Discover Forms New Internal Data and Analytics Organization
02 Novembre 2020 - 10:00PM
Business Wire
Fintech-like DNA Unit to Advance Data-driven
Business Decisions; Effort Will Accelerate Platform and Talent
Sharing
Discover Financial Services, a digital bank and payments
provider, today announced the formation of a new Data and Analytics
(DNA) organization within the company and named newly promoted
Executive Vice President Keith Toney as Chief Data and Analytics
Officer to lead the unit. Toney joins Discover’s Executive
Committee and reports directly to CEO and President Roger
Hochschild.
“This leading-edge move elevates the critical importance of DNA
throughout the organization. The market demands greater business
value from our data-driven decision-making across all of Discover’s
lines of business and functional areas,” Hochschild said. “Our
investment in DNA will furnish us with more insights and solutions
that go to the heart of our goal of providing an extraordinary
customer experience through our customer service and products.”
The new unit represents Discover’s commitment to technical
advancement in financial services with an emphasis on customer
engagement and marketing technologies. It combines several existing
functions, such as analytics, data engineering, data science,
enterprise data management and enterprise decision platforms.
“These are exciting times to work in technology at Discover, and
I am thankful for the support of the company to build an
organization that adds business value and brings more great talent
to our doors,” Toney said. “Discover’s DNA group will foster a
fintech-like delivery culture that builds unique business and
advanced analytics, capitalizes on artificial intelligence and
machine learning, and integrates effective data and decision
engineering. We’re taking the traditional corporate constraints off
of our teams and letting them explore new data-centric business
solutions.”
Toney joined Discover in December 2019 as Chief Data Officer,
bringing with him more than 20 years of information technology
experience in financial services and analytics. He champions the
Greenhouse engineering approach to unlock value through accelerated
analytics in partnership between Discover’s credit card issuing,
consumer banking and global payments business units. Toney
previously worked for organizations such as LexisNexis; Ernst &
Young, LLP; Connexion Point, LLC; and Hartford Financial Services.
He earned bachelor and master of science degrees in mathematics
from Ohio State University.
About Discover
Discover Financial Services (NYSE: DFS) is a digital banking and
payment services company with one of the most recognized brands in
U.S. financial services. Since its inception in 1986, the company
has become one of the largest card issuers in the United States.
The company issues the Discover card, America's cash rewards
pioneer, and offers private student loans, personal loans, home
loans, checking and savings accounts and certificates of deposit
through its banking business. It operates the Discover Global
Network comprised of Discover Network, with millions of merchant
and cash access locations; PULSE, one of the nation's leading
ATM/debit networks; and Diners Club International, a global
payments network with acceptance around the world. For more
information, visit www.discover.com/company.
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version on businesswire.com: https://www.businesswire.com/news/home/20201102005971/en/
Jon Drummond External Relations 224-405-1888
jondrummond@discover.com
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