\n\u201cBharat helped to build TD over almost four decades, and as CEO led the Bank through a period of profound change in our industry,\u201d\u00a0Alan MacGibbon, chair of the TD Bank Group board of directors, said in the release. \u201cHe accelerated our transformation in the digital age, enhanced the competitiveness of our businesses, nurtured one of the world\u2019s most valuable brands, and steered TD through complexity with a steady hand.\u201d
\nChun will be appointed to the board of directors and become chief operating officer, TD Bank Group, reporting to Masrani, effective Nov. 1, and will become Group president and CEO, TD Bank Group, when Masrani retires April 10, per the release.
\nSince joining TD in 1992, Chun has assumed increasingly senior roles and improved the performance and strength of the businesses he led, according to the release.
\n\u201cRay is a dynamic leader with a long track record of success across multiple leadership roles,\u201d MacGibbon said in the release. \u201cHis proven ability to drive change, deliver outcomes and build strong, high-performing teams will serve him well as he guides TD into the future.\u201d
\nTD Bank Group also announced Thursday that\u00a0Riaz Ahmed, group head, wholesale banking and president and CEO of TD Securities, will retire at the end of January after close to three decades at the bank.
\nThe bank also announced three changes to the senior executive team. Effective Nov. 1,\u00a0Paul Clark, executive vice president, private wealth management and financial planning, will become senior executive vice president, wealth management;\u00a0Sona Mehta, executive vice president, real estate secured lending, everyday banking, saving and investing, will become group head, Canadian personal banking; and\u00a0Tim Wiggan, group head, wealth management and insurance, will become group head, wholesale banking and president and CEO of TD Securities, per the release.
\n\u201cWe have a strong bench of senior leaders and will execute a smooth and seamless CEO transition,\u201d Masrani said in the release. \u201cThe anti-money laundering challenges we face took place on my watch as CEO and I take full responsibility. In the coming months, I will continue to advance and direct the critical remediation program required to meet our obligations and responsibilities and strengthen our risk and control foundation.\u201d
\nIt was reported Aug. 28 that TD Bank\u2019s ongoing issues with its\u00a0anti-money laundering (AML) controls could usher in a leadership change.
\nThat report from Reuters came days after the bank released quarterly earnings that showed a $2.6 billion provision related to a possible investigation into the AML program. This came after a $450 million provision announced during the prior quarter.
\nThe post TD Bank Executive Raymond Chun to Succeed CEO Bharat Masrani appeared first on PYMNTS.com.
\n", "content_text": "TD Bank Group President and CEO\u00a0Bharat Masrani will retire April 10, and will be succeeded by Raymond Chun, who is currently group head, Candian personal banking.\nMasrani has been CEO for more than a decade and has been with the bank for 38 years, TD Bank said in a Thursday (Sept. 19)\u00a0press release.\nFollowing his retirement as CEO, Masrani will serve as an advisor to the bank until Oct. 31, 2025, according to the release.\n\u201cBharat helped to build TD over almost four decades, and as CEO led the Bank through a period of profound change in our industry,\u201d\u00a0Alan MacGibbon, chair of the TD Bank Group board of directors, said in the release. \u201cHe accelerated our transformation in the digital age, enhanced the competitiveness of our businesses, nurtured one of the world\u2019s most valuable brands, and steered TD through complexity with a steady hand.\u201d\nChun will be appointed to the board of directors and become chief operating officer, TD Bank Group, reporting to Masrani, effective Nov. 1, and will become Group president and CEO, TD Bank Group, when Masrani retires April 10, per the release.\nSince joining TD in 1992, Chun has assumed increasingly senior roles and improved the performance and strength of the businesses he led, according to the release.\n\u201cRay is a dynamic leader with a long track record of success across multiple leadership roles,\u201d MacGibbon said in the release. \u201cHis proven ability to drive change, deliver outcomes and build strong, high-performing teams will serve him well as he guides TD into the future.\u201d\nTD Bank Group also announced Thursday that\u00a0Riaz Ahmed, group head, wholesale banking and president and CEO of TD Securities, will retire at the end of January after close to three decades at the bank.\nThe bank also announced three changes to the senior executive team. Effective Nov. 1,\u00a0Paul Clark, executive vice president, private wealth management and financial planning, will become senior executive vice president, wealth management;\u00a0Sona Mehta, executive vice president, real estate secured lending, everyday banking, saving and investing, will become group head, Canadian personal banking; and\u00a0Tim Wiggan, group head, wealth management and insurance, will become group head, wholesale banking and president and CEO of TD Securities, per the release.\n\u201cWe have a strong bench of senior leaders and will execute a smooth and seamless CEO transition,\u201d Masrani said in the release. \u201cThe anti-money laundering challenges we face took place on my watch as CEO and I take full responsibility. In the coming months, I will continue to advance and direct the critical remediation program required to meet our obligations and responsibilities and strengthen our risk and control foundation.\u201d\nIt was reported Aug. 28 that TD Bank\u2019s ongoing issues with its\u00a0anti-money laundering (AML) controls could usher in a leadership change.\nThat report from Reuters came days after the bank released quarterly earnings that showed a $2.6 billion provision related to a possible investigation into the AML program. This came after a $450 million provision announced during the prior quarter.\nThe post TD Bank Executive Raymond Chun to Succeed CEO Bharat Masrani appeared first on PYMNTS.com.", "date_published": "2024-09-19T12:48:28-04:00", "date_modified": "2024-09-19T12:48:28-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2023/05/TD-Bank-2.jpg", "tags": [ "banking", "Bharat Masrani", "executives", "News", "Personnel", "PYMNTS News", "Raymond Chun", "td bank", "TD Bank Group", "What's Hot" ] }, { "id": "https://www.pymnts.com/?p=2102175", "url": "https://www.pymnts.com/personnel/2024/target-taps-pepsicos-jim-lee-to-serve-as-finance-chief/", "title": "Target Taps PepsiCo\u2019s Jim Lee as New CFO", "content_html": "Target\u00a0has picked longtime\u00a0PepsiCo\u00a0executive\u00a0Jim Lee\u00a0as its new chief financial officer (CFO).
