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EST Bitcoin expert at Wells Fargo reportedly poached by Big Blue IBM been one of the leading nonbank participants in blockchain development Want to see how this story relates to your watchlist? Just add items to create a watchlist now: Goldman Sachs Group Inc. (GS) Add or Cancel Already have a watchlist? Log In By Kevin Dugan A top Wells Fargo techie in charge of engineering its bleeding-edge banking platform is leaving for rival IBM by the end of the month, the New York Post has reportedly learned. Jesse Lund, who leads the banks San Franciscobased Innovation Lab, is leaving on Jan. 31, Ann Wasik, a bank spokeswoman, has confirmed, according to the Posts report . Losing Lund the man in charge of the banks /quotes/zigman/239557/composite WFC -1.49% blockchain push, the valuable but largely untested technology behind Bitcoin is the latest blow for the bank, whose reputation was tarnished by last years fake-accounts scandal. Dont miss: GE and IBM have unusual earnings reports in common IBM /quotes/zigman/230066/composite IBM +0.28% has been one of the leading nonbank companies in developing blockchain, which banks would like to control by building their own versions. The technology would make transferring payments faster, cheaper and safer, and is seen as the transaction system of the future.
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