Michael Abbott is the Global Banking Lead leading Accenture Digital’s Financial Services Practice where he is helping global clients in Banking, Insurance and Capital Markets navigate complex digital transformations. His most recent engagement include launching a direct to SMB Insurance business in 9 months, helping create a Digital “brain” for banking and driving a massive data/analytics AI/ML environment to the cloud.
Michael was the founder and CEO of Softcard, which was acquired by Google in 2015 and is now the mobile wallet platform for Google’s Android Pay. Michael built Softcard from concept to 4 million users and in the process created the technology and business models adopted by Apple, Google and others that provide the foundation for the mobile payments industry.
From a simple vision, Michael convened an unprecedented group of blue-chip companies from the mobile, financial and retail industries including Google, Coca-Cola, McDonald’s, Subway, American Express, JPMorgan Chase, Wells Fargo, AT&T, Verizon, Visa, and MasterCard.
Prior to leading Softcard, Michael was the Chief Marketing Officer for GE Capital’s Consumer Finance business where he led Marketing, Pricing, Business Development and Strategy. He started and grew GE’s bankcard business into $10B in sales and built GE’s private label business into a highly profitable growth engine, tripling net income to $1B with an industry leading 30% ROE. In 2010, Michael was honored by the GE Board of Directors with the GE Chairman’s award for decisively leading the business through the financial crisis.
Michael started his career as a research scientist at IBM’s Watson Research lab where he focused on fault tolerant super-computer and communication systems research.
Michael is a frequent global speaker and has keynoted numerous events including Mobile World Congress, the Electronics Association, and Money 20/20, as well as served as a spokesperson on Bloomberg and CNN.
Michael has a BS in Electrical Engineering and Mathematics from Stony Brook University and master’s degree in Electrical Engineering and an MBA from Columbia University.