\nLee, who spent more than 25 years with the food and beverage giant, will join Target\u2019s leadership team Sept. 22, the retailer\u00a0announced\u00a0Thursday (Sept. 19).
\n\u201cAs a successful leader in finance and strategy, Jim will oversee the central role our finance team plays in fueling our long-term profitable growth,\u201d Target Chair and CEO\u00a0Brian Cornell said in a news release.
\n\u201cWith decades leading core finance functions and nurturing growth, Jim will complement the strong and tenured leadership currently in place on our finance team.\u201d
\nLee\u2019s most recent role was as PepsiCo\u2019s deputy finance chief, leading the finance teams for the company\u2019s $35 billion international business. He has also led financial planning and analysis, and finance functions for brand and innovation, franchise bottlers, supply chain and business development, the release added.
\n\u201cI\u2019m excited to join a team and a brand that I have so much respect for, and I\u2019m eager to get immersed in the retail industry,” said Lee. \u201cWith a clear strategy, a differentiated shopping experience and a brand that consumers love, Target\u2019s competitive advantages are a strong foundation for long-term growth.\u201d
\nLee succeeds\u00a0Michael Fiddelke, who had been serving as both chief operating officer and CFO at Target since earlier this year.
\nPYMNTS has been examining the\u00a0changing role of the CFO, with finance leaders saying the job of the chief financial officer role has never been more strategic.
\n\u201cThe CFO role has evolved from being a historian, looking at and delivering reports that are dated, to becoming a strategic partner in decision-making and not just documenting that decision-making,\u201d\u00a0Brian Unruh, CFO at global artificial intelligence (AI) company\u00a0ABBYY, said in an interview for the PYMNTS\u00a0\u201cA Day In The Life of a CFO\u201d\u00a0series.
\nThis evolution, the report noted, has been fueled by developments in technology, evolving market dynamics, and a rising need for sustainable growth.
\n\u201cThe\u00a0finance department\u00a0exists to fuel decision frameworks,\u201d said Unruh, pointing out that the \u201ctimely, accurate, and multidimensional data\u201d finance department provides each day to the rest of their business is what helps define and accelerate internal growth drivers.
\nThe post Target Taps PepsiCo\u2019s Jim Lee as New CFO appeared first on PYMNTS.com.
\n", "content_text": "Target\u00a0has picked longtime\u00a0PepsiCo\u00a0executive\u00a0Jim Lee\u00a0as its new chief financial officer (CFO).\nLee, who spent more than 25 years with the food and beverage giant, will join Target\u2019s leadership team Sept. 22, the retailer\u00a0announced\u00a0Thursday (Sept. 19).\n\u201cAs a successful leader in finance and strategy, Jim will oversee the central role our finance team plays in fueling our long-term profitable growth,\u201d Target Chair and CEO\u00a0Brian Cornell said in a news release.\n\u201cWith decades leading core finance functions and nurturing growth, Jim will complement the strong and tenured leadership currently in place on our finance team.\u201d\nLee\u2019s most recent role was as PepsiCo\u2019s deputy finance chief, leading the finance teams for the company\u2019s $35 billion international business. He has also led financial planning and analysis, and finance functions for brand and innovation, franchise bottlers, supply chain and business development, the release added.\n\u201cI\u2019m excited to join a team and a brand that I have so much respect for, and I\u2019m eager to get immersed in the retail industry,” said Lee. \u201cWith a clear strategy, a differentiated shopping experience and a brand that consumers love, Target\u2019s competitive advantages are a strong foundation for long-term growth.\u201d\nLee succeeds\u00a0Michael Fiddelke, who had been serving as both chief operating officer and CFO at Target since earlier this year.\nPYMNTS has been examining the\u00a0changing role of the CFO, with finance leaders saying the job of the chief financial officer role has never been more strategic.\n\u201cThe CFO role has evolved from being a historian, looking at and delivering reports that are dated, to becoming a strategic partner in decision-making and not just documenting that decision-making,\u201d\u00a0Brian Unruh, CFO at global artificial intelligence (AI) company\u00a0ABBYY, said in an interview for the PYMNTS\u00a0\u201cA Day In The Life of a CFO\u201d\u00a0series.\nThis evolution, the report noted, has been fueled by developments in technology, evolving market dynamics, and a rising need for sustainable growth.\n\u201cThe\u00a0finance department\u00a0exists to fuel decision frameworks,\u201d said Unruh, pointing out that the \u201ctimely, accurate, and multidimensional data\u201d finance department provides each day to the rest of their business is what helps define and accelerate internal growth drivers.\nThe post Target Taps PepsiCo\u2019s Jim Lee as New CFO appeared first on PYMNTS.com.", "date_published": "2024-09-19T09:51:11-04:00", "date_modified": "2024-09-19T22:36:32-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2022/10/Target.jpg", "tags": [ "B2B", "B2B Payments", "CFOs", "Chief Financial Officer", "commercial payments", "Jim Lee", "News", "PepsiCo", "Personnel", "PYMNTS News", "Retail", "Target", "What's Hot", "What's Hot In B2B" ] }, { "id": "https://www.pymnts.com/?p=2101945", "url": "https://www.pymnts.com/personnel/2024/report-openai-hires-courseras-leah-belsky-as-first-general-manager-of-education/", "title": "Report: OpenAI Hires Coursera\u2019s Leah Belsky as First General Manager of Education", "content_html": "OpenAI has reportedly hired its first general manager of education: former\u00a0Coursera Chief Revenue Officer\u00a0Leah Belsky.
\nIn this role, Belsky will work to bring the artificial intelligence (AI) startup\u2019s products to more schools; boost its engagement with teachers and students; and work with OpenAI\u2019s own teams on their partnerships with the academic community, Bloomberg\u00a0reported Wednesday (Sept. 18).
\nThese efforts will span elementary schools, higher education and continuing education, according to the report.
\n\u201cLeah will accelerate our work with leading academic institutions to ensure that people working across all disciplines and industries have the training they need to maximize the benefits of AI,\u201d OpenAI Chief Operating Officer Brad Lightcap said in the report.
\nReached by PYMNTS, OpenAI confirmed the report.
