Credit card company American Express has launched a new tech hub in Silicon Valley and is on the hunt for bright new innovators.
In doing so, the firm follows in the footsteps of financial institutions such as Wells Fargo and Bank of New York Mellon, both of which have set up tech incubators in the area in order to cherry pick the best engineers and university graduates.
The intention is to find talent that can help these organisations to build customer-facing mobile payment systems and provide nuanced analytics on consumer preferences, according to the Wall Street Journal.
Chief information officer of American Express Marc Gordon said: “I felt that it was important, as part of a broader talent strategy, to really tap into the talent in Silicon Valley,”
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