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Farther, a wealth tech firm, banks $15M Series A as valuation hits $50M

TechCrunch

Building wealth is a long process and can be complex, but Farther is bringing both technology and advisors to the table to make these kinds of services more accessible. Meanwhile, Genser, CTO, is a military veteran who previously worked at Goldman Sachs leading an artificial intelligence team in private wealth.

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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.).

Banking 213
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Six steps to creating a successful IT strategy: A guide for CIOs

CIO

In today’s rapidly evolving technological landscape, the role of the CIO has transcended simply managing IT infrastructure to becoming a pivotal player in enabling business strategy. Understanding the company’s competitive position allows IT leaders to mindfully act to implement technology for competitive advantage.

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Brick closes $8.5M seed to enable open finance across Southeast Asia

TechCrunch

Brick wants to simplify the process with a suite of APIs that connects financial apps to “hyper-local” sources of data, including banks, mobile wallets and telecoms. Tan was an early employee at Aspire, the neobank, while Malhotra was co-founder and CTO of Indian neobank Slice.

CTO Coach 206
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Capitalize, a startup that wants to make it easy to roll over your 401(k), closes on $12.5M Series A

TechCrunch

Sharma teamed up with CTO Chris Phillips in late 2019 to form Capitalize, which went on to raise a $2 million seed round last March led by Bling Capital. I was curious about how Capitalize’s offering differs from the services that financial advisors provide. That was one of the things that motivated Sharma.

CTO Coach 203
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Cognitio Corp enters into a strategic alliance with Indian River Advisors, LLC

CTOvision

Cognitio Corp and Indian River Advisors LLC have just announced a strategic alliance. enters into a strategic alliance with Indian River Advisors, LLC. We are pleased to announce that Cognitio has entered into a strategic alliance with Indian River Advisors. The text below is from the joint announcement: Cognitio Corp.

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Fintech Roundup: Goldman Sachs buys another startup, Fast hits a speed bump and BaaS gets hotter

TechCrunch

It’s another example of an incumbent recognizing that it makes more sense to buy a company that has developed technology that it wants rather than building it out itself – a process that would take far longer and require more resources than a simple acquisition would. Or will some retailer just buy its technology?

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