\nThe company launched a version of ChatGPT built for\u00a0universities in May, saying\u00a0ChatGPT Edu allows the schools to responsibly deploy AI to students, faculty, researchers and campus operations. The product can help with tasks like tutoring, reviewing resumes, writing grant applications and grading.
\nThis is one of three business products that OpenAI rolled out since August. A year after the launch of the first product, these offerings collectively have more than 1 million paying business users.
\nWhen announcing ChatGPT Edu in a May 30\u00a0blog post, OpenAI wrote: \u201cPowered by GPT-4o, ChatGPT Edu can reason across text and vision and use advanced tools such as data analysis. This new offering includes enterprise-level security and controls and is affordable for educational institutions.\u201d
\nAs AI matures and use cases continue to develop, the technology is impacting\u00a0higher education operations from the dean\u2019s office to the financial aid office, PYMNTS reported in January.
\nIn July, one of OpenAI\u2019s founding members said he is launching an \u201cAI native\u201d\u00a0school\u00a0called Eureka that will meld education and AI.
\nAndrej Karpathy, who had been a key researcher for the company until February, wrote in a\u00a0post\u00a0on X that subject matter experts \u201ccannot personally tutor all 8 billion of us on demand.\u201d
\n\u201cHowever, with recent progress in generative AI, this learning experience feels tractable,\u201d Karpathy wrote. \u201cThe teacher still designs the course materials, but they are supported, leveraged and scaled with an AI Teaching Assistant who is optimized to help guide the students through them.\u201d
\nThe post Report: OpenAI Hires Coursera\u2019s Leah Belsky as First General Manager of Education appeared first on PYMNTS.com.
\n", "content_text": "OpenAI has reportedly hired its first general manager of education: former\u00a0Coursera Chief Revenue Officer\u00a0Leah Belsky.\nIn this role, Belsky will work to bring the artificial intelligence (AI) startup\u2019s products to more schools; boost its engagement with teachers and students; and work with OpenAI\u2019s own teams on their partnerships with the academic community, Bloomberg\u00a0reported Wednesday (Sept. 18).\nThese efforts will span elementary schools, higher education and continuing education, according to the report.\n\u201cLeah will accelerate our work with leading academic institutions to ensure that people working across all disciplines and industries have the training they need to maximize the benefits of AI,\u201d OpenAI Chief Operating Officer Brad Lightcap said in the report.\nReached by PYMNTS, OpenAI confirmed the report.\nThe company launched a version of ChatGPT built for\u00a0universities in May, saying\u00a0ChatGPT Edu allows the schools to responsibly deploy AI to students, faculty, researchers and campus operations. The product can help with tasks like tutoring, reviewing resumes, writing grant applications and grading.\nThis is one of three business products that OpenAI rolled out since August. A year after the launch of the first product, these offerings collectively have more than 1 million paying business users.\nWhen announcing ChatGPT Edu in a May 30\u00a0blog post, OpenAI wrote: \u201cPowered by GPT-4o, ChatGPT Edu can reason across text and vision and use advanced tools such as data analysis. This new offering includes enterprise-level security and controls and is affordable for educational institutions.\u201d\nAs AI matures and use cases continue to develop, the technology is impacting\u00a0higher education operations from the dean\u2019s office to the financial aid office, PYMNTS reported in January.\nIn July, one of OpenAI\u2019s founding members said he is launching an \u201cAI native\u201d\u00a0school\u00a0called Eureka that will meld education and AI.\nAndrej Karpathy, who had been a key researcher for the company until February, wrote in a\u00a0post\u00a0on X that subject matter experts \u201ccannot personally tutor all 8 billion of us on demand.\u201d\n\u201cHowever, with recent progress in generative AI, this learning experience feels tractable,\u201d Karpathy wrote. \u201cThe teacher still designs the course materials, but they are supported, leveraged and scaled with an AI Teaching Assistant who is optimized to help guide the students through them.\u201d\nThe post Report: OpenAI Hires Coursera\u2019s Leah Belsky as First General Manager of Education appeared first on PYMNTS.com.", "date_published": "2024-09-18T19:20:52-04:00", "date_modified": "2024-09-18T19:20:52-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2024/09/OpenAI-schools-education-personnel.jpg", "tags": [ "Coursera", "digital transformation", "Education", "Leah Belsky", "News", "OpenAI", "Personnel", "PYMNTS News", "schools", "Technology", "What's Hot" ] }, { "id": "https://www.pymnts.com/?p=2100775", "url": "https://www.pymnts.com/personnel/2024/mangopay-names-meta-veteran-sergi-herrero-as-ceo/", "title": "Mangopay Names Meta Veteran Sergi Herrero as CEO", "content_html": "Payments infrastructure provider Mangopay has chosen Sergi Herrero as its new CEO.
\nHerrero, a veteran of companies such as Meta, Square and BNP Paribas, is replacing Romain Mazeries, who is stepping down as chief executive, the Paris-based company announced Tuesday (Sept. 17).
\n\u201cSergi brings a wealth of experience and vision that aligns perfectly with our ambitions for Mangopay,\u201d Xavier Garambois, chairman of the Mangopay board, said in a news release. \u201cMangopay is on an exciting growth trajectory and we are confident that Sergi is the right leader to take the business to its next stage of development.\u201d
\nBefore this latest role, Herrero served as global director for payments and commerce partnerships at Meta, launching and expanding its payment and commerce capabilities. He also held senior executive positions at Square and BNP Paribas, and served as co-CEO of the telecommunications company VEON.
\n\u201cMangopay provides transformational payment solutions for platforms internationally. Our offering for this expanding area of the ecommerce industry is both innovative and highly differentiated,\u201d Herrero said.
\nMazeries, who was part of Mangopay\u2019s founding team and served as CEO for the last six years, will remain a part of the board of directors and \u201cwill continue to work closely with the company,\u201d the release said.
\nPYMNTS spoke earlier this year with James Butland, U.K. managing director at Mangopay, about the \u201cdigital renaissance\u201d underway in B2B payments, as companies work to modernize their antiquated processes.
