GeekWire

NOVEMBER 29, 2022

A bank in rural Washington state sought to distance itself from FTX on Tuesday following a report last week detailing its connections to the failed cryptocurrency exchange. 23 that FBH, the parent company of Farmington State Bank, received $11.5 Moonstone Bank’s reputation as well.” (Bigstock Image).

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Banking Company Financial CTO Hire 107

GeekWire

FEBRUARY 28, 2023

(Archway Photo) Key Takeaways Archway , spun out of Washington Federal (WaFd), provides digital banking infrastructure to regional banks. The Seattle-area startup raised $15 million in a round co-led by WaFd Bank and Madrona Venture Group. The goal is to help community banks stay competitive with giants like J.P

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Banking Development Software Software 124

GeekWire

JANUARY 21, 2023

(Bigstock Image) Moonstone Bank , the digital lender with ties to FTX, announced this week it will wind down plans to offer banking services for industries such as crypto and cannabis. It was acquired in 2020 by FBH Corporation, owned by Jean Chalopin, also the chairman of Bahamas-based Deltec Bank. Its net worth was $5.7

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Banking Financial Industry Insurance 117

GeekWire

MARCH 26, 2023

The deal with First Citizens may provide some market stability following a tumultuous past few weeks since Silicon Valley Bank went down. GeekWire Photo / Nate Bek) First Citizens Bank has agreed to purchase all deposits and loans of Silicon Valley Bank, the Federal Deposit Insurance Corporation announced late Sunday.

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Banking Insurance Financial Meeting 138

GeekWire

APRIL 3, 2023

Launched in 2018, TipHaus sells software to hospitality companies to help managers reduce errors related to tip distribution. The company links with point-of-sale systems to combine tips, classify them, and allocate them to the relevant staff member. But the company survived and is now in more than 2,000 locations across the country.

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Banking Tools Company CTO 117

GeekWire

DECEMBER 10, 2022

bank regulators to investigate the ties between the banking industry and cryptocurrency firms including Farmington, Wash.-based based Moonstone Bank. million in venture funding from Alameda Research, a sister company of failed cryptocurrency exchange FTX. Elizabeth Warren (D-Mass.) Tina Smith (D-Minn.) are pressing U.S.

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Banking Insurance Financial .Net 98

CIO Business Intelligence

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.

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Banking Oracle Financial Cloud 119

GeekWire

MARCH 15, 2023

Silicon Valley Bank’s website promoted its commitment to climate tech. SVB.com screenshot) Before its collapse last week, Silicon Valley Bank was a champion of the growing climate tech sector. The California-based bank offered them assistance in project finance, regulatory hurdles and sector networking challenges. .”

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Banking Financial Energy Insurance 115

CIO Business Intelligence

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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Banking Data Financial Software Development 141

CIO Business Intelligence

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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Banking Financial Applications B2C 98

CIO Business Intelligence

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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Banking Financial Applications B2C 98

GeekWire

APRIL 23, 2024

(Scala Photos) Longtime technology industry leaders Chad Cohen and Ryan Domyancic unveiled Scala Advisors , their new Seattle-based advisory firm designed to help growth-stage companies in the public and private markets. Cohen is the former CFO at Zillow Group and Adaptive Technologies; he led IPOs for both Seattle tech giants.

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Company Banking Groups Research 106

GeekWire

MARCH 13, 2023

Silicon Valley Bank worked with an estimated 80% of venture-backed startups in Seattle. GeekWire spoke with startup CEOs and investors to get their reaction to the government’s decision to backstop deposits and what changes they expect as a result of the bank’s sudden collapse. There could be some silver linings.

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Banking Insurance Government Security 128

GeekWire

MARCH 10, 2023

But now many startups are scrambling to figure out if they’ll be able to pay their employees in the fallout of Silicon Valley Bank’s rapid meltdown. And many companies need to pay employees on March 15. “I ” Many CEOs are trying to transfer their funds out of SVB and set up corporate accounts at other banks.

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Banking Insurance Company Report 126

GeekWire

MARCH 9, 2023

(SVB Photo) Venture capital firms in Seattle are advising portfolio companies to reconsider their positions with Silicon Valley Bank amid potential funding troubles at the tech-focused bank. Shares of Silicon Valley Bank plummeted Thursday after the firm said it would book a $1.8 The bank is launching a $2.25

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Banking Healthcare Report Company 124

GeekWire

MARCH 24, 2023

Silicon Valley Bank’s motto, “Make Next Happen Now,” in neon inside its Portland, Ore., SVB Photo) Founders who had venture debt lines with Silicon Valley Bank are trying to find new types of loans or debt capital in the fallout of Silicon Valley Bank’s collapse. “Real talk. ” he said.

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Banking Report Company Groups 126

Forrester IT

APRIL 21, 2020

Companies must take advantage of this opportunity to think creatively about how they operate. Forrester looked at how more than 20 companies changed their policies and procedures in response to COVID-19. Three key themes emerged as firms: Reduced sources of stress: Financial service firms, including Bank […].

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Company Banking Financial Policies 276

GeekWire

DECEMBER 5, 2023

(Center Photo) Center has found a formula for its expense software business, offering a corporate credit card with a real-time analytics platform used by more than 1,000 middle-market companies. Now the Seattle-area startup is exploring new ways to grow by building APIs and potentially partnering with banks. based company.

