Banking software firm Tenemos is looking for a new CEO after reporting declining profits. The Swiss company said in a Monday (Jan. 16) news release that longtime chief executive Max Chuard would step down after 20 years with Tenemos. Chuard, who has also served as...
LendingClub is cutting 225 jobs as demand for loans falls due to rising interest rates. The cuts — which amount to 14% of the digital marketplace bank’s workforce — come as a result of the “historic pace” of rate hikes made by the Federal Reserve,...
Supply chain tech firm Flexport is laying off 20% of its global workforce. Flexport Co-CEOs Dave Clark and Ryan Petersen said in a note to employees that the company is not immune to the macroeconomic downturn and that it must make hard decisions to prepare...
Billtrust has announced two new executive appointments about a month after being acquired. The provider of B2B order-to-cash software has named Grant Johnson chief marketing officer (CMO) and Robert Purcell chief financial officer (CFO), according to a Tuesday (Jan. 10) press release. The appointments follow...
Ant Group’s founder is set to give up control of the Chinese FinTech. Billionaire Jack Ma will no longer hold majority voting rights in the company, Ant Group said in a statement Saturday (Jan. 7). As PYMNTS noted last year when reports of Ma’s possible...
The head of Goldman Sachs’ consumer banking business is stepping down. Swati Bhatia, a former PayPal and Stripe executive who joined Goldman in February 2021, is set to retire, according to an internal memo from the bank seen by PYMNTS Wednesday (Jan. 4). Her departure...
The Clearing House (TCH) has a new president and CEO. The payments network announced Tuesday (Jan. 3) that David Watson would take up that position at the start of February. He will replace current President and CEO Jim Aramanda, who is retiring after 15 years...
Swift has appointed Mastercard veteran Stephen Grainger to oversee operations in the Americas and U.K. Grainger had worked for Swift in senior business development roles, the financial transactions facilitator said in a news release sent to PYMNTS Tuesday (Jan. 3). His LinkedIn profile shows Grainger...
Republic First Bancorp has appointed a new CEO and chief financial officer (CFO). The holding company for Republic First Bank d/b/a Republic Bank said in a Thursday (Dec. 22) press release that Thomas X. Geisel has been appointed CEO, president and a member of the...
