New bank charters have been rare since the financial crisis. “It’s time to build new banks again,” says Augustus National Bank President Greg Quarles. [Photo and Illustration courtesy of Augustus; composite image DI Studio]
The prospect of building a bank for the AI era from scratch was enough to pull Greg Quarles from the top job at another bank. Now the veteran regulator and three-time bank CEO explains why he joined the upstart reinventing how money moves—and the 25-year-old founder he calls “the brightest guy I’ve ever met.”
The world's largest equity derivatives clearing organization, which has offices in Dallas and Chicago, has doubled its staff in four years. In December, OCC was the first U.S. clearing organization to clear bitcoin futures launched by Cboe Global Markets.
Defense tech firm Shield AI said it completed a live drone swarm exercise in Taiwan in which three Taiwanese-built drones flew a coordinated search mission under its Hivemind AI software instead of human pilots....
Dallas-based Stream Data Centers has named Nikki Kresse its chief human resources officer. She is joining an executive bench that has been evolving since Apollo funds took majority control of the hyperscale developer in August 2025....
Richardson-based Mavenir has hired a longtime Nokia executive to lead its expansion into a fast-growing corner of the cloud computing market known as neocloud. Neocloud is industry shorthand for providers that sell access to graphics processing units, or GPUs, built for AI and other high-performance workloads as a service....
Defense tech firm Shield AI said it completed a live drone swarm exercise in Taiwan in which three Taiwanese-built drones flew a coordinated search mission under its Hivemind AI software instead of human pilots....
Dallas-based Stream Data Centers has named Nikki Kresse its chief human resources officer. She is joining an executive bench that has been evolving since Apollo funds took majority control of the hyperscale developer in August 2025....
Richardson-based Mavenir has hired a longtime Nokia executive to lead its expansion into a fast-growing corner of the cloud computing market known as neocloud. Neocloud is industry shorthand for providers that sell access to graphics processing units, or GPUs, built for AI and other high-performance workloads as a service....