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Banking Software Software Travel 105

CIO Business Intelligence

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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Banking Artificial Intelligence Financial Security 104

IT Toolbox

MARCH 16, 2023

Community Health Systems (CHS), Hatch Bank, and now Rubrik are among the 130 victim organizations. The post Rubrik is the Third Company to Confirm Data Breach Through GoAnywhere Bug appeared first on Spiceworks.

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Company Data Banking System 130

SecureWorld News

NOVEMBER 10, 2023

The Industrial and Commercial Bank of China (ICBC), recognized as the world's largest commercial bank, has fallen victim to a ransomware attack. The bank, in response to the incident, promptly disconnected and isolated affected systems to contain the breach. Despite the disruption, ICBC successfully cleared U.S.

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Banking Financial Groups Programming 87

TechSpot

MARCH 11, 2023

Silicon Valley Bank failed on Friday after a massive run on deposits, putting almost $175 billion, including money from some of the biggest tech companies, under the control of the FDIC (Federal Deposit Insurance Corporation). The bank had been a significant venture capital funding source for technology companies, the New.

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Banking Financial Insurance Company 75

CIO Business Intelligence

OCTOBER 31, 2023

It’s no secret that banks and fintech companies must meet compliance and regulatory standards that are much stricter than what traditional tech companies are forced to comply with. The question becomes: How do you meet strict regulatory and compliance standards while keeping up with the rapid pace of innovation in technology?

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Company SDLC Meeting Banking 144

The Verge

NOVEMBER 15, 2021

JPMorgan has sued Tesla, claiming that the electric car company owes the bank $162 million related to a 2014 stock warrant agreement. The dispute centers around adjustments the companies made to the agreement following Tesla CEO Elon Musk’s 2018 “[f]unding secured” tweet and the resulting fallout. Which brings us to the tweet.

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Banking Conference Financial Construction 143

GeekWire

MARCH 12, 2023

Silicon Valley Bank worked with many of the Seattle region’s startups. financial system following the bank’s sudden downfall. financial system following the bank’s sudden downfall. financial markets, and lingering frustration about the way Silicon Valley Bank imploded. “I’m very grateful.

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Banking Financial Insurance Engineering 98

GeekWire

MARCH 10, 2023

Employees based in Silicon Valley Bank’s downtown Seattle office were instructed to work from home after regulators announced Friday that they were taking over the bank. The downfall of SVB is being called the largest bank failure since the Great Recession. billion loss related to securities sales.

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Banking Financial Industry Insurance 98

GeekWire

DECEMBER 14, 2021

Microsoft reports that it has reached its goal of committing $100 million to mission-driven banks, which provide capital to diverse communities. In October, the company reported on its progress to increase the diversity of its workforce , and in June it shared news of its programs to bolster Black and African American communities nationwide.

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Programming Banking Microsoft Report 117

GeekWire

MARCH 13, 2023

But the tech veteran has never seen anything like the Silicon Valley Bank fiasco that rocked the startup world over the past week. We caught up with Cochran on Monday to learn how the Seattle venture capital firm navigated the sudden collapse of Silicon Valley Bank. “Rollercoaster is the easy word to use,” Cochran said.

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Banking Groups Insurance Industry 92

GeekWire

AUGUST 6, 2021

For the past 22 years, Cascadia Capital has helped dozens of healthcare, retail, technology and other companies find buyers. Now, the Seattle-based investment banking firm is on the prowl to make its own purchase. Purchase an emerging technology company in what the long-time investment banking professionals call “industry 4.0.”

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Banking Industry Company Biotechnology 130

CIO Business Intelligence

SEPTEMBER 1, 2023

Many companies today are rapidly adopting new technologies and tools to improve overall efficiencies, improve customer and client experiences, and support key initiatives that are related to business transformation. Banking on technology and people The largest technology investment for U.S. The technology transformation at U.S.

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Banking Programming Training Development 110

CIO Business Intelligence

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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Banking System Data Guidelines 119

GeekWire

MARCH 26, 2024

(BirchAI Photo) Seattle-based BirchAI , a startup that builds software to streamline customer support for healthcare companies, announced Tuesday that it is being acquired by Sagility , a Denver-based health-tech company. The company was launched in June 2020 by CEO Kevin Terrell , CTO Yinhan Liu and Austin-based COO Sumant Kawale.

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Company Healthcare Insurance CTO 113

GeekWire

APRIL 10, 2024

The company has developed technology that pulls customer data from U.S. That includes companies installing heat pumps that need to figure out the right-size device for a space. More than 40 companies are using Bayou’s product, though not all are paying customers. million pre-seed round. The list goes on.

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Energy Company Data CTO 122

CIO Business Intelligence

MARCH 13, 2023

While banking and finance organizations have aggressively moved workloads and apps to the cloud to meet changing customer needs, some remain hesitant to tackle modernization of core infrastructure and systems, fearing a disruption to the business. They need to move quickly, and at scale.” You have to be innovative, but in a secure way.

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Banking Cloud Company Financial 52

Tech Republic Security

NOVEMBER 20, 2020

Jack Wallen thinks banks and credit card companies need to start considering radical ideas to increase their security. In fact, he goes so far as to share such an idea.

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Banking Security Company 160

CIO Business Intelligence

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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Banking Strategy Artificial Intelligence Financial 98

CIO Business Intelligence

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 98

Banking Strategy Artificial Intelligence Financial 98