Carey Kolaja, a decade-long PayPal employee who was second-in-command of its consumer products division, left in August to join Citi Fintech, a new unit of Citigroup focused on improving mobile banking experiences. Kolaja started as Citi Fintech’s global product officer last month. This isn’t Citi’s first hire from the tech world—in Feb. 2015, the bank hired the ex-head of Amazon Payments, Matt Swann, as the chief technology officer for its global cards division. The moves are part of a tug of war for talent between Silicon Valley and Wall Street, as the finance and technology industries jostle for control of tech driven areas such as payments and lending.

http://qz.com/563141/citi-proves-banking-can-poach-silicon-valley-talent-with-hires-for-new-fintech-division/