Beacon Platform, Inc. to Spin Off Banking Division
Summary
NEW YORK--( BUSINESS WIRE )--Started a year ago by two former M&T executives, Viktor Ziskin and Yakov Lantsman, Beacon Banking was part of a rapid expansion phase for the award-winning platform. " The transition will be transparent to our clients and partners as we continue to work closely together to expand our product offerings, drive innovation, and provide the highest level of customer service, " said Mark Higgins, Beacon’s COO. " Requirements, internal capabilities and pricing expectations within a client universe that includes everyone from community banks to super-regionals tend to vary considerably and we now have a structure that allows us to be nimbler in how we engage with and tailor our offerings to each one of them, " said Dr. Ziskin. Additionally, according to Dr. Lantsman, "C onsulting and advisory services are a critical component of our business, and the new partnership arrangement allows us to focus more on that aspect while Beacon Platform continues to develop the world class technology that underpins our products. Beacon was founded in 2014 by the senior technologists who worked with SecDB at Goldman Sachs and created Athena at JP Morgan and Quartz at Bank of America Merrill Lynch.