Celsior Welcomes Stacey Zengel as Senior Advisor in Banking
Celsior Appoints Stacey Zengel to Propel Banking Innovations
In a significant move aimed at spearheading banking innovations, Celsior, a dedicated technology consulting and services firm, has announced the appointment of Stacey Zengel as Senior Advisor for Banking & Financial Services. With over 25 years of experience in the banking technology sector, Stacey is expected to play a crucial role in accelerating modernization initiatives for regional banks and credit unions.
A Proven Leader in Banking Technology
Before joining Celsior, Stacey Zengel held the position of Senior Vice President and President of Banking at Jack Henry, a prominent provider of financial services software. His extensive career has seen him deliver advanced core, teller, and branch banking solutions to over 1,000 financial institutions, leading cross-functional teams of more than 1,400 professionals across various domains including product strategy, operations, and client success.
Driving Digital Transformation at Celsior
At Celsior, Stacey will collaborate closely with executive and delivery teams to refine product strategy, shape market offerings, and guide clients through their digital transformation journeys. His focus will particularly be on supporting mid-market banks and credit unions, who are navigating the challenges associated with modernizing their systems.
Vishak Mallya, COO of Celsior, expressed enthusiasm regarding Zengel's appointment, stating, "Stacey brings decades of deep industry experience, unmatched domain credibility, and a passion for solving real-world problems. His expertise is crucial at a time when many regional banks are seeking to modernize their core banking platforms effectively and efficiently."
Addressing Industry Challenges
Stacey’s role comes at a pivotal moment when regional financial institutions are increasingly looking to upgrade their legacy systems to improve customer experiences and adapt to rising regulatory and competitive pressures. A recent study by Cornerstone Advisors indicated that over 60% of mid-sized banks are currently engaged in core transformation initiatives or planning to do so within the next year—a trend that Celsior is well-positioned to support with its agile delivery and specialized consulting services.
Celsior’s Unique Approach to Modernization
Commenting on Celsior's potential, Zengel noted, "Celsior is building something different and necessary. Their ability to blend staffing agility, banking-specific expertise, and accountable delivery stands out in the current landscape. I'm thrilled to contribute to the development of scalable solutions that are practical and prepared for future challenges."
Enhancing Partnerships and Offerings
As part of his advisory role, Stacey will provide insights on industry trends, client strategies, and innovation in solutions, focusing on speeding up time-to-value and enhancing transparency in technology delivery. His experience with Jack Henry Symitar and SilverLake platforms will be vital in expanding Celsior's offerings to institutions operating within or transitioning through those systems.
About Celsior
Celsior specializes in delivering customized technology solutions that assist mid-market enterprises in modernizing their systems, improving customer experiences, and minimizing operational risks. With adaptable engagement models and extensive industry knowledge, Celsior supports transformation in banking, insurance, and healthcare, ensuring results that are rapid, transparent, and collaborative. Celsior operates under the umbrella of Pyramid Consulting, a global provider of workforce and technology solutions.
Frequently Asked Questions
What is the role of Stacey Zengel at Celsior?
Stacey Zengel is appointed as Senior Advisor to enhance banking innovation and guide digital transformation initiatives.
What experience does Stacey Zengel bring to his new role?
Stacey has over 25 years of experience in banking technology, previously serving as Senior Vice President at Jack Henry.
What is Celsior's focus in terms of clientele?
Celsior primarily focuses on mid-market banks and credit unions, providing them with tailored technology solutions for modernization.
How does Celsior support banking institutions?
Celsior supports banking institutions by offering agile delivery, platform-specific consulting, and strategies for core modernization.
What are the goals of Celsior's recent initiatives?
The goals include improving customer experiences, addressing competitive pressures, and delivering transparent technology solutions.
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