CIO

APRIL 28, 2023

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.

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CIO

MARCH 5, 2024

Recently, that’s exactly the course Gisela Riggan, EVP and CIO at Prosperity Bank, chose to pursue, and she selected BMC as her technology partner. Prosperity Bank already has a strong reputation for running a lean, profitable business. What makes us unique is that we still have a community bank philosophy.

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CIO

AUGUST 22, 2022

Along with nearly every other industry, banking is facing greater competitive pressure than ever. As banks continue to face this reality, they’re also tasked with addressing a variety of rapidly changing issues, including those surrounding data protection, adoption of cryptocurrency, and anonymizing data (AI models). .

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CIO

SEPTEMBER 2, 2022

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.

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CIO

AUGUST 31, 2022

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.

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CIO

MAY 16, 2023

When the chief banking officer of a $10.3B community bank visited a competing super-regional branch in her suburban New Jersey neighborhood, she noticed something troubling. Today’s rapidly rising rate environment is driving activity across the country’s 72,000 bank branches 2. Consider the following real-world scenarios. ●

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TechCrunch

MAY 9, 2023

Different demographics often have different banking needs. So it’s no surprise that we have seen a flurry of financial technology startups offering banking services catered to certain populations based on factors such as age and ethnicity. Like many fintechs, Charlie is not a bank — its banking partner is Sutton Bank.

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TechCrunch

FEBRUARY 14, 2023

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.

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TechCrunch

JANUARY 14, 2021

But most banks don’t have much of an answer. Step in Minna Technologies , which sells in its subscription management services into banking apps. million/£14 million) in Series B fundraising from Element Ventures, MiddleGame Ventures, Nineyards Equity and Visa, to expand its open banking technology to banks globally.

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CIO

MARCH 26, 2024

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

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CIO

AUGUST 5, 2022

Due to Nigeria’s fintech boom borne out of its open banking framework, the Central Bank of Nigeria (CBN) has published a much-awaited regulation draft to govern open banking procedures. For Emmanuel Morka, CIO at Access Bank Ghana, open banking is the future and enterprises should seize on the opportunity.

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TechCrunch

JANUARY 17, 2023

The fintech partners with more than 220 banks in tier 2 and tier 3 cities spread through 19 provinces. million in funding led by East Ventures Growth Fund, with participation from AlphaTrio Sustainable Technology Fund, Skystar Capital, Sovereign’s Capital, Ozora and Gobi Partners. Customers access banks through the DepositoBPR app.

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CIO

NOVEMBER 9, 2022

Ivneet Kaur, Chief Technology Officer at Silicon Valley Bank, joins host Maryfran Johnson for this CIO Leadership Live interview, jointly produced by CIO.com and the CIO Executive Council. Watch this episode: Listen to this episode: CIO, CIO Leadership Live

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TechCrunch

AUGUST 2, 2022

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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CIO

SEPTEMBER 2, 2022

How has banking evolved during the rapid digitisation of recent years? Banks are no longer the key players in the market, with fintech companies, digital-first start-ups, and tech giants delivering their own brand of financial services. One example is Banking-as-a-Service, with the market expected to reach US$3.6

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CIO

AUGUST 28, 2022

How has banking evolved during the rapid digitisation of recent years? Banks are no longer the key players in the market, with fintech companies, digital-first start-ups, and tech giants delivering their own brand of financial services. One example is Banking-as-a-Service, with the market expected to reach US$3.6

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Banking Innovation Strategy Artificial Inteligence 246

TechCrunch

MARCH 25, 2021

Meniga , the London fintech that provides digital banking technology to leading banks, has closed €10 million in additional funding. Meniga says the funding will be used for continued investment in R&D, and in particular further development of green banking products — building on its carbon spending insights product.

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CIO

OCTOBER 20, 2023

For banks, data-driven decisions based on rich customer insight can drive personalized and engaging experiences and provide opportunities to find efficiencies and reduce costs. Organizations must ensure their technology stack can handle immense data flow. In today’s business landscape, data volumes can explode rapidly.

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TechCrunch

AUGUST 31, 2022

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. million seed and a $12 million Series A.

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TechCrunch

MAY 12, 2023

Or, the UK’s Financial Conduct Authority fining GT Bank £7.8m Or, Solaris , the German Bank-as-a-Service (BaaS) provider slapped with a restriction to not onboard any future clients without government approval. The opportunity for human error alone should be enough to strike fear into the heart of any bank manager.

