American Banker reports on PNC teaming up with Carnegie Mellon University's Tepper School of Business to create a center for financial services innovation.
PNC is expected to invest $5.5 million over the coming five years in the venture, which will be directed by Sunder Kekre, a professor of operations management at the Tepper School.
"Advances in technology and their potential application in financial services underscore the importance of research and education in these areas," James Rohr, PNC's chief executive, said in a press release. "Carnegie Mellon is regarded as a global leader in business and technology, and our company has enjoyed a long and productive relationship with its students, alumni, faculty and administrators."
Original source: American Banker
Read the full story here