Just like athletes aiming for gold reflect of past performances, we find it valuable to consider how our thoughts, outlook and reality have evolved.
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July 31st, 2024

 

As the world celebrates the start of the Olympics, we’re all about the thrill of competition and the pursuit of excellence. Just as athletes around the world are pushing boundaries and achieving greatness, we’re inspired to bring you the latest and most exciting updates in the fintech and banking world. Dive in to discover what verticals we think will be the winners in the second half of 2024 and how our portfolio companies are making strides and setting new standards in their respective fields. Go Team USA! πŸŽ‡

INSIGHTS

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Predictions Revisited

 

Can you believe that we're already halfway through the year? Just like athletes that aim for gold reflect on their past performances, we find it valuable to consider how our thoughts, outlook and reality evolve. We revisited our 2024 predictions that we made at the beginning of the year to see what's changed and what's remained on course. Read our updated predictions to discover what we think will medal in 2024.

Read More Here

PORTFOLIO

Adlumin Bringing the Heat

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Adlumin is having a great year and an even better summer! Simplifying security, Adlumin's platforms and seamless integrations create a feature-rich environment with everything sophisticated technology teams need. Check out some of their most recent, noteworthy accomplishments:

 

πŸ‘‰ Ranked #1 in SIEM by G2 and voted a high performer in 6 different categories

πŸ‘‰ Named a Finalist in the CRN 2024 Tech Innovator Awards

πŸ‘‰ Honored on Prestigious MES Midmarket 100 List for the third consecutive year for providing enterprise-grade security to organizations of all sizes

πŸ‘‰ Honored among highest-scoring businesses on Inc.'s Annual list of Best Workplaces for 2024

πŸ‘‰  Launched a new capability, Ransomware and Exfiltration Prevention, that quickly detects and stops data exfiltration attempts by ransomware attackers, alongside a free tool for simulating data exfiltration

πŸ‘‰ Keep an eye out for Chief of Strategy, Mark Sangster's, Cyber-Conscious Leadership: A Practical Guide to Protecting Your Organization Against Cyber Crime, an upcoming book exploring how ransomware impacts a multitude of industries and how to prevent and mitigate attacks. A few of the real-world cybercrime examples from the book will be highlighted in this webinar.

 

To ride this wave of success with Adlumin, reach out to Pam on our Activation Team!

ECOSYSTEM

BankTech Buzz

 

 

Check out the dynamic members of our ecosystem driving positive change.

 

πŸ’­ Carey reflected on our annual BankTech Ventures summit in Atlanta, highlighting the major themes around data, talent acquisition and retention, decisive action over inertia and bank tech vs. fintech.

 

⏱️ Celent recently highlighted Monit in their report "Blueprint for a Model Small Business Bank: Pacesetters in Customer Engagement," recognizing Monit's leadership in embedding financial intelligence tools for SMBs. The report acknowledges Monit's role in helping SMBs make better financial decisions and providing bankers with valuable data and insights to deepen customer relationships.

 

πŸ’₯ Measuring return on investment in customer insights is challenging, especially in banking where traditional analytics often fall short. While data visualization helps identify trends, actionable insights require deeper analysis that links trends to specific customer opportunities. Learn more about how Revio turns insights into action.

 

✍️ Jake has kept busy with his Monday Musings. Check out his two latest articles about the impact of open banking on community banks and the role banker's banks and correspondent banks play in community banking. 

 

NEWS

Headline Highlights

The top three headlines this month in fintech and banking.

 

πŸ’² The International Monetary Fund (IMF) advised that the U.S. Federal Reserve should hold off on cutting interest rates until late 2024 and that the government needs to raise taxes to address the growing federal debt. The IMF's annual review highlighted the need for fiscal prudence, recommending higher taxes on income and corporate profits, closing tax loopholes, and raising federal excise taxes to help manage deficits and curb the increasing public debt.

 

🏒 A top JPMorgan Chase executive warned that free checking accounts could soon incur fees due to new federal caps on credit-card late fees and overdraft charges. The executive attributed this potential fee increase to regulatory changes, which banks claim might affect their profits, prompting appeals from some banks. Experts suggest that larger banks may manage the revenue loss better through other financial services, while smaller banks could struggle to compensate.

 

πŸ“œ Federal banking agencies have recently been slow to approve new bank applications and grant master accounts to nontraditional banks. However, four Supreme Court decisions limiting administrative powers could benefit fintechs and other nontraditional applicants by challenging long-standing practices, potentially leading to more bank charters and easier access to Fed master accounts. 

PHOTOS

PortCo Power

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The whole ZSuite team together at their team offsite in Park City, UT

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Sanjay Bhaskar from Revio presenting at California Community Banking Network's annual tech event

JOBS

🚨 NEW Job Board! 🚨

 

This month, we launched our new job aggregator on our website. If you're interested in exploring jobs within our ecosystem, including positions at tech companies and banks, check it out! Visit to see which BankTech portfolio companies are hiring or join the community for potential opportunities. Explore now and find your next career move!

Job Board

Don't see anything that piques your interest? Join the talent network to get discovered by employers and to stay in the loop with the latest opportunities tailored just for you!

Enjoying FOMO by BankTech? Have a funny "overheard at a community bank" story? Let us know! We'd love to hear from you.

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