A community bank and a credit union each appointed chief technology officers this month. Truist, the eight-largest bank in the U.S., grabbed a chief information officer from Wells Fargo. On the fintech front, a global payments company found a new chief digital officer after its first, hired a year ago, announced his departure.
Here are the six biggest new hires of the month in banking, payments and fintech:
Sen. Elizabeth Warren, D-Mass., and Rep. Maxine Waters, D-Calif., said in a letter to the American Bankers Association and the Chamber of Commerce that the banking industry gets a "free pass" in Community Reinvestment Act examinations.
Tim Ryan, who joined the megabank in June, will work with COO Anand Selva to oversee enhancements to Citigroup's data integrity systems, according to a memo.
St. Mary's Bank in New Hampshire tries to serve members as it has for 116 years, while dealing with today's cybersecurity and fraud concerns.
Independence Bank of Kentucky said 14 customers had reported receiving the bills, which included text such as "for motion picture purposes."
The company, a pioneer in AI-based lending, says improvements to its models and long-term commitments from the banks it works with will bring about positive returns in the third and fourth quarters.
As member demand for installment payments increases, resource-strapped institutions are looking for outside help. Fintechs offer the service.
