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Savana raises a fresh round of capital to digitize banks’ services

TechCrunch

Malvern, Pennsylvania–based Savana, a company building financial software products for legacy banks, today announced that it raised $45 million. Prior to FIS, he launched Sanchez Computer Associates, a supplier of core banking systems. “Today’s consumers prefer digital-only banking. Image Credits: Savana.

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Daily Crunch: India’s Central Bank says cryptocurrency ‘may even be worse’ than Ponzi schemes

TechCrunch

India continues to debate the fate of cryptocurrencies : A nation’s regulatory and banking bodies debating blockchain technology and its related tokens is a daily occurrence. But when an official from India’s central bank compares cryptocurrencies to Ponzi schemes, we take note. The TechCrunch Top 3. You can sign up here.).

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Locality Bank by Praxent

Praxent

Data warehousing and business intelligence systems will empower bank to take control of their data AUSTIN, Texas-( BUSINESS WIRE )- Locality Bank , a digital-first community bank, is reinventing local business banking by combining the best of personal relationships with modern technology.

Banking 52
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Alloy, Synctera and Unit discuss the future of embedded finance at TC Disrupt

TechCrunch

Banking-as-a-service (BaaS), embedded finance and open banking are among the hottest topics in fintech today. Make opening a bank account, storing money, receiving a payment card and lending money as easy as opening a social network account. The promise?

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The new CIO mandate: Selling AI to employees

CIO

Still, a report surfaced earlier this month that global banks and investment firms are examining the possibility of replacing entry-level financial analyst positions with AI. Employee training on AI is essential, says Sam Ferrise, CTO at Trinetix, a tech consulting firm.

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Australia’s IT leadership moves 2022

CIO

In a LinkedIn post , Hildyard said that after five years in both CTO and CIO roles “it’s time for me to refresh and take on a new challenge”. Shane Kuret has joined Australian member-owned mutual bank BankVic as its CIO, Kuret announced in a LinkedIn post. Shane Kuret named BankVic CIO.

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Octane banks $2M for flexible billing software

TechCrunch

In Khanolkar’s case, he ran a cloud consulting business and saw how fast companies like Datadog and Snowflake were coming to market and dealing with Amazon Web Services. Software billing startup Octane announced Tuesday that it raised $2 million on a post-money valuation of $10 million to advance its pay-as-you-go billing software.

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