Mastercard has named Michelle Meyer as its chief economist and head of its think tank. In running the Mastercard Economics Institute, Meyer and her team will be responsible for delivering economic, financial policy and market thought leadership, the company said in a news release Wednesday (Nov. 29). “The Mastercard Economics...
In the search for new AI talent, employment recruiters are reportedly targeting big banks. The last year has seen banks such as Goldman Sachs and Bank of America lose dozens of artificial intelligence (AI) experts to rivals like Citigroup and Morgan Stanley, Bloomberg News reported Tuesday (Nov. 28), citing data from the consultancy...
ByteDance is reportedly eliminating hundreds of jobs as it scales back its gaming unit, Nuverse. The Chinese tech giant, which also owns TikTok, has no plans to eliminate the division but will cut positions, CNBC reported Monday (Nov. 27), citing an unnamed source. “We regularly...
Marqeta’s managing director is stepping down after 15 months with the card-issuing company. Jeff Parker, who is also a senior vice president at the firm, announced his departure in a recent LinkedIn post. “After an action packed, fun filled 15 months, fueled by amazing growth my time...
Plaid has named former Adyen executive Brian Dammeir to oversee its European operations. Speaking to CNBC Monday (Nov. 20), he said the thing that excited him most about joining the digital finance firm was “the opportunity around open finance.” “When we think about Europe, it’s about how can we be more...
The Federal Reserve Bank of Boston has announced the promotions of two FedNow® Service executives to senior leadership positions within the organization. Nick Stanescu has been named executive vice president and chief FedNow executive, while Daniel Anthony has been appointed as executive vice president and will continue to serve as FedNow Service’s...
PayPal has named three new executives as it divides its business into three new units. The payments giant on Wednesday (Nov. 15) announced the appointment of Isabel Cruz as chief people officer, Michelle Gill as executive vice president/general manager of its new small business and financial services group, and Diego Scotti as executive...
Snap, the social messaging company, reportedly conducted a small round of layoffs as part of a reorganization aimed at streamlining its operations. Nearly 20 employees holding product management titles were laid off, CNBC reported Wednesday (Nov. 8), citing a statement from Snap. The company said that these...
Tassat appointed its chief operating officer, Zain Saidin, as its new CEO. Saidin, who served as the company’s COO since February 2023, will now lead the technology company in its long-term growth strategy, Tassat said in a Wednesday (Nov. 8) press release. He succeeds Kevin...