\n\u201cBusinesses are becoming much more aware and much more savvy about how to operate digitally,\u201d Butland said, explaining that dealing with B2B payments offline comes with \u201ca lot of admin, a lot of costs and time lost.\u201d
\nMore recently, Mangopay Vice President of Product and Data Maciej Pitucha contributed his thoughts on fraud prevention to the PYMNTS eBook, \u201cThe Implications of Uncertainty.\u201d
\n\u201cThe most effective way to safeguard against these risks is to monitor current baseline metrics and look out for spikes and anomalies \u2014 things like how many new users there are, transaction volume and payment methods used in a specific region or during a specific period,\u201d wrote Pitucha. \u201cThese anomalies are yellow flags that prompt us to take a closer look.\u201d
\nThe post Mangopay Names Meta Veteran Sergi Herrero as CEO appeared first on PYMNTS.com.
\n", "content_text": "Payments infrastructure provider Mangopay has chosen Sergi Herrero as its new CEO.\nHerrero, a veteran of companies such as Meta, Square and BNP Paribas, is replacing Romain Mazeries, who is stepping down as chief executive, the Paris-based company announced Tuesday (Sept. 17).\n\u201cSergi brings a wealth of experience and vision that aligns perfectly with our ambitions for Mangopay,\u201d Xavier Garambois, chairman of the Mangopay board, said in a news release. \u201cMangopay is on an exciting growth trajectory and we are confident that Sergi is the right leader to take the business to its next stage of development.\u201d\nBefore this latest role, Herrero served as global director for payments and commerce partnerships at Meta, launching and expanding its payment and commerce capabilities. He also held senior executive positions at Square and BNP Paribas, and served as co-CEO of the telecommunications company VEON.\n\u201cMangopay provides transformational payment solutions for platforms internationally. Our offering for this expanding area of the ecommerce industry is both innovative and highly differentiated,\u201d Herrero said.\nMazeries, who was part of Mangopay\u2019s founding team and served as CEO for the last six years, will remain a part of the board of directors and \u201cwill continue to work closely with the company,\u201d the release said.\nPYMNTS spoke earlier this year with James Butland, U.K. managing director at Mangopay, about the \u201cdigital renaissance\u201d underway in B2B payments, as companies work to modernize their antiquated processes.\n\u201cBusinesses are becoming much more aware and much more savvy about how to operate digitally,\u201d Butland said, explaining that dealing with B2B payments offline comes with \u201ca lot of admin, a lot of costs and time lost.\u201d\nMore recently, Mangopay Vice President of Product and Data Maciej Pitucha contributed his thoughts on fraud prevention to the PYMNTS eBook, \u201cThe Implications of Uncertainty.\u201d\n\u201cThe most effective way to safeguard against these risks is to monitor current baseline metrics and look out for spikes and anomalies \u2014 things like how many new users there are, transaction volume and payment methods used in a specific region or during a specific period,\u201d wrote Pitucha. \u201cThese anomalies are yellow flags that prompt us to take a closer look.\u201d\nThe post Mangopay Names Meta Veteran Sergi Herrero as CEO appeared first on PYMNTS.com.", "date_published": "2024-09-17T13:11:14-04:00", "date_modified": "2024-09-17T13:11:14-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2024/09/Mangopay-CEO-executives-personnel-Sergi-Herrero.jpg", "tags": [ "executives", "Mangopay", "News", "payments companies", "payments infrastructure", "Personnel", "PYMNTS News", "Romain Mazeries", "Sergi Herrero", "What's Hot" ] }, { "id": "https://www.pymnts.com/?p=2099137", "url": "https://www.pymnts.com/personnel/2024/worldline-announces-ceo-transition-after-summer-slow-trading-conditions/", "title": "Worldline Announces CEO Transition After Summer\u2019s \u2018Slow Trading Conditions\u2019", "content_html": "Worldline\u2019s board of directors said Friday (Sept. 13) that Gilles Grapinet will step down as CEO and board member Sept. 30 and that the company will search for a new CEO who will work with the board to determine a new strategic plan.
\nThe company also said in the Friday (Sept. 13) press release announcing this leadership change that Worldline experienced \u201cslow trading conditions coupled with specific performance issues\u201d in some parts of its business over the summer. Worldline added that it has implemented action plans in response to these issues and will announce further details during its Oct. 30 announcement of third-quarter results.
\nWorldline\u2019s profit warning issued Friday is the third it has released this year, Reuters reported Friday. The announcement sent its shares to a record low that marked a 92% drop from their July 2021 high.
\nDuring the search for a new CEO, Marc-Henri Desportes, Worldline\u2019s deputy CEO and head of merchant services, will serve as CEO for an interim period, according to the release.
\nWorldline also reiterated its focus on executing its plan called Power24, which aims to transform the company to be more client-centric, innovative, efficient, and positioned for stronger future growth and margin improvement, per the release.
\n\u201cPower24 and all our current major development initiatives will be pursued under the steer of Marc-Henri Desportes, whilst the next strategic plan of Worldline will be actively prepared to leverage all our remarkable assets for long-term development and strong value creation for all stakeholders,\u201d Wilfried Verstraete, chairman of Worldline\u2019s board of directors, said in the release.
\nVerstraete said in the release that under Desportes\u2019 leadership, the company built \u201ca full pan-European footprint, a vast customer base\u201d and strategic partnerships with leading financial institutions.
\nGrapinet said in the release: \u201cAs Worldline enters a new phase, I am fully confident that Marc-Henri Desportes will pursue to successfully execute Power24 to adapt to the current challenges. By leveraging all its assets and talents, I am convinced that Worldline has a very solid future ahead.\u201d
\nWorldline said in February that it planned to cut 8% of its workforce to reduce costs and \u201csupport stronger future growth and cash generation.\u201d
\nThe post Worldline Announces CEO Transition After Summer\u2019s \u2018Slow Trading Conditions\u2019 appeared first on PYMNTS.com.
