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Mastercard Selects New President For European Operations

PYMNTS

He will be tasked with developing strategy, direction and comprehensive success of Mastercard’s operations across 53 countries in Europe. Barnett will join Mastercard’s Management Committee on June 1 and will report to Gilberto Caldart, president of international for Mastercard.

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eBay Seeks Buyer For Korean Division

PYMNTS

A newspaper in the region, The Korea Economic Daily, reported that eBay wants to sell 100 percent of its stake in the company, called eBay Korea. Lately, more competitors have emerged in the space, including the SoftBank-backed startup Coupang, which was founded in 2010 and commands the biggest share of the eCommerce market.

Regional 140
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Innovative Ecosystem Draws FinTech Firms To Toronto

PYMNTS

Our team has torn apart the small business banking playbook and created our own digital banking platform and operating model from the ground up.”. NorthOne CEO Eytan Bensoussan told PYMNTS in an interview, “Our mission is to eliminate financial admin from the lives of small business owners.

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Digitization Could Halt Corporate Banks’ Shrinking Profits, Analysts Say

PYMNTS

The trend is even worse among Western European FIs, with shrinking profits prevalent among 57 percent of institutions in this region, reports said. In 2016, corporate banking made up 38 percent of overall operating income across 20 of the world’s largest banks,” said Celent Senior Analyst Patricia Hines in a statement at the time.

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What Iran Can – And Won’t – Do In A Cyberwar

PYMNTS

Visner of the National Cybersecurity Federally Funded Research and Development Center (FFRDC) — managed by nonprofit MITRE , in support of the NIST National Cybersecurity Center of Excellence — said it’s important to put the cyberthreats, and Iran’s willingness to deploy them, in context. cloaked well enough so that the U.S.

National 145
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20 Banking Realities for 2020

Gonzobanker

In the years 2010-2020, new tech adoption transformed customer expectations. New regional banks will struggle with operational maturity and customer experience. While the whizzes in finance and credit can scale fast, the worlds of operations, information technology (IT) and digital cannot.

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LendingClub Settles With SEC, DOJ

PYMNTS

By using funds managed by LCA to benefit its parent company, LCA and Laplanche failed to do so.”. We have full confidence in our new management team and we are a better company today.”. In 2010, LendingClub added to its war chest with a $24.5 The DOJ Finding.

Lending 135