MINNEAPOLIS--(BUSINESS WIRE)--Mar. 23, 2015--
U.S. Bank, lead bank of U.S. Bancorp (NYSE:USB), has promoted Dominic
Venturo to the role of executive vice president and chief innovation
officer for U.S. Bank. In this expanded role, Venturo will lead the
efforts to identify emerging technology or new business models that have
the potential to enhance customer experiences across the company.
Dominic Venturo, executive vice president and chief innovation officer, U.S. Bank. (Photo: Business Wire)
“Innovation is part of our culture and it is how we view the development
of new products and services,” said Andy Cecere, chief operating officer
for U.S. Bancorp. “By anticipating what our customers will want or need
in the future, we can better prepare our customers and company for
whatever is ahead, capturing opportunities and avoiding pitfalls along
Venturo has been with U.S. Bank for 16 years, and for the past eight
years he has led the innovation team for U.S. Bank’s payments division.
The innovation team develops new products, sets the strategy for
emerging innovations in financial services. This team creates the
environment within the bank through which these innovations are tested,
modified and brought to market for customer use. Recent examples of
innovation from U.S. Bank include advances in mobile payments, voice
biometrics, tokenization and integrated mobile and web commerce
A 26-year veteran of financial services, Venturo’s experience spans
product development and management, commercial risk management,
commercial lending and sales management. He is frequently featured as a
keynote speaker at industry conferences and has been recognized by
numerous media organizations for his work in the industry. His team has
delivered industry-leading innovations since 2008 that have earned
numerous accolades for U.S. Bank.
Based in Minneapolis, he is currently serving on the board of directors
of the Minnesota Community and Technical College Foundation, where he
also serves on the board recruitment committee. Venturo earned a
bachelor’s degree in finance from Oregon State University and is a
graduate of the Pacific Coast Banking School at the University of
Washington Graduate School of Banking.
About U.S. Bancorp
U.S. Bancorp (NYSE: USB), with $403
billion in assets as of December 31, 2014, is the parent company of U.S.
Bank National Association, the fifth-largest commercial bank in the
United States. The company operates 3,176 banking offices in 25 states
and 5,022 ATMs and provides a comprehensive line of banking, brokerage,
insurance, investment, mortgage, trust and payment services products to
consumers, businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com.
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Source: U.S. Bank
U.S. Bank Corporate Communications
Teri Charest, 612-303-0732