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Facebook's Libra Hires HSBC Veteran As Managing Director

PYMNTS

The Libra Association has named James Emmett as managing director of Libra Networks, the association’s operating company subsidiary. I am delighted to be joining Libra Networks with a mission to enhance financial innovation,” said Emmett. Libra Association, launched in June 2019, describes itself as an “independent member organization.”

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The Four Pillars of Smarter Bank Leadership

Gonzobanker

Financial institutions standing in 2030 will have completed a significant and gut-wrenching transformation of their leadership talent. Think about the quality of candidates that top tech companies, Wall Street investment banks and Big 4 management consulting firms recruit. And, quite frankly, they’re struggling.

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Bahrain Development Bank Selects TCS BaNCS Global Banking Platform to Speed Up Innovation

Bobsguide

BDB offers conventional and Islamic business finance services, venture capital and investment advisory to small and medium enterprises across multiple industries in the Kingdom of Bahrain. It will interface with technology offerings from TCS’ partners for CRM, sales, risk management and other enterprise functions.

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The Banking Crisis of 2023 is Over — Time to Get Back to the Crisis of the ’20s

Gonzobanker

The Credit Card Competition Act of 2023 could negatively impact banks’ ability to generate interchange fees and reduce the amount of capital they issue, however. The (mid-size) bank IT department has evolved from being a builder to a vendor management team and will evolve further in this decade to become an integration team.

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Want To Build A 630M, 10 Country Financial Services Ecosystem? Here’s What Grab Did

PYMNTS

Ankur Mehrotra, managing director and head of financial services for Grab , still gets emotional when talking about the drivers and their dreams of owning cars. Such dreams — dreams common to all of humanity — can fuel innovation. Not only that, but lessons about how and why to build one emerge from Grab’s experiences.

Regional 196
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How Saudi Arabia Is Hedging Against An Oil-Less Future

CB Insights

These recent investments in EVs and renewables are part of a broader economic diversification strategy called Saudi Vision 2030, pioneered by Crown Prince Mohammed bin Salman, in an attempt to lessen the kingdom’s dependence on oil. Click to enlarge. Orange lines represent acquisitions. Green lines represent investments. .

Arizona 64
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Executives Brace For AI To Fuel Gig Economy Boom

PYMNTS

It’s a tale as old as technological innovation: Humans fear that robots will one day overtake their jobs. Nearly 70 percent predict that one day, the word “workforce” will come to mean both human and robotic capital. The Gig Economy Impact.

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