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Fintech giant Stripe’s valuation spikes to $65B in employee stock-sale deal
Payments infrastructure giant Stripe said today it has inked deals with investors to provide liquidity to current and former employees through a tender offer at a $65 billion valuation. Notably, the valuation represents a 30% increase compared to what Stripe was valued at last March when it raised $6.5 billion in Series I funding at…
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Things worth reading: 28th February 2024
Things we’re reading today include … Debanking fears as over 140k business accounts closed | Sky News Stablecoins win 60% of crypto volume as soaring coins lure bets on reliability – DL News Asset servicing industry news | BNP Paribas and Citi invest in United Fintech (assetservicingtimes.com) Greening the Bank of England’s Collateral Framework –……
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5 questions with … ING’s Marco Eijsackers
ING Bank’s Marco Eijsackers, is head of CIO office, where he is focused on developing and deploying emerging technologies within the $967 billion bank’s operations. The Amsterdam-based ING is reaping the benefits of its continued investment in technology and aims to spend less on tech through its optimization and automation of it’s know-your-customer processes, reduced…
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Canadian banks focus on tech, efficiency, innovation
Canadian banks leaned into technology spend during the most recent quarter as efficiency and innovation remained a priority. “Transformational level use of technology, creating capacity and business velocity,” is top of mind for Canadian clients, Karin Kirkwood, president of Canada-based fintech Broadridge Canada, told Bank Automation News. She added that banks are focused on three…
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Quantum tech can increase trading speed by 15% to 20%
Quantum tech provider Quantum Dice has developed hardware to make financial services operations faster and more efficient. The Oxford, U.K.-based company’s hardware can increase the accuracy in statistical modeling, speeding processes like trading activities and risk assessment by 15% to 20%, Annika Moslein, technical project manager at Quantum Dice, told Bank Automation News Feb.…
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When the network fails, what do you do?
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When the network fails, what do you do?
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When the network fails, what do you do?
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When the network fails, what do you do?
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When the network fails, what do you do?