Blockchain, Faster Payments and More: How One Bank Navigates Fintech Innovation
Christopher Mager has a very interesting new job -- and a challenging one. He's the head of BNY Mellon's new Global Innovation Group for Treasury Services Business.
Mager is in charge of helping BNY Mellon keep up with the frantic pace of change in payments, so he is overseeing his institution's faster payments initiatives, its real-time payments innovation and, yes, blockchain and distributed ledgers. Mager also talked about the challenging regulatory landscape, and what treasury and finance professionals really want from fintech innovation.
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Christopher Mager is Managing Director and Head of Global Innovation within BNY Mellon Treasury Services’ Global Product Management group. In this role he leads a team responsible for managing Treasury Services’ innovation process and strategic innovation projects. The Global Innovation group is also responsible for research, evaluation, proofs of concept, and thought leadership for emerging payment technology, including blockchain exploration and fintech engagement. Mager is a member of the Federal Reserve’s Faster Payments Task Force, and a frequent speaker on payment modernization initiatives.