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Customer centricity: How Mashreq Bank is placing its customers at the forefront of its operations.

CIO

Mohamed Salah Abdel Hamid Abdel Razek, Senior Executive Vice President and Group Head of Tech, Transformation & Information, Mashreq explains how the bank is integrating advanced technologies and expanding its digital footprint. This approach has significantly enhanced the customer banking experience.

Banking 299
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BNY Mellon banks on AI to improve master data

CIO

Data about who owes how much to whom is at the core of any bank’s business. At Bank of New York Mellon, that focus on data shows up in the org chart too. Chief Data Officer Eric Hirschhorn reports directly to the bank’s CIO and head of engineering, Bridget Engle, who also oversees CIOs for each of the bank’s business lines.

Banking 354
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Financial API provider Brick is building the infrastructure for open banking in Southeast Asia

TechCrunch

Founded by fintech veterans last year, Brick develops APIs that make it easier for tech companies to add identity verification and access financial data from their users. It is currently partnered with Indonesia’s seven largest banks, covering more than 90% of the country’s bank accounts, and plans to expand into all Southeast Asia countries.

Banking 258
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Solid banks $63M for easier deployment of embedded fintech products

TechCrunch

The San Mateo-based company works with fintech and vertical SaaS companies and offers banking, payments, cards and cryptocurrency products via easy-to-integrate APIs. Wise raises another $12 million to double down on embedded business banking. We understood what they were looking for — that demand for modern infrastructure.

Fintech 251
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MWC 2024 Replay: Huawei unlocks resilient, ‘non-stop’ banking with four-pronged solutions strategy

CIO

With the goal to enhance intelligence in the digital banking arena, Huawei has unveiled a new framework to bolster infrastructure resilience. In 2023, the number of cyber attacks on global banks increased by 520%, and the average service recovery time of financial institutions after ransomware attacks was 16.3

Banking 147
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Stripe announces embedded business banking service Stripe Treasury

TechCrunch

The company is partnering with banks to offer a banking-as-a-service API. In other words, Stripe clients will be able to provide bank accounts to their customers — the service is invite-only for now. Other companies have been working on embedded business banking products, such as Wise.

Banking 313
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Banked raises $20M Series A led by Bank of America and Edenred for US expansion

TechCrunch

Banked is a fintech startup that offers an alternative to card schemes. It’s now raised a $20 million Series A funding round led by Bank of America and Edenred Capital Partners. This means Banked has raised a total investment to date of more than $30 million. Back in 2020, the London-based fintech raised £2.35 ”

Banking 197