DEUTSCHE BANK RE-ENTERS PAYMENTS SPACE IN JOIN VENTURE WITH FISERV
KARTHIK SUBRAMANIAN, 22 June 2021
The bank had exited the business around a decade back by selling it to EVO Payments as it had felt that the business was no longer viable and was highly risky as it was used for gambling and financial crime. But as we have been saying many times over the last couple of months, the payments business is back in vogue and it is expected to grow in a very large manner all around the world in the coming months.
The main driver behind this change in the digital payments business is the pandemic that has been raging around the world over the last couple of years. This has made people stay indoors and even those who are not used to making payments digitally have been forced to do so during this period. Continue reading “Article: DEUTSCHE BANK RE-ENTERS PAYMENTS SPACE IN JOIN VENTURE WITH FISERV”
Shares of companies controlled by billionaire Gautam Adani recouped a part their day’s losses after refuting a local report that said accounts of three Mauritius-based funds that own the group’s stocks were frozen.
The company says that it would be using this investment to improve the consumer experience, and also work on additional features and upgrades to the existing software as well as expansion globally.
Umesh Subramanian is the Chief Technology Officer at Citadel. Prior to joining Citadel, he spent 13 years at Goldman Sachs, most recently serving as a Partner and Co-Head of the Technology Division. While at Goldman Sachs, Subramanian was a member of the Board of Directors of the Depository Trust and Clearing Corporation. Before that, Subramanian worked at Morgan Stanley. Subramanian serves on the NYU Stern Tech MBA Advisory Board. He received a BTech in Mechanical and Industrial Engineering from the Indian Institute of Technology, Madras, and an MS in Industrial Engineering and Operations Research from the University of Illinois at Urbana-Champaign.