CIO

FEBRUARY 22, 2024

The threat to banks from cyber crime is becoming increasingly complex, as state actors and criminal gangs become more adept at targeting vulnerabilities. A report by the Bank for International Settlements singled out the growth of cloud-based services and remote working as two of the primary drivers behind the heightened risk.

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Security Banking Tools Generative AI 264

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.

Banking 248

Banking Fintech Insurance Marketing 248

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.

Banking 242

Banking Fintech B2C B2B 242

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.

Banking 241

Banking Fintech B2C B2B 241

CIO

MARCH 21, 2023

When Arvest, a regional bank operating in Arkansas, Kansas, Missouri and Oklahoma, hired Laura Merling as chief transformation and operations officer in 2021, one of the first things she changed was its digital transformation plan. That made for a competitive market in which the cost of acquiring a new customer was around $1,000.

Banking 234

Banking Google Cloud Retail Study 234

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.

Banking 333

Banking Data Artificial Inteligence Artificial Intelligence 333

TechCrunch

NOVEMBER 19, 2020

Juni , a Swedish pre-launch startup that’s building a banking app and platform for e-commerce and online marketing entrepreneurs, has raised just over €2.1 Features offered include a debit card with cashback on advertising spend, along with cash flow management, invoice and bank statement matching, and liquidity management.

Banking 298

Banking Marketing Company Fintech 298

CIO

SEPTEMBER 29, 2023

As I work with financial services and banking organizations around the world, one thing is clear: AI and generative AI are hot topics of conversation. In the finance and banking industry, however, organizations are seeking extra guidance on the best way forward. In short, yes. But it’s an evolution. billion by 2032.

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Generative AI Banking Artificial Inteligence Organization 334

TechCrunch

MARCH 9, 2023

It may go down in the history books about Silicon Valley: the time that its most prominent bank, a bank founded nearly 40 years earlier, inflicted such grievous injury on itself that it had to be rescued by another bank or else risk going down in flames in a single day. Not because the bank is falling apart at the seams.

Banking 273

Banking Windows Company Report 273

CIO

JUNE 13, 2023

As chief digital officer of Kotak Mahindra Bank, Deepak Sharma has been instrumental in driving the bank’s digital transformation, future-ready initiatives, and business model innovation strategies. As I was setting up the NRI banking and remittance platform in 2010, I started getting involved with technology.

Banking 264

Banking Mobile Leadership Video 264

CIO

FEBRUARY 5, 2024

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

Banking Artificial Inteligence Blockchain Scalability 299

TechCrunch

MARCH 11, 2023

The sudden collapse of Silicon Valley Bank , which served as lifeblood for startups , is also impacting firms 8,000 miles away. Regulators stepped in Friday to shut down Silicon Valley Bank, the 16th largest in the U.S. and the bank for most startups. venture firms such as Y Combinator. Some SaaS firms are registered in the U.S.

Banking 261

Banking Groups Marketing Company 261

TechCrunch

NOVEMBER 4, 2021

Since it was founded in 2012, Blend has signed up some of the biggest banks in the country — including the likes of Wells Fargo and U.S. Bank — as well as a bevy of smaller, more traditional financial institutions across the U.S.

Banking 216

Banking Fintech Real Estate Marketing 216

TechCrunch

OCTOBER 6, 2021

Copper Banking , a digital banking service aimed at teens, announced today it has raised a total of $13.3 Copper Banking CEO and co-founder Eddie Behringer believes the startup has a few competitive advantages. One of the first things we noticed is that banks have set the bar extremely low for pre-18 banking.”.

Banking 236

Banking Fintech Metrics Sport 236

TechCrunch

MAY 2, 2023

When First Republic Bank was in its final moments, Silicon Valley didn’t convulse with shock or lather itself into a social media tizzy. Instead of panic, which rippled throughout the startup community in March when Silicon Valley Bank signaled trouble , there was widespread malaise. Ricciardi asked.

Banking 235

Banking Small Business Media Social 235

TechCrunch

SEPTEMBER 17, 2022

Last month, Varo Bank celebrated the two-year anniversary of obtaining its national bank charter. consumer bank. The startup launched its banking services in 2017, aimed at making younger consumers comfortable doing all their banking online. Our largest reduction in spend is coming from marketing.

Banking 307

Banking Fintech Sustainability Marketing 307

CIO

SEPTEMBER 9, 2024

According to IDC’s Worldwide AI and Generative AI Spending Guide (August 2024) , the global AI market is expected to surge from US$235 billion in 2024 to US$632 billion by 2028. Tencent Cloud stands to benefit, particularly in APAC, where market size is predicted to grow from US$45.4 billion in 2024 to over US$110 billion by 2028.

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Innovation Marketing Azure Artificial Inteligence 305

TechCrunch

SEPTEMBER 9, 2021

Varo Bank , which last year became the first U.S. neobank to be granted a national bank charter, announced this morning it has raised a staggering $510 million in a Series E funding round at a $2.5 Varo Bank raises another $63M, led by NBA star Russell Westbrook. effectively becoming a “real” bank but with no physical branches.