\n", "content_text": "Worldline\u2019s board of directors said Friday (Sept. 13) that Gilles Grapinet will step down as CEO and board member Sept. 30 and that the company will search for a new CEO who will work with the board to determine a new strategic plan.\nThe company also said in the Friday (Sept. 13) press release announcing this leadership change that Worldline experienced \u201cslow trading conditions coupled with specific performance issues\u201d in some parts of its business over the summer. Worldline added that it has implemented action plans in response to these issues and will announce further details during its Oct. 30 announcement of third-quarter results.\nWorldline\u2019s profit warning issued Friday is the third it has released this year, Reuters reported Friday. The announcement sent its shares to a record low that marked a 92% drop from their July 2021 high.\nDuring the search for a new CEO, Marc-Henri Desportes, Worldline\u2019s deputy CEO and head of merchant services, will serve as CEO for an interim period, according to the release.\nWorldline also reiterated its focus on executing its plan called Power24, which aims to transform the company to be more client-centric, innovative, efficient, and positioned for stronger future growth and margin improvement, per the release.\n\u201cPower24 and all our current major development initiatives will be pursued under the steer of Marc-Henri Desportes, whilst the next strategic plan of Worldline will be actively prepared to leverage all our remarkable assets for long-term development and strong value creation for all stakeholders,\u201d Wilfried Verstraete, chairman of Worldline\u2019s board of directors, said in the release.\nVerstraete said in the release that under Desportes\u2019 leadership, the company built \u201ca full pan-European footprint, a vast customer base\u201d and strategic partnerships with leading financial institutions.\nGrapinet said in the release: \u201cAs Worldline enters a new phase, I am fully confident that Marc-Henri Desportes will pursue to successfully execute Power24 to adapt to the current challenges. By leveraging all its assets and talents, I am convinced that Worldline has a very solid future ahead.\u201d\nWorldline said in February that it planned to cut 8% of its workforce to reduce costs and \u201csupport stronger future growth and cash generation.\u201d\nThe post Worldline Announces CEO Transition After Summer\u2019s \u2018Slow Trading Conditions\u2019 appeared first on PYMNTS.com.", "date_published": "2024-09-13T16:38:15-04:00", "date_modified": "2024-09-13T16:38:15-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2024/09/Worldline.png", "tags": [ "Earnings", "Gilles Grapinet", "News", "Personnel", "PYMNTS News", "Revenue", "Stocks", "What's Hot", "Worldline" ] }, { "id": "https://www.pymnts.com/?p=2099088", "url": "https://www.pymnts.com/personnel/2024/cellpoint-digital-appoints-payments-head-mark-patrick-chief-revenue-officer/", "title": "CellPoint Digital Appoints Payments Head Mark Patrick Chief Revenue Officer", "content_html": "CellPoint Digital appointed Mark Patrick, who had been its global head of payments since 2019, to be its chief revenue officer.
\nPatrick succeeds Greg Worch, who retired, the company said in a Wednesday (Sept. 11) press release.
\nIn his new role, Patrick will lead the company\u2019s growth and expansion in the commercial aviation, hospitality and overall travel industries, where demand for payment orchestration solutions like those offered by CellPoint Digital is surging, according to the release.
\n\u201cAs chief revenue officer, Mark oversees CellPoint Digital\u2019s revenue strategy and global business development teams as well as the development of a new account management function,\u201d CellPoint Digital CEO Kristian Gjerding said in the release. \u201cThis comes amidst growing demand from businesses seeking to streamline their digital payment capabilities while countering the major challenges they face with existing providers to deliver a seamless service.\u201d
\nBefore joining CellPoint Digital in 2019, Patrick served as chief operating officer at FinTech startup Intrapay, CEO at mobile commerce firm GoSwiff (now PaySwiff), and general manager and regional head of the Ingenico (formerly Global Connect) ePayments business in the Asia-Pacific region, per the release.
\n\u201cIt has been a career highlight to be a part of CellPoint Digital\u2019s growth story and to stand at the forefront of optimizing customers\u2019 path to purchase across digital channels,\u201d Patrick said in the release. \u201cThis business-critical issue will only grow in importance as consumers increasingly opt for alternative payment methods and demand friction-free payment experiences.\u201d
\nThe embedded finance opportunity rests at the intersection of increasing digitization and the corresponding behavioral expectations of end users, PYMNTS reported in December.
\n\u201cThere is a lot of success in the SMB market using [embedded finance] to satisfy their customers and present this as an innovation,\u201d Tom Randklev, global head of product at CellPoint Digital, told PYMNTS at the time in an interview. \u201cThe whole ecosystem is inherently managed, which creates efficiencies and a delightful customer experience.\u201d
\nIn January, CellPoint Digital and Virgin Atlantic formed a partnership to make transactions for travelers on the British air carrier seamless and more secure.
\nThe companies said CellPoint Digital\u2019s payment orchestration capabilities would provide Virgin Atlantic with reduced transaction costs, greater control over payment processes and acquirer relationships, and centralized management of its entire payment ecosystem.
\nThe post CellPoint Digital Appoints Payments Head Mark Patrick Chief Revenue Officer appeared first on PYMNTS.com.
