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BankiFi Appoints Tom Shen as Chairman of the Board to Lead Expansion Globally
BankiFi, a leading provider of embedded banking solutions, has appointed Tom Shen as chairman of the company’s global Board of Directors. As chairman, Shen will oversee top-level decision making and developments to grow BankiFi’s global presence and fulfil the company’s mission to provide cutting edge embedded banking platform for small and medium businesses (SMB).
Shen is well-known for scaling digital banking technology and has more than 40 years of experience in the financial technology industry. He was the founder and CEO of Software Dynamics Inc. (SDI) and the founder and CEO of Malauzai Software, which was acquired by Finastra in 2018. He also served as Executive Vice President at Digital Insight and is an active board member of fintech companies Shastic, Sensibill, ZSuite among other fintechs.
“BankiFi has proved to be an extremely valuable and trustworthy partner for banks and their SMB customers on three continents, and they are now bringing that expertise to North America,” said Shen. “I’m excited to join the BankiFi team and help their leadership reach their goal of helping more than two million SMBs through their comprehensive open cash management solution for banks and financial institutions.”
BankiFi provides an open cash management platform and architecture that banks and financial institutions embed into their current digital banking infrastructure to address the unique segments of their SMB portfolio. BankiFi’s platform addresses critical SMB requirements through digital workflows that collect payments faster, automate data integration with accounting systems and provides comprehensive insights to optimize working capital.
“Having Tom join BankiFi as Chairman of the board is a real endorsement of what we’re trying to do. Tom has built two successful fintech companies, as well as serving on the executive management team and boards of some household names.” said Mark Hartley, CEO and Founder of BankiFi. “Not only does he bring huge experience in the North American market, but all over the world, which is why we’re so excited to have him part of our growing team.”
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TradeStation Expands into Europe, Unlocking Full U.S. Trading Experience for Retail and Institutional Investors
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Prosci: Mitigating Human-Side Friction: Deploying Research-Backed Change Management and Executive Coaching Rails
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MNP and Caseware Partner to Build the Future of Agentic Audit
Caseware, the leading AI platform for assurance and financial reporting, today announced, two major milestones with MNP, one of the largest professional services firms in Canada. MNP has selected Caseware to further its audit transformation, deploying Caseware’s full Cloud Engagement Solutions suite across its practice. Simultaneously, MNP has joined the Caseware Agentic Pioneer Program as a founding member — a strategic co-development partnership that will see MNP build and deploy firm-specific AI agents on Caseware’s governed AI platform. Together, these agreements mark a significant step in MNP’s evolution into a cloud-first, AI audit practice.
Driving Sustainable Profit in Fintech with Torus, payabl., and Raiffeisen Bank International
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Eastnets: Navigating the New Era of Instant Payments and Global Fraud Prevention
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