Category: Bank Industry

Psi Pay: Contactless Payment is the Way of the Future

In recent years the popularity and variety of contactless payments have expanded and become even more secure. One of the more stylish options is the Kerv Ring from Psi Pay in conjunction with Kerv Wearables. Psi Pay is an online banking company with a wide variety of credit card and prepaid debit card services. The company Psi Pay became incorporated in 2007 but the Kerv Ring is the first contactless payment method that comes in the form of the ring.


The times are changing when it comes to how we pay for our services and goods. People are tired of complicated debit cards that need signatures and pins. Not only do they just take too much time, they have some serious security issues. In just the last 2 years, a survey showed that almost half of the participants carry less money with them than they used to.


There are many reasons why customers have been moving away from cash and traditional plastic cards. These range from convenience, security, and even style. While many of the alternative payment methods are either bulky or easy to lose, the Kerv Ring from Psi Pay is stylish. The rings come in Kerv Ring from Psi Pay comes in many different color options that include black or white glossy finishes on the outside. In fact, 32% of millennials think that in the future we won’t even need to carry wallets at all.


The traditional banking systems have been failing their customers. Some of these incidents have left their customers without any access to their money at all! In other cases, customers were just unable to access their accounts at all. These banks just weren’t built to handle the problems that come with modern payment processing options.


Wearable technology options are the way of the future and they are offering many different alternatives to traditional payment methods. No matter the reason why someone is interested in contactless payment methods, the Kerv Ring from Psi Pay is a great option.

Luiz Carlos Trabuco And The Process Of Leadership Succession At Bradesco

Bradesco Bank has its own process of choosing the next leaders of the organization, which often occurs at its main office located in Cidade de Deus, Osasco, Sau Paulo, Brazil. Time and again, the preferred and anticipated names of those nominated for high ranking positions sometimes are not the ones who are actually appointed. To illustrate this point, take a look at the situation of Marcio Cypriano. His name was hardly ever brought up when the appointment for the next bank’s president and chairman of the board was being deliberated. This was likewise the case when it came to Lazaro Brandao who was not expected to be the successor of Amador Aguiar – Bradesco Bank’s Founder, in 1991.

However, the process mentioned above did not occur in the case of Luiz Trabuco Cappi, when he was appointed as the President of Bradesco Bank in March 2009. Before he was appointed as Bradesco Bank’s President he was the chairman of Bradesco’s insurance group, which was the largest insurance company in the country of Brazil in 2003. Now during the times when Marcio Cypriano’s successor was being conversed about among the bank’s executives, Luiz Carlos Trabuco Cappi’s name was always referred to.


Luiz Carlos Trabuco Cappi has been with Bradesco for 40 years since being hired as a teller for the bank’s Marilia Branch in 1969. He worked his way up the organizational ladder until he was selected to become one of the bank’s executive vice president. At the time Cypriano took the seat as the bank’s president he was already informed informally that he would someday be considered for the post as Bradesco Bank’s president. Although it did not happen any sooner than 2009 because at the time Cypriano was made president Luiz Carlos Trabuco Cappi was just 47 years old – at that age he was considered still too young to assume the presidency of the bank.

Marcio Cypriano became 65 in November 2008, and due to the regulations of the organization he can no longer discharge executive functions. A change of status was also considered for Cypriano so he could remain as the bank’s president; however, multiple factors prevented this from happening. Also the merger of Banco Itau and Unibanco transpired leaving Bradesco behind as the lead for the private banking sector of the country. Amidst all these issues that befell Bradesco Bank the board decided to appoint somebody new as its bank president.

As it happened, Luiz Carlos Trabuco Cappi became the president of Bradesco Bank in 2009, which was quite a difficult time for the bank because all its competitors have taken steps to retain their respective rank and position within the banking sector of the country. Also at that time, Luiz Carlos Trabuco Cappi had minimal options and his preliminary step was to ensure that Bradesco Bank is able to maintain a good quality of service for its clients.

As it turns out, he has already made plans to put Bradesco Bank in the lead once more, and with the support and consent of Lazaro Brandao, he acquired HSBC Brasil. He later on remarked that with HSBC, Bradesco was able to realize the goals that have been slated for 6 years to be achieved. Luiz Carlos Trabuco Cappi’s excellent move to purchase HSBC Brasil has certainly made Bradesco Bank one of the largest financial intuitions in Brazil in terms of loaned out funds, number of branches across the country, and number of depositors.

Find more about Luiz Carlos Trabuco:,bradesco-anuncia-substituto-de-luiz-trabuco-na-presidencia-do-banco,70002178384

Insurance Executive Octavio Lazari Is Bradesco’s New CEO According To Chairman Luiz Carlos Trabuco

The wait is over. Seven Bradesco executives were in the running to replace Luiz Carlos Trabuco as CEO of the bank, and Octavio Lazari, the president of Bradesco’s insurance division, Seguros, got the job. Fifty-four-year-old Lazari has forty years of service with Bradesco, so he has a pretty good idea what needs to happen internally as well as externally over the next ten years in order to keep the bank profitable.

