Synovus Names Chief Third-Party Payments Officer, Maast CEO

Rhea-AI Summary

Synovus Bank appoints Jonathan O'Connor as chief third-party payments officer and CEO of Maast to drive growth and expand banking-as-a-service solutions. O'Connor's extensive fintech experience will enhance Synovus' position in the payments industry.

COLUMBUS, Ga.--(BUSINESS WIRE)-- Synovus Bank has named Jonathan O’Connor as its chief third-party payments officer and CEO of Maast, effective Feb. 29, 2024.

Synovus names Jonathan O'Connor as chief third-party payments officer and CEO of Maast. (Photo: Business Wire)

In his role, O’Connor will lead the bank’s third-party payments, including merchant services and sponsorships, to expand growth opportunities in the payments space. He also will lead Maast, a wholly-owned subsidiary of the bank, to further bolster banking-as-a-service and embedded finance solutions nationwide.

“As a well-respected global fintech leader, Jonathan brings dynamic expertise to Synovus to strengthen our payments business, and we’re excited he has joined us,” said Wayne Akins, Synovus’ chief community banking and wealth services officer. “Jonathan’s leadership will leverage our unique position in payments by driving strategic growth, expanding partnerships and solidifying our position as a reputable leader in this industry.”

O’Connor previously served as CEO advisor at Deluxe Corporation. He also acted as the U.S. CEO and Group CCO at Trust Payments, where he drove commercial change to deliver more than $6 billion in processing volume and 60% year-over-year revenue growth.

Before joining Trust Payments, O’Connor held several commercial leadership positions in First Data, now Fiserv, during his 13-year tenure. He was part of the initial public offering leadership team that raised $2.56 billion in 2015, established emerging market verticals in the U.S. and set up the Europe, Middle East and Africa (EMEA) e-commerce division and several bank-acquiring joint ventures, including First Merchant Data Services (U.K.), AIB Merchant Services (Ireland) and BNL Paribas (Italy). Before First Data, he was a founding member of the Elavon management team in 2004, holding the position of general manager, e-commerce EMEA.

O’Connor has a background in finance, information technology and commercial sales. He earned a Bachelor of Arts in accounting and finance and a post-graduate diploma and master’s in strategic management. O’Connor also served on the board of TeleCheck.

Synovus Bank, a Georgia-chartered, FDIC-insured bank, provides commercial and consumer banking in addition to a full suite of specialized products and services, including private banking, treasury management, wealth management, mortgage services, premium finance, asset-based lending, structured lending, capital markets and international banking. Synovus has branches in Georgia, Alabama, South Carolina, Florida and Tennessee. Synovus is a Great Place to Work-Certified Company and is on the web at synovus.com, and on X, formerly known as Twitter, Facebook, LinkedIn and Instagram.

Maast is an embedded finance provider that aspires to remove tech and operational barriers so software providers can focus on what they do best – deliver hyper-verticalized solutions for business owners. Founded in 2022 to make true embedded finance attainable and generally available in June 2023, Maast offers payments and banking – with more on the way – as features in software providers' platforms, under their brand. Maast is a wholly owned subsidiary of Synovus Bank; banking products provided by Synovus Bank, Member FDIC. Visit maast.com and follow us on LinkedIn to learn how we are helping our partners bank on their platform.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240305826937/en/

Audria Belton

media@synovus.com

Source: Synovus Financial Corp.

FAQ

Who has been named as the chief third-party payments officer and CEO of Maast by Synovus Bank?

Jonathan O'Connor has been appointed as the chief third-party payments officer and CEO of Maast by Synovus Bank.

What will Jonathan O'Connor be responsible for in his new role at Synovus Bank?

In his new role, Jonathan O'Connor will lead the bank's third-party payments, including merchant services and sponsorships, to drive growth opportunities in the payments space. He will also oversee Maast to enhance banking-as-a-service and embedded finance solutions.

What is Maast and what services does it offer?

Maast is an embedded finance provider that aims to simplify tech and operational barriers for software providers, allowing them to focus on delivering tailored solutions for business owners. Maast offers payments and banking features within software platforms.

Where can more information about Synovus Bank and Maast be found?

More information about Synovus Bank and Maast can be found on their respective websites and social media platforms.

What is Synovus Bank's geographic reach in terms of branch locations?

Synovus Bank has branches in Georgia, Alabama, South Carolina, Florida, and Tennessee.