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First Republic Bank to augment Cybersecurity to protect confidential data against identity theft & fraud

Key Insights and Signals in Banking & Financial Services
Centre Setup & Expansion
HD Bank opens a new transaction point in Vinh Phúc
The Bank’s 3rd transaction point in Vinh Phúc province was officially opened and put into operation at the Ke Hien Building. The bank has a geographical advantage and convenient transport systems for economic development. Read More>>
Deal
Sacombank picks Temenos Infinity to elevate Digital Banking
The company has selected Temenos Infinity to deliver a seamless omnichannel experience to retail and business customers. Temenos was also the only vendor rated best-in-class in the Aite Matrix Evaluation of US digital banking solutions. Read More>>
Mergers and Acquisition
LPL Financial to acquire Financial Resources Group Investment Services
FRGIS comprises approximately 800 advisors and 85 financial institutions nationwide, serving approximately USD 40 Bn of advisory and brokerage assets. Read More>>
Partners Group acquires EdgeCore Digital
The company is investing up to USD 1.2 Bn in US data center operator EdgeCore Digital Infrastructure. EdgeCore will build new data center sites across the United States. Read More>>
Partnerships
Shriram Transport Finance partners with Euler Motor to finance electric 3-wheelers
The partnership is in line with the objective of a green and sustainable future that the company has embarked upon in 2022. Read More>>
WhiteBIT Crypto Exchange concludes partnership with Checkout.com
The partnership with Checkout.com opens new opportunities and allows all holders of Visa and Mastercard bank cards to join the world of cryptocurrencies. Read More>>
Starling Bank announces new partnership with Settld to support the Bereaved
The bank has unveiled a new strategic partnership with end-of-life admin service Settld, which will streamline account administration for the deceased. The Bank has taken swift action to make life simpler for bereaved individuals. Read More>>
Mastercard and Arab African International Bank partner to deliver payment solutions in Egypt
In this partnership, the two companies will focus on planning and executing AAIBs digital transformation strategy and delivering payment solutions. Read More>>
Executive Movement
RHB names Ryan Teoh as Group Chief Strategy and Innovation Officer
Prior to joining RHB, Teoh held various positions focusing on growth strategy, digital acceleration, business transformation, and transformation of financial services. Read More>>
Ecobank Rwanda gets Managing Director
Carine Umotoni has over 18 years of experience, including the last four years as the Managing Director of BK Capital Limited. She will be responsible for ECOBANK in executing its growth and strategy in the Rwandan market. Read More>>
Rajnish Khare joins Union Bank of India as Chief Digital Officer
The Bank has appointed Rajnish Khare as its new Chief Digital Officer. He will be responsible for Digital Strategy, Technology, Transformation, Payments, Digital Channels, Platforms, Ecosystem & Future ready initiatives. Read More>>
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Latest Industry Insights from Draup Braindesk
  1. First Republic Bank is keen on developing digital transaction applications with specific goals to increase the growth of the company. It also focuses on enhancing the platform to have a safe ecosystem for customers. 
  2. First Republic Bank aims to deliver increased security while using the website to protect confidential information against identity theft and fraud  
  3. The major service providers operating in the Banking & Financial Services Industries are Mphasis, Persistent Systems, Wipro, Accenture, and some other cross-industrial players 
  4. Software Testing, Data Engineering, and Infrastructure Management Systems make up 65% of outsourced skill availability. 

Funding Alert

Security Bank raises USD 254 Bn from bond sale
The proceeds from this amount would be used to support the bank’s lending activities and expand its overall funding base. Read more>>

Startup Spotlight

Company – Kaiko
Total Funding – USD 82.52 Mn
About: Kaiko is a market data provider in the blockchain-based digital assets space, providing institutional investors and market participants with enterprise-grade data infrastructure. The company collects, normalizes, stores, and distributes digital assets market data to which clients connect to build data-driven applications. Read more>>

Latest Reports Published in Draup
First Republic Bank Account Intelligent Report
First Republic Bank is keen on developing digital transaction applications with specific goals to increase the growth of the company and provide a safe ecosystem for all customers. Read More>>
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