\n", "content_text": "CellPoint Digital appointed Mark Patrick, who had been its global head of payments since 2019, to be its chief revenue officer.\nPatrick succeeds Greg Worch, who retired, the company said in a Wednesday (Sept. 11) press release.\nIn his new role, Patrick will lead the company\u2019s growth and expansion in the commercial aviation, hospitality and overall travel industries, where demand for payment orchestration solutions like those offered by CellPoint Digital is surging, according to the release.\n\u201cAs chief revenue officer, Mark oversees CellPoint Digital\u2019s revenue strategy and global business development teams as well as the development of a new account management function,\u201d CellPoint Digital CEO Kristian Gjerding said in the release. \u201cThis comes amidst growing demand from businesses seeking to streamline their digital payment capabilities while countering the major challenges they face with existing providers to deliver a seamless service.\u201d\nBefore joining CellPoint Digital in 2019, Patrick served as chief operating officer at FinTech startup Intrapay, CEO at mobile commerce firm GoSwiff (now PaySwiff), and general manager and regional head of the Ingenico (formerly Global Connect) ePayments business in the Asia-Pacific region, per the release.\n\u201cIt has been a career highlight to be a part of CellPoint Digital\u2019s growth story and to stand at the forefront of optimizing customers\u2019 path to purchase across digital channels,\u201d Patrick said in the release. \u201cThis business-critical issue will only grow in importance as consumers increasingly opt for alternative payment methods and demand friction-free payment experiences.\u201d\nThe embedded finance opportunity rests at the intersection of increasing digitization and the corresponding behavioral expectations of end users, PYMNTS reported in December.\n\u201cThere is a lot of success in the SMB market using [embedded finance] to satisfy their customers and present this as an innovation,\u201d Tom Randklev, global head of product at CellPoint Digital, told PYMNTS at the time in an interview. \u201cThe whole ecosystem is inherently managed, which creates efficiencies and a delightful customer experience.\u201d\nIn January, CellPoint Digital and Virgin Atlantic formed a partnership to make transactions for travelers on the British air carrier seamless and more secure.\nThe companies said CellPoint Digital\u2019s payment orchestration capabilities would provide Virgin Atlantic with reduced transaction costs, greater control over payment processes and acquirer relationships, and centralized management of its entire payment ecosystem.\nThe post CellPoint Digital Appoints Payments Head Mark Patrick Chief Revenue Officer appeared first on PYMNTS.com.", "date_published": "2024-09-13T15:36:42-04:00", "date_modified": "2024-09-13T17:33:39-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2024/09/Cellpoint-Digital-Mark-Patrick.png", "tags": [ "CellPoint Digital", "Digital Payments", "hospitality", "Mark Patrick", "News", "Personnel", "PYMNTS News", "travel", "What's Hot" ] }, { "id": "https://www.pymnts.com/?p=2097740", "url": "https://www.pymnts.com/personnel/2024/report-pwc-cuts-1800-jobs-amid-waning-advisory-demand/", "title": "PwC Plans to Cut1,800 Jobs Citing Changing Market Demand\u00a0", "content_html": "Accounting giant PricewaterhouseCoopers (PwC) is reportedly cutting around 1,800 jobs.
\nThe layoffs, its first in 15 years, will be accompanied by a restructuring of PwC\u2019s technology group amid slowing demand for its advisory services, the Wall Street Journal reported Wednesday (Sept. 11), citing sources familiar with the matter.
\nThose sources say PwC \u2014 one of the \u201cBig Four\u201d accounting operations \u2014 is in the process of cutting staff in the U.S. and elsewhere, chiefly in its U.S. advisory and products and technology operations. The cuts, about half of which are offshore, include associates as well as managing directors. It also includes business services, audit and tax divisions, the sources said.
\nPwC intends to notify those affected, roughly 2.5% of the workforce at the U.S. unit, in October, the sources added. A staff memo obtained by the WSJ outlined the layoff/restructuring plans.
\n\u201cThere will be an element of resource action that will impact a relatively small proportion of our people, something that is never easy,\u201d Paul Griggs, PwC\u2019s U.S. leader, said in the memo, adding that the company hopes to restructure its products and technology teams to embed them in individual business lines and streamline processes in business services.
\nWhen reached for comment by PYMNTS, PwC U.S. Chief Operating Officer Tim Grady said the move was necessary.
\n\u201cTo remain competitive and position our business for the future, we are continuing to transform areas of our firm and are aligning our workforce to better support our strategy, including attracting and moving the right talent and skill sets to the areas where we need them most,\u201d Grady said in an emailed statement. \u201cRight now, we are focused on running our business well and adapting to meet the needs of our clients and the rapidly changing market.\u201d
\nThe WSJ noted that PwC has positioned itself as an outlier among the Big Four over the past two years by not cutting its U.S. workforce. The other three firms \u2013 EY, KPMG and Deloitte \u2013 let go of thousands of U.S. workers during that period.
\nThe layoffs come as PwC is facing other pressures. For example, the U.S. Public Company Accounting Oversight Board (PCAOB) earlier this week issued new quality control standards for accounting firms.
\nThose standards were approved by the U.S. Securities and Exchange Commission (SEC) in a 3-2 vote, in the face of objections from the likes of the U.S. Chamber of Commerce and firms including EY and PwC.
\nThe standards require accounting firms that audit more than 100 public companies to set up an oversight board that includes at least one independent outsider to help oversee audit quality.
\n\u201cAn auditing firm is ultimately a professional services firm, and it needs to ensure the quality of the services it provides,\u201d said SEC Chair Gary Gensler. \u201cI am pleased to approve this standard because it will improve the quality control systems of auditors, and thus better protect investors.\u201d
\nThe post PwC Plans to Cut1,800 Jobs Citing Changing Market Demand\u00a0 appeared first on PYMNTS.com.
\n", "content_text": "Accounting giant PricewaterhouseCoopers (PwC) is reportedly cutting around 1,800 jobs.\nThe layoffs, its first in 15 years, will be accompanied by a restructuring of PwC\u2019s technology group amid slowing demand for its advisory services, the Wall Street Journal reported Wednesday (Sept. 11), citing sources familiar with the matter.\nThose sources say PwC \u2014 one of the \u201cBig Four\u201d accounting operations \u2014 is in the process of cutting staff in the U.S. and elsewhere, chiefly in its U.S. advisory and products and technology operations. The cuts, about half of which are offshore, include associates as well as managing directors. It also includes business services, audit and tax divisions, the sources said.\nPwC intends to notify those affected, roughly 2.5% of the workforce at the U.S. unit, in October, the sources added. A staff memo obtained by the WSJ outlined the layoff/restructuring plans.\n\u201cThere will be an element of resource action that will impact a relatively small proportion of our people, something that is never easy,\u201d Paul Griggs, PwC\u2019s U.S. leader, said in the memo, adding that the company hopes to restructure its products and technology teams to embed them in individual business lines and streamline processes in business services.\nWhen reached for comment by PYMNTS, PwC U.S. Chief Operating Officer Tim Grady said the move was necessary.\n\u201cTo remain competitive and position our business for the future, we are continuing to transform areas of our firm and are aligning our workforce to better support our strategy, including attracting and moving the right talent and skill sets to the areas where we need them most,\u201d Grady said in an emailed statement. \u201cRight now, we are focused on running our business well and adapting to meet the needs of our clients and the rapidly changing market.\u201d \nThe WSJ noted that PwC has positioned itself as an outlier among the Big Four over the past two years by not cutting its U.S. workforce. The other three firms \u2013 EY, KPMG and Deloitte \u2013 let go of thousands of U.S. workers during that period.\nThe layoffs come as PwC is facing other pressures. For example, the U.S. Public Company Accounting Oversight Board (PCAOB) earlier this week issued new quality control standards for accounting firms.\nThose standards were approved by the U.S. Securities and Exchange Commission (SEC) in a 3-2 vote, in the face of objections from the likes of the U.S. Chamber of Commerce and firms including EY and PwC.\nThe standards require accounting firms that audit more than 100 public companies to set up an oversight board that includes at least one independent outsider to help oversee audit quality.\n\u201cAn auditing firm is ultimately a professional services firm, and it needs to ensure the quality of the services it provides,\u201d said SEC Chair Gary Gensler. \u201cI am pleased to approve this standard because it will improve the quality control systems of auditors, and thus better protect investors.\u201d\nThe post PwC Plans to Cut1,800 Jobs Citing Changing Market Demand\u00a0 appeared first on PYMNTS.com.", "date_published": "2024-09-11T16:34:57-04:00", "date_modified": "2024-09-11T17:50:01-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2024/09/PWC-layoffs.jpg", "tags": [ "accounting", "Big Four accounting firms", "economy", "Job Cuts", "jobs", "Layoffs", "News", "PricewaterhouseCoopers", "PWC", "PYMNTS News", "What's Hot", "Personnel" ] }, { "id": "https://www.pymnts.com/?p=2096495", "url": "https://www.pymnts.com/personnel/2024/bill-names-ex-visa-executive-mary-kay-bowman-head-of-payments-business/", "title": "BILL Names Ex-Visa Executive Mary Kay Bowman Head of Payments Business", "content_html": "BILL has named former\u00a0Visa executive\u00a0Mary Kay Bowman as its executive vice president, general manager of payments and financial services.
