Booking.com Fintech Lead Unpacks Payments Pivot, Vision To Refine Travel Experience
The worst part of travel often comes down to payments, loyalty rewards and customer service.
That’s according to Daniel Marovitz, the senior vice president of fintech at Booking Holdings Inc BKNG, who chatted with Benzinga on how Booking.com’s new fintech unit will add efficiency and value to the travel marketplace.
Context: “I’ve dealt with really obscure, complicated, esoteric investment banking products, and nothing comes close to the difficulty and nuance in the travel space,” Marovitz said.
Prior to Booking, Marovitz spent his time in investment banking, entrepreneurship, and management at some names like Deutsche Bank AG DB 0.08%, buzzumi and Earthport, among others.
After speaking with ex-Booking CEO Gillian Tans, Marovitz discovered untapped fintech opportunities in travel.
“There’s been more randomness injected into travel which makes a compelling case for the kinds of things we can do to add flexibility, risk, and friction reduction for bookers, partners, and suppliers.”
