PayPal has appointed Srini Venkatesan, the former head of Walmart’s U.S. Omni Platforms and Tech organization, as chief technology officer (CTO), effective Monday (June 24). Venkatesan will succeed PayPal’s current CTO, Archie Deskus, who has decided to leave PayPal, the company said in a Thursday...
Which industry’s job market will be most impacted by artificial intelligence (AI)? According to a new report by Citi, a little more than half — 54% — of jobs in the banking sector have a higher potential for automation, while another 12% could be augmented...
Embedded lending platform Momnt has a new chief executive officer. Chris Bracken, who has served as the company’s revenue lead since 2020, has been promoted to the CEO position, Momnt announced in a news release Monday (June 17). “Chris’s deep understanding of the consumer lending landscape and...
WEX has appointed Jason Hancock as managing director of its international payments division. Hancock has been with the global commerce platform since 2021, serving as senior director strategy, WEX Travel, and managing director, Travel & Corporate Payments, WEX International, according to his LinkedIn profile. In his...
Wells Fargo has reportedly fired more than a dozen workers accused of faking work. These employees, all part of the banking giant’s wealth/investment management arm, were “discharged after review of allegations involving simulation of keyboard activity creating impression of active work,” Bloomberg News reported Thursday...
Samsung is reportedly hiring a former Apple executive to run its new artificial intelligence research center. Heading the operation will be Apple veteran Murat Akbacak, who was “responsible for defining and executing the strategy for Siri, Apple’s personal digital assistant, focusing on personalization, contextualization and...
British payments company Checkout.com has a new chief operating officer. Jenny Hadlow, who had been heading the company’s revenue operations team, will be promoted to the COO position, chief executive Guillaume Pousaz said in an announcement published Wednesday (June 12). “Jenny has a unique perspective...
MoneyGram International has appointed former Driven Brands chief financial officer (CFO) Gary W. Ferrera as its CFO. Ferrera succeeds Larry Angelilli, who has retired after more than 12 years with MoneyGram, the company said in a Monday (June 10) press release. In his new role,...
OpenAI has named a new chief financial officer (CFO) and a new chief product officer (CPO) as it prepares for its “next phase of growth.” Sarah Friar, former CEO of Nextdoor, has joined OpenAI as CFO, and Kevin Weil, former president, product and business at Planet Labs, has joined...