\nBowman will oversee the payments and financial services business of the financial operations platform for small- to medium-sized businesses (SMBs) and will report directly to BILL CEO and Founder Ren\u00e9 Lacerte, the company said in a Monday (Sept. 9)\u00a0press release.
\n![\"\"](\"https://www.pymnts.com/wp-content/uploads/2024/09/Bowman-Bill-head-of-payments-1.png\")
\u201cThe market opportunity we are pursuing is immense, and there couldn\u2019t be a better time to bring the kind of deep leadership expertise Mary Kay has in payments and financial services,\u201d Lacerte said in the release. \u201cWe\u2019re driving an ambitious innovation agenda to enrich existing payment options, deliver new payment options for our SMB\u00a0and accountant customers, and capitalize on our potential as the essential financial operations platform for SMBs.\u201d
Bowman was most recently head of global buyer, seller and platform product and solutions at Visa, according to the release. In that role, she led the strategy for acceptance products and solutions.
\nBefore that, Bowman oversaw the engineering, product\u00a0and operations teams at\u00a0Square; oversaw global payment acceptance, issuance\u00a0and gift card programs at\u00a0Amazon; and led global payments for\u00a0Digital River, per the release.
\n\u201cI\u2019ve dedicated my career to bringing great technology solutions to SMBs,\u201d Bowman said in the release. \u201cInnovation starts with customers, and I\u2019m passionate about creating value for SMBs by delivering industry-leading payments capabilities for them and their trusted accounting advisors and banking partners.\u201d
\nBILL has been expanding and refining its\u00a0financial operations platform to meet the needs of SMBs, Lacerte said in August during the company\u2019s quarterly earnings call.
\nDuring the past fiscal year, the company launched its\u00a0integrated platform that incorporates its accounts payable (AP) and spend and expense management solutions; added a\u00a0data and analytics layer\u00a0to the platform to give businesses a comprehensive view of their cash flow; and leveraged artificial intelligence throughout the platform to simplify and personalize the user experience it provides, Lacerte said during the call.
\n\u201cWe turn the financial back-office complexity that drains SMBs of time and money into simple automated tools that provide visibility and control,\u201d Lacerte said. \u201cWe empower SMBs to run better businesses.\u201d
\nFor all PYMNTS B2B coverage, subscribe to the daily B2B Newsletter.
\nThe post BILL Names Ex-Visa Executive Mary Kay Bowman Head of Payments Business appeared first on PYMNTS.com.
\n", "content_text": "BILL has named former\u00a0Visa executive\u00a0Mary Kay Bowman as its executive vice president, general manager of payments and financial services.\nBowman will oversee the payments and financial services business of the financial operations platform for small- to medium-sized businesses (SMBs) and will report directly to BILL CEO and Founder Ren\u00e9 Lacerte, the company said in a Monday (Sept. 9)\u00a0press release.\n\u201cThe market opportunity we are pursuing is immense, and there couldn\u2019t be a better time to bring the kind of deep leadership expertise Mary Kay has in payments and financial services,\u201d Lacerte said in the release. \u201cWe\u2019re driving an ambitious innovation agenda to enrich existing payment options, deliver new payment options for our SMB\u00a0and accountant customers, and capitalize on our potential as the essential financial operations platform for SMBs.\u201d\nBowman was most recently head of global buyer, seller and platform product and solutions at Visa, according to the release. In that role, she led the strategy for acceptance products and solutions.\nBefore that, Bowman oversaw the engineering, product\u00a0and operations teams at\u00a0Square; oversaw global payment acceptance, issuance\u00a0and gift card programs at\u00a0Amazon; and led global payments for\u00a0Digital River, per the release.\n\u201cI\u2019ve dedicated my career to bringing great technology solutions to SMBs,\u201d Bowman said in the release. \u201cInnovation starts with customers, and I\u2019m passionate about creating value for SMBs by delivering industry-leading payments capabilities for them and their trusted accounting advisors and banking partners.\u201d\nBILL has been expanding and refining its\u00a0financial operations platform to meet the needs of SMBs, Lacerte said in August during the company\u2019s quarterly earnings call.\nDuring the past fiscal year, the company launched its\u00a0integrated platform that incorporates its accounts payable (AP) and spend and expense management solutions; added a\u00a0data and analytics layer\u00a0to the platform to give businesses a comprehensive view of their cash flow; and leveraged artificial intelligence throughout the platform to simplify and personalize the user experience it provides, Lacerte said during the call.\n\u201cWe turn the financial back-office complexity that drains SMBs of time and money into simple automated tools that provide visibility and control,\u201d Lacerte said. \u201cWe empower SMBs to run better businesses.\u201d\nFor all PYMNTS B2B coverage, subscribe to the daily B2B Newsletter.\nThe post BILL Names Ex-Visa Executive Mary Kay Bowman Head of Payments Business appeared first on PYMNTS.com.", "date_published": "2024-09-09T19:03:35-04:00", "date_modified": "2024-09-10T10:41:05-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2024/09/Bill-platform.png", "tags": [ "B2B", "bill", "executives", "Mary Kay Bowman", "News", "Personnel", "PYMNTS News", "Visa", "What's Hot", "What's Hot In B2B" ] }, { "id": "https://www.pymnts.com/?p=2079632", "url": "https://www.pymnts.com/personnel/2024/terrapay-appoints-visa-veteran-ralph-koker-global-head-of-products/", "title": "TerraPay Appoints Visa Veteran Ralph Koker as Global Head of Products", "content_html": "Global money movement company TerraPay appointed Visa veteran Ralph Koker as global head of products.
