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Credable, a digital banking infra startup that wants to build Unit for emerging markets, gets funding

TechCrunch

Embedded finance solutions in less developed markers are becoming more prominent as platforms look to provide various financial solutions to the unbanked and underserved. Banking infrastructure providers are mainly responsible for the proliferation of such solutions. million seed round. So far, over 1.2 So far, over 1.2

Banking 217
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Digital bank Umba raises $15M, plans to expand into three new African markets

TechCrunch

There’s no shortage of digital banks in Nigeria and, in general, in Africa. As the region continues to experience rapid growth in mobile usage and the corresponding growing young population, these fintechs think this is the right time to provide financial services to every market category, from the banked to the unbanked.

Banking 238
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The hyperactive open banking market of Latin America: How the region is being APIfied

TechCrunch

Ximena Aleman is co-founder and chief business development officer at Prometeo , an open banking platform that serves Latin America. In 2019, API usage was more mature in the financial and e-commerce sectors, but it is now venturing into other areas such as marketing and insurance. Ximena Aleman. Contributor. Share on Twitter.

Banking 283
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Andreessen Horowitz backs ModernFi’s deposit marketplace for banks

TechCrunch

Banks aren’t letting fintechs have all the fun when it comes to using technology, providing an opening for startups to show them what they got. In the same vein as companies like Flourish Fi , Treasury Prime , Savana and Amount offering software for banks, ModernFi is providing a marketplace for banks to exchange deposits on demand.

Banking 248
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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 281
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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 295
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Schrodinger’s Open Banking

CIO

I can’t help but think of open banking in the United States — it’s not here, and, at the same time, it’s very much here. In essence, they’re not waiting for the kind of regulatory open banking mandates that have been handed down in other parts of the world. They’re building their own open banking environment.

Banking 212