On April 22, Wilmington, Delaware-based PNC Bank announced the opening of its North Texas Technology and Innovation Hub, the most recent tech-focused space it has opened across its coast-to-coast footprint and the first hub of this type to be established in Texas. The hub will accommodate approximately 200 employees, the majority of which will focus on developing and elevating PNC Bank’s innovation and technology endeavors. The new space also will feature a modern design, including an open layout to encourage a culture of collaboration. PNC Bank recently expanded in the North Texas market through its acquisition of BBVA USA, which was finalized in June 2021, with full integration of the companies completed in October.
“PNC’s new North Texas Technology and Innovation Hub is another example of how we are leading the financial industry in the innovation space, especially in a region that is one of the fastest-growing tech hubs in the country,” says Brendan McGuire, regional president for North Texas. “We know the only way to stay ahead of the curve in banking is through consistent, groundbreaking technology, and the spirit of entrepreneurship is core to who we are. Particularly now, following our acquisition of BBVA USA, we are in a prime position to grow our employee and customer base, physical presence and capabilities to better serve our community through our Main Street banking model. Our newest innovation hub will help us to continue this momentum.”
Located at 11511 Luna Rd. in Farmers Branch, the hub will feature multipurpose rooms, a main conference room for training and large-scale presentations, team meeting areas with writeable surfaces and large screens for brainstorming and planning, and lockers for employee convenience and modern artwork for a vibrant work atmosphere.
“While we’re already a strong community partner, the North Texas Technology and Innovation Hub is another opportunity for PNC to help grow and diversify the local economy and create new opportunities for those who call this vibrant area home—and also those looking to relocate,” says Ganesh Krishnan, enterprise chief information officer and head of business technology and innovation. “We are thrilled to turbocharge PNC’s growing innovative capabilities by tapping into the North Texas technology talent pool.”
PNC Bank’s focus on technology and innovation has yielded recent product rollouts designed to deliver the best solutions to its customers, including PNC EarnedIt in February. Powered by DailyPay Marketplace, PNC EarnedIt offers pay on-demand to its clients, allowing them to provide their employees access to earned pay—throughout any point in the pay cycle—prior to payday.
In April 2021, the bank announced its Low Cash Mode digital offering to help Virtual Wallet customers avoid overdraft fees through unprecedented account transparency and control to manage through low-cash moments or mistimed payments. In the year since it was first introduced, Low Cash Mode has reduced overdraft fees by 46 percent, saving customers more than $54 million in OD/NSF fees.
“Diverse representation in technology is proven to generate better products, enhance efficiency and improve creativity,” says Deborah Guild, chief security officer and head of enterprise technology and security. “This hub’s official opening represents a tremendous opportunity to attract talent that reflects our expanded customer base.”
Established in 1864, PNC Bank National Association operates more than 2,700 branches from coast to coast.