\nIn his new role, Koker will refine TerraPay\u2019s product strategy, spearhead its go-to-market initiatives, and help the company scale its service offerings and strengthen its client relationships on a global scale, the company said in a Tuesday (Sept. 3) press release.
\n\u201cHis strategic insights and deep-rooted experience in product innovation will prove to be vital as we continue to elevate our offerings and deliver unparalleled value to our customers,\u201d Ani Sane, co-founder and chief business officer at TerraPay, said in the release.
\nKoker was most recently a member of the global money movement team at Visa, a company he joined in 2011. In that role, he focused on defining strategic growth initiatives and enhancing customer services.
\nBefore joining Visa, Koker was with FIS, where he held pivotal roles in Manila, Hong Kong and Bangkok, per the release.
\n\u201cI am honored to join TerraPay during this transformative phase,\u201d Koker said in the release. \u201cThe opportunity to contribute to TerraPay\u2019s mission of digitizing global money movement resonates deeply with me, and I look forward to driving innovation and growth alongside this talented team.\u201d
\nKoker joins TerraPay at a time when the company has been enhancing its capabilities and expanding its market.
\nOn Aug. 20, the company said it teamed up with five digital wallet operators to facilitate cross-border payments and money movement. The five wallet operators participating in the new Wallet Interoperability Council \u2014 Airtel, bKash, MPESA, Nequi and Sama Money \u2014 will use TerraPay\u2019s technology to facilitate the expansion of their wallets from local payment solutions to global ones.
\nIn July, TerraPay partnered with Swift to enable financial institutions to send money to mobile wallets via the Swift system. This arrangement applies to 2.1 billion mobile wallets worldwide and is designed to enhance the cross-border payments experience for both businesses and consumers.
\nThe first half of 2024 has been marked by technological advancements and strategic initiatives aimed at reducing transaction costs as a key way to spur greater interoperability and financial inclusion, TerraPay Chief Operating Officer Ram Sundaram told PYMNTS in an interview posted in July.
\n\u201cThere are two ways you can increase revenue: either by charging a customer more or by reducing your costs,\u201d Sundaram said. \u201cAnd the use of technology in reducing costs is something that is easier to do than trying to charge the customer more.\u201d
\nThe post TerraPay Appoints Visa Veteran Ralph Koker as Global Head of Products appeared first on PYMNTS.com.
\n", "content_text": "Global money movement company TerraPay appointed Visa veteran Ralph Koker as global head of products.\nIn his new role, Koker will refine TerraPay\u2019s product strategy, spearhead its go-to-market initiatives, and help the company scale its service offerings and strengthen its client relationships on a global scale, the company said in a Tuesday (Sept. 3) press release.\n\u201cHis strategic insights and deep-rooted experience in product innovation will prove to be vital as we continue to elevate our offerings and deliver unparalleled value to our customers,\u201d Ani Sane, co-founder and chief business officer at TerraPay, said in the release.\nKoker was most recently a member of the global money movement team at Visa, a company he joined in 2011. In that role, he focused on defining strategic growth initiatives and enhancing customer services.\nBefore joining Visa, Koker was with FIS, where he held pivotal roles in Manila, Hong Kong and Bangkok, per the release.\n\u201cI am honored to join TerraPay during this transformative phase,\u201d Koker said in the release. \u201cThe opportunity to contribute to TerraPay\u2019s mission of digitizing global money movement resonates deeply with me, and I look forward to driving innovation and growth alongside this talented team.\u201d\nKoker joins TerraPay at a time when the company has been enhancing its capabilities and expanding its market.\nOn Aug. 20, the company said it teamed up with five digital wallet operators to facilitate cross-border payments and money movement. The five wallet operators participating in the new Wallet Interoperability Council \u2014 Airtel, bKash, MPESA, Nequi and Sama Money \u2014 will use TerraPay\u2019s technology to facilitate the expansion of their wallets from local payment solutions to global ones.\nIn July, TerraPay partnered with Swift to enable financial institutions to send money to mobile wallets via the Swift system. This arrangement applies to 2.1 billion mobile wallets worldwide and is designed to enhance the cross-border payments experience for both businesses and consumers.\nThe first half of 2024 has been marked by technological advancements and strategic initiatives aimed at reducing transaction costs as a key way to spur greater interoperability and financial inclusion, TerraPay Chief Operating Officer Ram Sundaram told PYMNTS in an interview posted in July.\n\u201cThere are two ways you can increase revenue: either by charging a customer more or by reducing your costs,\u201d Sundaram said. \u201cAnd the use of technology in reducing costs is something that is easier to do than trying to charge the customer more.\u201d\nThe post TerraPay Appoints Visa Veteran Ralph Koker as Global Head of Products appeared first on PYMNTS.com.", "date_published": "2024-09-03T10:29:11-04:00", "date_modified": "2024-09-03T10:29:11-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2024/04/TerraPay.jpg", "tags": [ "cross-border payments", "Global Payments", "News", "Personnel", "PYMNTS News", "Ralph Koker", "TerraPay", "Visa", "What's Hot" ] } ] }