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Fintech Banking Compliance Enterprise 246

TechCrunch

FEBRUARY 26, 2021

The murder of George Floyd last May ignited many things in the United States last year — one of which that was perhaps unexpected: a rise in the number of digital banks targeting the Black community. Some members of the Black community took their belief that big banks are not meeting their needs and turned them into startup concepts.

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TechCrunch

MAY 15, 2023

Smart does this via a retirement savings technology platform that it has built, called Keystone. UK pension startup Smart banks $95M by Paul Sawers originally published on TechCrunch “Smart has consistently delivered impressive commercial growth, and is backed by an array of top-tier investors whom we are delighted to join.

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CIO

APRIL 25, 2023

Today’s consumers are accustomed to smooth, frictionless online shopping – and they increasingly expect the same kind of digital experiences from their banks. consumers use mobile banking channels, and 70% said mobile banking is now their primary way of accessing their accounts. “Most people do not want to go into a bank to do banking.

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TechCrunch

MARCH 20, 2023

Banking infrastructure providers are mainly responsible for the proliferation of such solutions. They allow businesses such as mobile operators, e-commerce platforms, and logistics companies to embed and enable banking products for their customers. Banking-as-a-service startup Unit closes on $100M at a $1.2B million seed round.

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Mobilunity

APRIL 25, 2024

Banking apps face numerous other problems besides complex onboarding. Just imagine a banking app with simple navigation and personalized experiences — the qualities valued by 94% and 72% of users, respectively. Look at N26, a fully digital bank known for its intuitive, secure, and seamless experience, boasting over 8 million customers.

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TechCrunch

MARCH 24, 2021

In the absence of a banking system nearby or a disregard for one, the unbanked resort to these traditional systems because they work completely offline. The third is the lack of customer data since most don’t have an online banking presence. Slowly , an online banking presence is built for them. Image Credits: Bankly.

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TechCrunch

JULY 16, 2021

Long before the pandemic, the way in which banks were regulated was changing. Initiatives like Open Banking and the Revised Payment Services Directive (PSD2) were being proposed as a way to promote competition in the banking industry — allowing smaller challenger firms to break into a market that has long been dominated by corporate titans.

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TechCrunch

OCTOBER 15, 2021

Ximena Aleman is co-founder and chief business development officer at Prometeo , an open banking platform that serves Latin America. Fintech companies are increasingly collaborating with traditional players like banks, payment agencies, insurance providers and stock exchanges. Ximena Aleman. Contributor. Share on Twitter.

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TechCrunch

NOVEMBER 24, 2020

challenger bank Current, which has doubled its member base in less than six months, announced this morning it raised $131 million in Series C funding, led by Tiger Global Management. The additional funds will be used to further develop and expand Current’s mobile banking offerings, the company says.

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Banking Mobile Innovation Programming 305

TechCrunch

FEBRUARY 14, 2022

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 ”

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Perficient

FEBRUARY 22, 2023

Perficient is looking forward to bringing our unique combination of automation technical know-how along with financial services and payments industry expertise to the Banking Automation Summit in Charlotte, North Carolina on March 2-3. Banks are using AI to analyze large amounts of data, make predictions, and automate complex processes.

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DevOps.com

MARCH 24, 2021

History repeats itself with every technological revolution, sparking the same old fears about job loss and human redundancy. The post The Evolution of Technology Driven Banking appeared first on DevOps.com. The pattern was consistent across industries; whether it was manufacturing, retail, […].

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TechCrunch

OCTOBER 18, 2022

Nexta , an Egyptian startup that plans to launch its banking app in the coming months, has secured a $3 million investment from eFinance Group, a state-owned provider of digital payments solutions. Founded by Ahmed Hisham in 2021, Nexta wants to disrupt the Egyptian fintech scene with its “next-generation banking” app and card.

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TechCrunch

MAY 17, 2022

Unit, a banking-as-a-service startup, has closed on a $100 million Series C round of funding led by Insight Partners. The pair spent the first year stealthily building out the technology with the mission of giving companies a way to embed financial services into their product, accelerating their time to market.

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TechCrunch

JANUARY 19, 2022

It currently has 80 banking customers, a list that spans some of the world’s biggest names in financial services. Names that it can disclose include Metro Bank, Santander, U.S. Bank, Huntington Bank, UOB, Hyundai Card, and MUFG.) Bank, Huntington Bank, UOB, Hyundai Card, and MUFG.)

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TechCrunch

MARCH 4, 2021

Founded by Pedro Moura and Jessica Eting, the startup offers an “engagement and financial wellness” solution for banks, fintechs and credit unions with the goal of helping them engage and retain clients. It is also now licensing its engagement technology to banks, retailers and fintechs across the Americas.

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