Prologic Corporation, the leading global provider of financial services software, has appointed Paul Vessey to its Board of Directors.
As Executive Vice President, Emerging Technology, and Chief Operating Officer for Visa, USA, Paul has a deep understanding of the business challenges facing the financial services industry, and insight into which technologies will become tomorrow’s standards for supporting new, strategic business initiatives. Paul Vessey brings more than twenty years of experience and leadership in the banking industry to Prologic’s Board.
In his position as EVP and COO for Visa USA, Paul Vessey is responsible for Visa’s Emerging Markets, Product Development, Systems, Processing, Risk and Operations. One of Paul’s most recent proposed initiatives is called “Virtual Visa”, which will significantly impact the way Visa conducts business in the 21st century. Prior to his joining Visa, Paul held the position of Senior Executive Vice President of Card Products at the Canadian Imperial Bank of Commerce (CIBC). Prior to CIBC, Paul held the title of Vice President and General Manager of Consumer Financial Services at American Express Canada. Earlier in his esteemed career, he held various positions at the Continental Bank of Canada and Toronto Dominion Bank.
In addition to his appointment to Prologic’s Board of Directors, Paul Vessey serves as an Advisory Board Member of Equifax and as a Director of the Toronto Film Festival. Paul has served as Chairman of Visa Canada Association and as Vice Chairman of Visa International.
Paul Vessey is a Business Administration graduate from Durham College of Applied Arts Technology of Oshawa, Ontario in Canada, and graduated from the Advanced Management Program at The International Senior Managers Program at Harvard University’s Graduate School of Business Administration.
“With the multitude of players competing in the financial services software field, only Prologic seems to be developing solutions designed to defend the large banks from the `super portals’ and other non-bank competitors that are vying to steal their customers,” said Mr. Vessey. “With the amazing and unique technologies they are developing for many of today’s largest and most progressive financial institutions, Prologic is well positioned to emerge as the dominant player in their field.”
Mike Cardiff, Prologic’s President and CEO stated, “Paul is one of the senior executives in our industry who is shaping the future of how financial services will be provided around the world. With his leadership and incredible insight into the future of financial services IT, I have always found Paul to be a strategic and innovative thinker. I look forward to his contribution as a valuable addition to our Board.”
Prologic Corporation is the leading developer of software solutions for the global financial services industry. Prologic’s customers include 7 of the top 25 largest banks in the world, with over 25 Internet banks using Prologic solutions. Prologic technology enables financial institutions to quickly deploy solutions for their converging financial services offerings, while also supporting capabilities for increasing profitability, customer acquisition and retention. Prologic’s i-Wealthview(TM) enterprise wealth management solution features e-banking, e-brokerage and e-insurance. Through strategic alliances with Microsoft, Compaq Computer Corporation, and other international partners, Prologic’s banking solutions are in use in over 300 financial institutions globally. Visit Prologic’s home page at www.PrologicCorp.com.Details