Luiz Carlos Trabuco, the former CEO, will still be around to help Lazari deal with the issues that make banking in Brazil so profitable. Lazari is no stranger when it comes to making money. While he was president of Seguros, his division was responsible for more than 30 percent of the bank’s profit.

Lazari is the second Seguros president to fill the bank’s CEO job. Luiz Carlos Trabuco was president of the insurance division from 2003 to 2009. He got the bank’s top job at the end of 2009, and Bradesco is a better bank because of his leadership. Trabuco was a bank trainee in 1969. That’s when retiring Chairman Lázaro de Mello Brandão gave Trabuco a chance to prove himself as a banker. Luiz didn’t have a banking education, so Brandão wasn’t sure Trabuco would cut it as a banker even though Luiz has a post-graduate degree in psychology and philosophy degree from the University of Sao Paulo. Brandão wasn’t disappointed with Trabuco’s banking skills. Trabuco went from trainee to vice-president in record-breaking time, according to some bank employees.


Trabuco is 67 now, so he’s too old to continue as the bank’s CEO. Brandão’s retirement in 2017 gave Trabuco the opportunity to move into the chairman’s office. He took the job knowing the bank is facing several challenges in 2018. Brazil’s economy is getting stronger, but the bank still has to deal with the massive influx of customers using the Internet and their cellphones as banking devices. Bradesco’s IT department is ahead of the market right now, but there is the fear that IT Vice-President Mauricio Machado de Minas will need more help in terms of new programs and more IT people to keep up with the mobile banking demand.

Plus, Bradesco is still dealing with the absorption of HSBC’s Brazilian operation. The HSBC acquisition is generating more profit, but now that the bank has more than 5,300 bank branches there’s fear some of them will drag the bank’s profit down. And the thousands of ATMs across the country need constant attention. Their future viability also needs attention. Lazari recently said the bank will not be in acquisition mode in 2018, but the investor pressure to keep the bank’s stock moving in the right direction may alter those plans.

Even though Mauricio Machado de Minas didn’t get the CEO job, and the other five executives are out of the running too, they still hold important positions. Team building is one of Lazari’s priorities, so investors can expect some internal changes once Lazari gets the approval of the stockholders are the annual meeting on March 12. Lázaro de Mello Brandão, the oldest banker in the history of banking is retiring, but retirement doesn’t mean staying home and watching telenovelas. Mr. Brandão will still have a desk and an opinion. Trabuco welcomes his decision to stay around the bank until all the changes are in place. At 91, Lázaro de Mello Brandão is still as sharp as he was when he took over as chairman when the bank’s founder Amador Aguiar passed away in 1991.

Investors on Wall Street like the new CEO. And they like the fact that Trabuco will still make the tough decisions with him.

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Clay Siegall Uses His Blog To Share Stories About Science And Football

Clay Siegall’s blog is filled with news stories about things he finds interesting the fields of science and sports. One recent science article he posted came from PBS and was about the flu epidemic that has been striking people across the United States in recent months. The article was about the Gesundheit Machine located at the University of Michigan. He enrolls students sick with the flu to sit in the Gesundheit Machine so that research can be performed on how the flu spreads from person to person.

In another article Clay Siegall posted it was about the surprise trade of Alex Smith, going from the Chiefs to the Redskins. The current quarterback of the Redskins, Kirk Cousins, said he hadn’t known anything about his team’s interest in trading for Alex Smith before the trade occurred. This Offseason Kirk Cousins is a free agent and it is likely he’ll now sign with another team instead of going back to the Redskins.

As one of the co-founders of Seattle Genetics, Clay Siegall is now the top executive at this company headquartered in Bothell, Washington. He is the president, CEO, and chairman. He was trained as a scientist and has focused his entire career on curing cancer. He and his team research targeted cancer drugs which he thinks is the way that all cancer will be treated in the future.

As the top executive, Clay Siegall has entered into many strategic licenses with other companies in the biotechnology industry. These licenses both help his company’s research and their ability to get drugs on the market. His licenses for his ADC technology has generated over $300 million in revenue for his company. He has signed these licenses with companies like Pfizer, Roche, and Abbvie.

Seattle Genetics under Clay Siegall’s leadership has grown by leaps and bounds into becoming one of the top cancer drug companies in the United States. Seattle Genetics now has 12 drugs in development and they started hiring 100 more people in 2017. Clay Siegall also bought another company in the industry, Cascadian Therapeutics, in a deal for $614 billion that was finalized on January 31, 2018.