Steve Bishop is the chief innovation officer for OMB Bank and president of OMBX, the bank’s recently launched dedicated embedded finance division. (Photo: Business Wire)
SPRINGFIELD, Mo., February 04, 2025–(BUSINESS WIRE)–OMB Bank proudly announces the launch of OMBX, a dedicated embedded finance division designed to empower fintechs and other digital companies with seamless banking solutions. With seven fintech clients already operating and several more in its pipeline, OMBX is positioned to become a premier embedded finance partner within the industry.
The launch of a dedicated website at www.ombx.com marks a significant step in OMBX’s mission to provide clients with a scalable and compliant banking infrastructure. By combining cutting-edge technology with a banking partner that understands the fintech ecosystem, OMBX simplifies financial integration for innovators looking to embed financial products into their platforms.
“Embedded finance is revolutionizing the way businesses and consumers interact with banking services,” said Steve Bishop, president of OMBX and OMB Bank’s chief innovation officer. “With OMBX, we are meeting this demand head-on, offering clients a powerful banking partnership that delivers security, scalability and compliance, allowing them to focus on building transformative financial products.”
The embedded finance market continues to experience explosive growth, with global revenue projections reaching over $500 billion by 2029. OMBX is committed to positioning itself as a leader in this space, offering a seamless integration process, compliance support, fraud prevention, payment processing and robust analytics tools.
“OMBX represents the next evolution of OMB Bank’s commitment to innovation and financial technology,” said Mark Harrington, president and CEO of OMB Bank. “By launching this brand, we are strengthening our position as a trusted financial partner for fintechs and others, helping them navigate the complexities of embedded banking while delivering exceptional value to their customers.”
OMBX’s launch solidifies OMB Bank’s vision of becoming a go-to embedded finance partner, enabling clients to scale quickly and securely. With the growing demand for integrated banking solutions, OMBX is set to play a crucial role in shaping the future of financial technology.
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About OMBX
OMBX is the embedded finance division of OMB Bank, providing alternative banking solutions including payment processing, compliance, fraud prevention and analytics. OMBX is designed to help fintechs and others scale efficiently while ensuring security, compliance and a best-in-class financial infrastructure. Please visit www.ombx.com for more information.
About OMB Bank
Founded in 1999, OMB Bank is committed to making banking better for families, businesses and communities with its best-in-class consumer, commercial, treasury, mortgage and digital banking services. OMB is headquartered in Springfield, Mo., and operates nine branch locations across Southwest Missouri and the greater Kansas City metropolitan area as well as dedicated mortgage and commercial lending centers in Springfield. Please visit www.ombbank.com for more information.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20250204484196/en/
Contacts
Ryan Bowling Director of Marketing r.bowling@ombbank.com (888) 662-2443 ombbank.com
Baker McKenzie today announced that leading project finance lawyer Matthias Schemuth has joined the Firm’s Singapore office* as a Principal and Asia Pacific Co-Head of Projects in its Finance & Projects practice, alongside Partner Jon Ornolffson in Tokyo.
Matthias joins the Firm from DLA Piper, bringing more than 20 years of experience in the energy and infrastructure sectors across Asia Pacific. He advises sponsors, developers, commercial banks, multilateral lending agencies, and export credit agencies on the structuring and financing of large-scale projects. His practice also spans international banking, structured commodity and trade finance, with a strong focus on emerging markets. Matthias has been consistently recognised by Chambers Asia Pacific and Who’s Who Legal as a leading project finance practitioner.
James Huang, Managing Principal of Baker McKenzie Wong & Leow in Singapore, said: “We are excited to welcome Matthias to our team. His expertise and proven record in managing teams will be invaluable as we expand our regional and global finance offerings for clients.”
Emmanuel Hadjidakis, Asia Pacific Chair of Baker McKenzie’s Banking & Finance Practice, commented: “Asia Pacific is seeing strong momentum in infrastructure development, energy transition investments, and cross-border project financing, much of it centred in Singapore. Having Matthias on board will further enhance our ability to help clients seize opportunities in the region’s evolving energy and infrastructure markets.”
Steven Sieker, Baker McKenzie’s Asia Chief Executive, added: “Matthias’s appointment underscores Baker McKenzie’s continued commitment to investing in exceptional talent across key markets to support our clients in navigating today’s increasingly complex business and regulatory environment.”
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Matthias said: “I’m thrilled to join Baker McKenzie and contribute to its strong growth in Asia Pacific. The Firm’s global reach and local depth provide an unparalleled platform for delivering innovative projects and financing solutions to clients in this dynamic region.”
With more than 2,700 deal practitioners in more than 40 jurisdictions, Baker McKenzie is a transactional powerhouse. The Firm excels in complex, cross-border transactions; over 65% of our deals are multijurisdictional. The teams are a hybrid of ‘local’ and ‘global’, combining money-market sophistication with local excellence. The Firm’s Banking & Finance lawyers are ranked in more jurisdictions than any other firm by Chambers.
Matthias’s hire continues the expansion of Baker McKenzie’s global team. His joining follows the recent arrivals of Carole Turcotte in Toronto; Tom Oslovar in Palo Alto; Jenny Liu in New York and Palo Alto; Helen Johnson, Mark Thompson, Nick Benson, Kevin Heverin, James Wyatt and Michal Berkner in London; Jan Schubert in Frankfurt; Todd Beauchamp and Charles Weinstein in Washington DC; Dan Ouyang, Winfield Lau, and Ke (Ronnie) Li in Beijing, Shanghai, and Hong Kong; and Alexander Stathopoulos in Singapore.
*Baker McKenzie Wong & Leow is the member firm of Baker McKenzie in Singapore
The Federal Reserve gave investors an early Christmas present by lowering interest rates by 25 basis points (i.e., 0.25%) marking its third rate cut this year. In the past, a change like this in the “long end” of the interest rate yield curve has triggered a predictable, investable pattern. Typically, this pattern would be bearish for finance stocks, particularly banks—investors would buy bank stocks when rates rose and sell them as rates fell….
Dozens of protesters from the “Religious Zionist Reservists Forum” and the “Shared Service Forum” demonstrated Saturday evening outside the home of Finance Minister Bezalel Smotrich in Kedumim.
The protesters arrived with a direct and pointed message, centered on a symbolic “draft order,” calling on Smotrich to “enlist” on behalf of the State of Israel and oppose what they termed the “sham law” being advanced by MK Boaz Bismuth and the Knesset’s haredi parties.
Among the protesters in Kedumim were the parents of Sergeant First Class (res.) Amichai Oster, who fell in battle in Gaza. Amichai grew up in Karnei Shomron and studied at the Shavei Hevron yeshiva.
Protesters held signs reading: “Smotrich, enlist for us,” along with the symbolic “draft order,” calling on him to “enlist for the sake of the State’s security and to save the people’s army – stand against the bill proposed by Bismuth and the haredim!”
Parallel demonstrations were held outside the homes of MK Ohad Tal in Efrat and MK Michal Woldiger in Givat Shmuel.
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Representatives of the “Shared Service Forum” said: “We are members of the public that contributes the most, and we came here to say: Bezalel, without enlistment there will be no victory and no security. Do not abandon our values for the sake of the coalition. The exemption law is a strategic threat, and you bear the responsibility to stop it and lead a real, fair draft plan for a country in which we are all partners. It’s in your hands.”
