Connect with us

Startups

Solaris Bank’s co-founder has been appointed as CEO of SME Bank

mm

Published

on

Solaris Bank’s co-founder has been appointed as CEO of SME Bank

The German bank SME has started Penta. They have appointed the co-founder of the Solaris bank as their new CEO. Marko Wenthin is the new captain who is leading the way for the bank. He has replaced Lav Odorovic who was the co-founder of Penta.

It was a topic of discussion that Odorovic will leave the company and there will be a need of a well-experienced person for that post. The principal decision was of the new owner of the company named Finleap. The only relationship with Penta will be a shareholder of SME. They are also following the steps of Penta cofounder.

Solaris Bank has a board member named Within. He worked out of the board in the year of 2018 as for some health issues. He needs to get well soon.  Later it was said that the physical problem is not the main issue for stepping out of the authority. It is a very wonderful thing that he is taking charge of Penta’s CEO.

In the case of Odorovic’s walking out, Penta has stated that:

 “Lav is still part of the shareholders at Penta. His step back from the operational management team was a decision taken by mutual agreement. Lav was the right fit during the building phase of Penta, but by entering a new step of growth, the company faces bigger challenges and needs therefore to position itself differently”.

According to Penta, Wenthin has a leadership quality and has an experience of 16 years on Deutsche Bank. So he has the capability to expand the company on an international level. Penta stated on this issue:

 “In the future, the focus will be also on traditional medium-sized companies.”

Wenthin also added on a statement that:

 “I am very much looking forward to my new role at Penta. On the one hand, digital banking for small and medium-sized companies is very important to me, as they are the driver of the economy and I have spent most of my career in this segment. On the other hand, I have known Penta and the team for a long time as successful partners of Solaris Bank. Penta is the best example of how a very focused banking provider can create real, digital added value for an entire customer segment in cooperation with a banking-as-a-service platform”.

On the heat of the moment, Techcrunch came to know that walking out of Odorovic was the only personal reason to appoint Wenthin in that particular post. According to the source of Linkedin, Orlic has also left the post CTO on the month of May. So, Penta is also searching for a new CTO. Pentas Management team has members like Matteo Concas as Chief Marketing Officer, Lukas Zoner as CPO, Luka Ivicevic as Chief of staff along with Wenthin.

Source

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Startups

According to the CEO of Apple Tim Cook, Silicon Valley has created a lot of chaos

Published

on

The Chief Executing Officer Tim Cook was there at Stanford University to give a speech last weekend. Along with all the motivational stuff, he ended up attacking all the big technology companies for creating chaos in the Silicon Valley.

Cook said:

“Today we gather at a moment that demands some reflections. Fueled by caffeine and code, optimism and idealism, conviction and creativity, generations of Stanford graduates and dropouts have used technology to remake our society.”

“But I think you would agree that lately the results haven’t been neat or straightforward. In just the four years that you’ve been here, things feel like they’ve taken a sharp turn. The crisis has tempered optimism. Consequences have challenged idealism. And reality has shaken blind faith.”

Tim also made sure that he names a few of the great inventions that happened in Silicon Valley so that he was able to counterbalance them. He talked about everything which included iPhones, Hewlett Packard, social media and Snapchat.

He continued:

“But lately it seems this industry is becoming better known for a less noble innovation — the belief that you can claim the credit without accepting responsibility. We see it every day now with every data breach, every privacy violation, every blind eye turned to hate speech, fake news poisoning our national conversation, the false miracles in exchange for a single drop of your blood.”

He added later:

“It feels a bit crazy that anyone has to say this, but if you built a chaos factory, you can’t dodge responsibility for the chaos. Taking responsibility means having the courage to think things through.”

Cook then ended up focused on the topic of privacy, a topic that is dear to his heart.

“If we accept as normal and unavoidable that anything in our lives can be aggregated, sold or even leaked in the event of a hack, then we lose so much more than data. We lose the freedom to be human,” he said. “The chilling effect of digital surveillance is profound and it touches everything.”

Source

 

Continue Reading

Startups

Danke China’s housing unicorn appoints ex Baidu executive as their new Chief executing officer

mm

Published

on

Danke China’s housing unicorn appoints ex Baidu executive as their new Chief executing officer

Danke Apartments post getting an investment of $500 million in their last funding round has been able to boost up the confidence of the company. This Monday, Danke announced that they will be appointing Gu Guodong as their new Chief Executive Officer to ramp up the companies offline operational crew.

