Collaboration between Western Union and PSI-Pay
The recent partnership between Western Union and PSI-Pay is a timely collaboration because customers no longer want to physically visit their financial branches but instead want to conveniently complete online transactions from home. This is made possible by the rapid and constant changes in technology and the fact that people want to access their funds regularly. Western Union is a significant financial institution in the US, and this partnership will give account holders more options on what to do with their money.
Western Union was established in 1851. Two decades after it was founded, it started offering wire transfer services and has served the United States financial market since then. The wire transfer services are completed in around six days and are therefore being replaced by services such as Xoom and PayPal because they take a shorter time. The wire transfer services had been prevalent in the United States until the invention of satellite-based and wireless technologies in the mid- 1970’s.
Western Union was able to stay in the industry for all those years because it kept on making innovations to cope with changing trends in technology. A good example is that the company was the first to send photographs through the wire technology successfully. In its attempts to keep abreast with changing technology, the sailing has not been all smooth as the original company faced bankruptcy in 1994.
Despite the challenges that it has faced over the years, Western Union is once again expected to shake the industry after the collaboration with PSI-Pay and ecoPayz. The partnership with PSI-Pay means that customers can gain access to their money anytime and anywhere in the world securely and conveniently through the banks partnering with Western Union. One significant result of this collaboration is that those with PSI-Pay accounts can use local bans anywhere in the world to send money, withdraw money and enjoy other banking services. Apart from money transfer, Western Union is also focused on building relationships with partners and networking globally. It is such networks that have to the collaboration with PSI-Pay.
Mike Bagguley began his career by obtaining a degree in mathematics from the University of Warwick. His decision to go into the financial services was based on an inner interest towards the type of company structures that would allow him to one day become a COO for an experienced company. Mike Bagguley is now the acting COO for Barclays. As far as companies go you cannot get more experienced than Barclays. It has been around for what seems like centuries. In fact, they can trace their heritage all the way back to 1690 when their original founders began trading as goldsmiths within their local community. This was the first taste than anyone had in the financial community and it is considered one of the birthplaces for such things. Mike Bagguley now occupies a very coveted spot because of the exceptional prowess he has shown within his field.
The reason Mike Bagguley was elected his position is that Barclays has gone through a bit of a personnel change as of late. “Barclays set to skip replacing King as head of IB”, which can be found on Mike Bagguley’s Crunch Base profile, highlights some of the changes that are being made after the well-known CEO Tom King decided to step down from his position as CEO of the company. While he was a leader of the company with Jes Stanley his departure did leave a little bit of a vacuum. In order to facilitate that change in leadership Barclays decided to add more layers of executives into the framework of the company. The COO position for Mike Bagguley is an attempt to facilitate better structures of management.
Mike Bagguley has also proven that he will be an exceptional member of the team through his previous business practices in his roles at Barclays and other companies. He has been given a chance to display some of the leadership qualities that had set him apart from his competitors for the role. He will implement new plans to help facilitate more profitable yields for the company and hopefully help them trim away useless spending practices in the future.
Bradesco’s has made public plans to implement lots of changes to the Board of Directors starting in March 2018. Luiz Carlos Trabuco Cappi, in an interview shared explicit details on what we should expect in the next coming days leading to the AGO meeting scheduled for March 12th 2018.
The Central Bank requires the name of the new president be shared 30 days before the AGO meeting. Luiz Carlos Trabuco Cappi is the current president and will be replaced by the new appointed president Octavio de Lazari Junior.
Luiz Carlos Trabuco Cappi has been on the Board of Directors since 2003, and was the 4th president of Bradesco. Luiz Carlos Trabuco Cappi has been a part of the Bradesco family for 40 years now, dating back to when he began as a bank clerk back in Marilia in 1969. Since then Luiz Carlos Trabuco Cappi has worked in a number of capacities, gaining immeasurable experience on all aspects of the banking industry. Luiz Carlos Trabuco Cappi has lead the banking giant on a long and impressive track of success stories through the years. Luiz Carlos Trabuco Cappi did confirm the new president will be Octavio de Lazari Junior. It was revealed by Luiz Carlos Trabuco Cappi, of the seven vice presidents considered for the prudence, Octavio de Lazari Junior was not welcomed unanimously.
Read more on bradescori.com.br
Octavio de Lazari Junior has the full confidence of the board to be the best candidate for the bank. Octavio de Lazari Junior started with Bradesco back in 1978, quickly became an Agency Manager. In 2010 Octavio de Lazari Junior was promoted to Department Director of Loans and Financing. Two years later in 2012 Octavio de Lazari Junior was appointed to Board of Directors, he became the Vice Presdient and Chief Executive Officer of Bradesco Seguros in 2017. Octavio de Lazari Junior has a Graduates Degree from the Faculty of Economics and Administrative Sciences of Osasco and a specialization in Financial Strategies and Marketing from Fundacao Instituto de Administracao. Octavio de Lazari Junior will be officially appointed during the March 12th meeting of the Ordinary General Meeting (AGO).
Luiz Carlos Trabuco Cappi also discussed the recent retirement announcement of Lazaro Brandao. Lazaro Brandao has been with Bradesco for 75 years, and a council member for 27 years. The 91 year old economic strategist, Lazaro Brandao resignation was expected, just a little ahead of schedule. Bradesco recently acquired banking giant HSBC, Lazaro Brandao extended the maximum age restriction of the president from 65 years to 67 years, to allow more time for the company to minimize possible “hick ups” during this transitional periods. Lazaro Brandao 75 year career has added invaluable experience to the company and played key roles in many of Bradesco’s past success.
Carlos Alberto Rodrigues Guilherme also detailed changes in the vice presidency at Bradesco. Carlos Alberto Rodrigues Guilherme will be taking over as the Vice President of the council. Carlos Alberto Rodrigues Guilherme has been working for Bradesco since he only 13 years of age.
Visit valor.com.br for more details about Luiz Carlos Trabuco Cappi
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