On Tuesday, PNC Financial Services Chairman and CEO James E. Rohr announced the company’s support for the establishment of a PNC Center for Financial Services Innovation at Carnegie Mellon University.
“Advances in technology and their potential application in financial services underscore the importance of research and education in these areas,” Rohr said in a speech during the Tepper School of Business’ W.L. Mellon series. “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. We are confident that our continued work together will bring tested, secure solutions by introducing new technology and services that will continuously improve the banking experience for consumers.”
The center will research emerging consumer banking issues, including the use of technology to help consumers better manage money and the use of new outlets such as mobile devices and social media to deliver banking services. The center will also oversee curricula and courses pertaining to the banking industry and executive education programs.
“Collaboration thrives at Carnegie Mellon, and the new center will benefit from incorporating faculty and resources from across our campus, combining strengths in business and computer science with other disciplines, such as public policy, consumer behavior and engineering,” Robbert Dammon, the dean of the Tepper School of Business, said. “PNC has an exceptional reputation in banking and a longstanding relationship with our university. Our connection through the new center will be an important conduit for expanding knowledge within the retail banking sector as well as finding solutions to the present and future challenges facing the industry.”