Technical expert at Wells Fargo is leaving for rival IBM

Technical expert at Wells Fargo is leaving for rival IBM

A leading Wells Fargo techie in charge of engineering its banking platform is resigning by the end of the month. The New York Post has reported that t

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A leading Wells Fargo techie in charge of engineering its banking platform is resigning by the end of the month. The New York Post has reported that the Bitcoin expert is starting a job with IBM.

Jesse Lund, who leads the bank`s San Francisco-based Innovation Lab is leaving the company on 31st January, as confirmed by Ann Wasic, a bank spokesperson quoted by the New York Post.

“Jesse Lund has decided to pursue other opportunities outside of Wells Fargo”, said Ann Wasic in a press release. The San Francisco-based Innovation Lab is one of the bank`s departments focused on emerging technologies like the blockchain technology.

“Wells Fargo is committed to exploring emergent technologies and innovative concepts that will benefit our customers”, explained Wasic before the New York Post.

In December last year, CoinDesk has reported that Wells Fargo is among the companies supporting the New York-based blockchain start-up Axoni. The latter has been reported to raise $18 million in a new funding.

Also, banks like Barclays, Goldman Sachs and Bank of America have been known to support blockchain ideas. Barclays, for example, has a massive innovation lab in New York, where they work on creating their own blockchain system, according to the New York Post.

IBM is one of the leading non-bank companies that works on blockchain-related projects. IBM is a premier member of the Linux Foundation`s Hyperledger Project, a cross-industry collaborative effort to create a standard blockchain suitable for business, as stated on ibm.com.

An IBM spokesperson has said before the New York Post that Lund will work with IBM Blockchain and Hyperledger.

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