COLUMBUS, Ga. - Synovus (NYSE:SNV) Bank has announced the appointment of Jonathan O'Connor as the new chief third-party payments officer and CEO of its subsidiary Maast, starting from February 29, 2024.
In this dual role, O'Connor is set to spearhead the bank's third-party payments operations, including merchant services and sponsorships, and will also be responsible for Maast's banking-as-a-service and embedded finance solutions across the United States.
O'Connor's appointment is part of Synovus' strategic efforts to drive growth in the payments sector and solidify its position as a significant player in the industry. Wayne Akins, Synovus' chief community banking and wealth services officer, expressed confidence in O'Connor's ability to leverage the bank's unique standing in payments to foster strategic growth and expand partnerships.
Bringing a wealth of experience from the fintech sector, O'Connor has a track record of driving commercial change and revenue growth. His previous roles include serving as CEO advisor at Deluxe (NYSE:DLX) Corporation and U.S. CEO and Group CCO at Trust Payments, where he was instrumental in achieving a substantial increase in processing volume and significant year-over-year revenue growth.
O'Connor's career also includes a 13-year tenure at First Data, now known as Fiserv (NYSE:FI), where he was involved in the company's initial public offering in 2015 and helped establish various market verticals and bank-acquiring joint ventures across Europe and the Middle East. Additionally, he was a founding member of the Elavon management team and has served on the board of TeleCheck.
Synovus Bank, headquartered in Georgia, offers a range of financial services, including commercial and consumer banking, private banking, treasury and wealth management, and more, with branches across the southeastern United States.
Maast, a wholly-owned subsidiary of Synovus Bank, specializes in embedded finance, aiming to integrate banking and payment services into software providers' platforms.
The information for this article is based on a press release statement.
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