Vakacherla named chief expertise/innovation officer at Provident Financial institution


In a hiring that displays the financial institution’s dedication to the expertise and innovation that’s driving the sector, Provident Financial institution introduced Monday that it has employed Ravi Vakacherla as its chief digital and innovation officer.

On this position, Vakacherla shall be a member of the manager management group and shall be accountable for the financial institution’s digital initiatives, together with technique, knowledge analytics, innovation, fintech partnerships, data expertise — and driving the core vendor relationships.

As well as, Vakacherla will work intently with the manager group on advancing the client expertise and creating worth by enhanced digital instruments and platforms, product choices, analytics, providers and applied sciences, whereas additionally partnering with modern third-party resolution suppliers.

Provident CEO Anthony Labozzetta stated Vakacherla shall be a key addition.

“Ravi is very regarded in his area, he has a collaborative fashion and strategy, and is expert at bringing individuals and processes collectively and creating high-performing and unified groups who obtain outcomes,” he stated.

He brings with him distinctive breadth and depth of expertise serving to to construct out expertise and digital platforms in periods of excessive progress.

Previous to becoming a member of Provident, Vakacherla served as chief transformation officer with Folks’s United Financial institution. Earlier than that, he was accountable for product administration, operations and digital at Folks’s United. Throughout his 17 years with Folks’s, he held management positions of elevated accountability and performed an integral position in main and constructing out the expertise basis to help the financial institution’s growth by 12 acquisitions, rising from $9 billion in property to greater than $65 billion in property.

Vakacherla holds a bachelor’s diploma in electrical and digital engineering from Jawaharlal Nehru Technological College and a grasp’s diploma in pc science from Midwestern State College.



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