but the chief technology officer who’s led the way with a unique approach to blending technology and banking describes what he’s done over the last nine years as nothing more than “common sense.” “the wheel was revolutionary for about a minute before everybody else realized they could do it too,” said suresh ramamurthi, the cto of cbw bank and ceo of yantra financial technologies, the tech firm he established to bring efficiencies to banks and other companies who want to process payments or manage risk. the state-chartered bank with just $33 million in assets, located in small town weir, kansas, is about as far from a major financial hub as any place in america, but the bank helped put the town back on the map. less than 1,000 people live there, and it’s the only branch the bank operates. from that beginning has evolved the y-labs marketplace, which enables companies, regardless of sector, to explore banking and payments, specifically, within that marketplace.
cbw and yantra are the winners of bank director’s finxtech innovative solution of the year, one of three annual awards that recognizes successful collaboration between banks and fintech companies. cbw and yantra have published about 500 application programing interfaces, or apis, which allow third-party developers to build apps and connect them to the bank’s core data systems, while maintaining compliance, which in itself could be a huge financial and legal burden. “if you can digitize all aspects of compliance, then you have an advantage.” the y-labs marketplace, which ramamurthi runs as the ceo, has grown its client list to more than 100 that includes mostly other fintech firms like moven and simple—known well in the banking industry—in addition to insurance companies, a claims processor, healthcare companies and hospitals, which have used the marketplace to improve their payments systems, while also automating their compliance verifications and other tasks that are often costly and time consuming. ramamurthi has been widely recognized as an innovator and is upending the industry by establishing what he describes as a foundation that will eventually lead to advances in artificial intelligence and machine learning for the banking industry.
yantra to allow banks to seamlessly offer new products from industry’s most innovative startups using platform’s technology weir, kan.–(business wire)–yantra financial technologies, a fintech company specializing in designing, developing and managing electronic payment systems, has launched the y-labs marketplace, an initiative that enables banks to rapidly introduce new payments products and services with industry specific benefits via yantra’s proprietary digital banking platform that enables real-time, contextual and conditional payments. the y-labs marketplace was designed to empower the delivery of next-generation banking services that anticipate market needs. applications are funneled through the innovation process with support from yantra while receiving ongoing guidance from forward-thinking financial institutions intending to establish a partnership, acquire or invest in them.
additionally, yantra’s use of apis and focus on compliance ensures that the system is built on a process-friendly platform, resulting in banks’ ability to quickly add new services without taking on inordinate risks or increasing exposure to fraudulent transactions. a huge opportunity exists for financial institutions to offer services to resolve these issues, but lacking technology and compliance concerns deter the development of such solutions,” said suresh ramamurthi, ceo of yantra financial technologies. for this reason, we are enabling financial institutions to help bring the most promising solutions to fruition and ultimately, deliver tangible benefits to businesses.” founded in 2012, topeka, kan.–based yantra financial technologies is a financial technology firm specializing in designing, developing and managing electronic payment systems, and focuses on creating secure contextual and conditional ways of moving money.
yantra fintech (india) limited. financial services. chennai, tamil nadu ; cbw bank. financial services. weir, kansas ; 10x banking. it services and it consulting. ramamurthi, leaning on his experience with google and tech background, also started yantra financial technologies, a fintech firm that offers innovative contextual payment processing platforms to benefit businesses and consumers 840 massachusetts st, 66044 lawrence., cbw bank, cbw bank, financial services companies.
yantra is a financial technology firm specializing in designing, developing and managing electronic payment systems. see what employees say it’s like to work at yantra financial technologies. salaries, reviews, and more – all posted by employees working at yantra financial founded in 2012, topeka, kan.–based yantra financial technologies is a financial technology firm specializing in designing, developing and yantra financial technologies (yft) specializes in designing, developing and managing electronic payment and risk management systems., .
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