Banking 233

Banking Marketing Fintech Insurance 233

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. ●

Banking 248

Banking Artificial Inteligence Artificial Intelligence Compliance 248

TechCrunch

MARCH 13, 2023

Shares of First Republic Bank fell sharply in early trading this morning, which caused trades of the company to be paused due to volatility, implying investor discomfort with the financial institution despite government activity over the weekend to sort the Silicon Valley Bank crisis and potential cascading effects. techcrunch.com.

Banking 246

Banking Technical Review Government Small Business 246

TechCrunch

DECEMBER 11, 2020

Open banking platforms, where services that might not have previously lived next to each other are now joined up by way of APIs, has been one of the emerging trends of the last couple of years, and today one of the leaders in the space out of Europe has closed a round of funding to expand its business. It has now raised €175 million in total.

Banking 293

Banking Fintech Network Marketing 293

TechCrunch

JANUARY 19, 2023

That’s because they’re on the hook for interchange fees, or transaction fees a merchant’s bank must pay whenever a customer uses a card to make a purchase. to enable customers to make online payments using their bank accounts. Customers sign up with their bank account information and pay within the flow. .”

Banking 250

Banking Fintech Report Recruiting 250

TechCrunch

JANUARY 17, 2023

The fintech partners with more than 220 banks in tier 2 and tier 3 cities spread through 19 provinces. Komunal digitizes rural banks, called BPRs (Bank Perkreditan Rakyat) through its DepositoBPR platform, which lets users make deposits and apply for loans digitally without needing to visit their bank’s physical location.

Banking 201

Banking Fintech Sustainability Scalability 201

TechCrunch

DECEMBER 26, 2022

Jakarta-based fintech Akulaku has raised $200 million from Mitsubishi UFJ Financial Group (MUFG), the largest bank in Japan. This is part of a strategic investment, with startup and MUFG planning to expand into new markets and product together in 2023.

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Fintech Banking Groups Virtualization 243

TechCrunch

JANUARY 11, 2021

It’s hard to believe that fintech startup Revolut doesn’t have a proper banking license in its home country. But this is about to change as the company has applied for a banking license in the U.K. Revolut already has a banking license in the European Union. It is slowly starting to offer its own banking products in Europe.

Banking 264

Banking Fintech Insurance Travel 264

TechCrunch

JUNE 23, 2022

A notice from India’s central bank this week has thrown a wrench into the ecosystem, scrutinizing just who all can lend. Fintechs typically partner with banks to issue cards and then tie up with non-banking financial institutions or use their own NBFC unit to offer credit lines to consumers. ” the founder added.

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Fintech Banking Government Industry 243

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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Banking Fintech Social Insurance 329

TechCrunch

MARCH 1, 2021

Known for its innovations in the payments sector, Square is now officially a bank. Nearly one year after receiving conditional approval , Square said Monday afternoon that its industrial bank, Square Financial Services, has begun operations. Lewis Goodwin had been tapped to serve as the bank’s CEO, and Brandon Soto its CFO.

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Banking Fintech Small Business .Net 352

TechCrunch

MARCH 10, 2023

I write this twice-weekly newsletter on a tight deadline, so when I saw a press release that started with “Silicon Valley Bank, Santa Clara, California, was closed today,” I realized I might need to pivot. ” Silicon Valley’s favorite bank just failed. Will those customers ever be made whole? Sit with that.

B2B 229

B2B Fintech Banking Survey 229

TechCrunch

OCTOBER 4, 2022

Plus, as CEO and co-founder Jordi Hays will admit, lots and lots of marketing. Investors, meanwhile, can select to link their banking account to invest in the company through either USD or crypto with specific allocation; all while Capital handles back-end documents. Pitch Deck Teardown: Party Round’s $7M pre-seed deck.

Banking 212

Banking Fintech Media Company 212

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.

Fintech 340

Fintech Banking B2B Small Business 340

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

Banking 246

Banking Innovation Strategy Artificial Inteligence 246

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

Banking 246

Banking Innovation Strategy Artificial Inteligence 246

TechCrunch

MARCH 9, 2023

Synctera , a banking-as-a-service startup, has raised an additional $15 million as it expands into Canada. NAventures, the corporate venture arm of National Bank of Canada, led the financing, which brings Synctera’s total raised to $60 million since its June 2020 inception. Until now, the company has only operated in the U.S.

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Banking Fintech Company Compliance 211

TechCrunch

SEPTEMBER 2, 2022

Kuda , the challenger bank based in Nigeria and the U.K., Kuda, the African challenger bank, raises $55M at a $500M valuation. Per sources, this includes growth, marketing and product departments. has joined the ranks of tech companies in Africa that are pruning their workforce. billion, cut 15% of its staff in June.

Banking 343

Banking Fintech Sustainability Trends 343

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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Banking Fintech Research Infrastructure 197

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. Arjun Thyagarajan, co-founder and CEO at Solid, told TechCrunch that the company spent the last 18 months working with early customers on product-market fit.

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Fintech UI/UX Banking Healthcare 251