Capital One Bank has appointed Nancy Pierce as senior vice president (SVP) and manager of the bank’s treasury management, product management group. Capital One said that the new role would see Pierce lead all aspects of product management and development function for the bank’s treasury services, including industry and segment strategies and product consulting initiatives.
Pierce was previously a product executive with HSBC Europe, with responsibility for product management. Prior to HSBC, she served as director of sales services for SWIFT Americas, facilitating end-to-end sales and implementation, while launching a professional services client consulting practice. She also held several leadership roles with JP Morgan Chase, including product executive for global receivables, treasury services programme manager, business executive for global cash clearing and technology, and operations executive for global trade finance.
Pierce has been active in many industry organisations, having served on committees at The Clearing House, The International Financial Services Association (IFSA) and the American Bankers Association (ABA). Most recently she was a board member of the Clearing House Automated Payment System (CHAPS) in the UK, and served on the renminbi (RMB) expert advisory group of the City of London Corporation.
The top five sectors Asian fintech investors are interested in are data analytics, blockchain, lending, payments and regtech, according to Gary Hwa, EY regional managing partner.
On the third day of the Singapore Fintech Festival conference, there was a focus on specific applications of fintech innovation. One was trade finance, which is clearly is ripe for a revolution.
Kicking off day two of the Singapore Fintech Festival, Deloitte Chairman David Cruikshank said that fintech is significant for three reasons. First, customer expectations of services are higher than ever. Second, barriers to entry are lower than before. And finally, financial institutions (FIs) face a threat of what a competitor might do.
The EU and US’ shift in accounting standards may bring balance sheet losses and increase credit risk, according to James Elder, director of risk services at Standard & Poor’s (S&P) Global.