Gu has stepped down from his previous company after working there for five years. He was one of the key members of the company Baidu. He has worked with a company like Baidu and this is the reason he will easily manage all the sales and money which has been generated by the company through funding and revenue.

Gu has joined the company just after Danke has expanded so there was no better person to take care of the company than him. The main focus of the company is to rent out well-furnished flats or apartments to working professionals so that it is easy and convenient for the people who stay there. After the last funding round of the company in the month of February, the company is valued at $2 billion.

Gu, the chief executive officer was one of the top level executives in Baidu and this is the reason he is one of the biggest assets for the company like Danke. For Gu, joining Danke would almost feel like returning home.

Danke chief executive Gao Jing said:

“We welcome our comrade and good friend Michael.”

Gu has previously worked with other executives of Danko and this is why it totally feels like home for the Chief Executive Officer. Derek Shen, the current chairman of Danke, co-founded Nuomi in 2010 is also part of the team making it very strong and efficient.

source

 

Continue Reading

Startups

Binance starts to restrict United States users ahead of the regulatory compliant exchange launch

mm

Published

on

Binance starts to restrict United States users ahead of the regulatory compliant exchange launch

Finally, the largest cryptocurrency exchange is going legit. Binance is known to process a total of $1 billion on a day to day basis and for a long period of time has embodied the Wild West culture of crypto. It still implements all types of restrictions for the United States of America passport holders on a worldwide basis.

The company has grown drastically and has become one of the biggest names in the crypto industry, which basically allows everyone to use all its services so that they can trade myriad tokens. In the past year, the company has become more professional and has started to offer services in a more organized manner.

Just this week, the company announced that they will soon be pairing up with BAM Trading Services. This will surely be a level of disruption for all the customers of the United States of America. People from the United States of America cannot sign up for the Binance.com service.

“Binance is unable to provide services to any U.S. person.”

-which were confirmed to TechCrunch by a spokesperson.

All the people who are using the service will be given a period of 90 days before the company will stop receiving payments. The company has not yet mentioned that if the ban will be with the help of the geolocation or with the help of the IP address.

The 90-day period, which will be given to the customers will end on the 12th of September 2019. According to experts, people from the United States can simply browse through the website only when they will be using some kind of VPN which will show their location outside of United States of America because of their servers present outside the country.

Continue Reading

Latest News

Spirit to become the latest telecom company which offers a tracking device with LTE Spirit to become the latest telecom company which offers a tracking device with LTE
Gadgets6 months ago

Spirit to become the latest telecom company which offers a tracking device with LTE

Spirit is following the footsteps of AT&T and Verizon and offering LTE tracker to its customers. The matchbook-sized all the...

Startups6 months ago

According to the CEO of Apple Tim Cook, Silicon Valley has created a lot of chaos

The Chief Executing Officer Tim Cook was there at Stanford University to give a speech last weekend. Along with all...

Microsoft finally brings its To-Do application to the Mac operating system Microsoft finally brings its To-Do application to the Mac operating system
Apps6 months ago

Microsoft finally brings its To-Do application to the Mac operating system

In the year 2017, Microsoft said that it will be shutting down Wunderlist which was a company acquired by Microsoft...

Google accused of copying lyrics of different songs from Genius for their search results Google accused of copying lyrics of different songs from Genius for their search results
Apps6 months ago

Google accused of copying lyrics of different songs from Genius for their search results

In a recent report from the Wall Street Journal, there have been accusations made on Google by Genius Media by...

American Airlines to now offer satellite Wi-Fi to their entire mainline fleet American Airlines to now offer satellite Wi-Fi to their entire mainline fleet
Technology6 months ago

American Airlines to now offer satellite Wi-Fi to their entire mainline fleet

If you are looking to fly in American Airlines in recent time, then there is some good news for you....

Danke China’s housing unicorn appoints ex Baidu executive as their new Chief executing officer Danke China’s housing unicorn appoints ex Baidu executive as their new Chief executing officer
Startups6 months ago

Danke China’s housing unicorn appoints ex Baidu executive as their new Chief executing officer

Danke Apartments post getting an investment of $500 million in their last funding round has been able to boost up...

The Neural Network detects the if a photo has been photoshopped or not The Neural Network detects the if a photo has been photoshopped or not
Technology6 months ago

The Neural Network detects the if a photo has been photo shopped or not

Photoshop is one of the most common video editing software available now for professionals. It is a very common practice...

Trending