Category: FinTech

  • 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…

  • 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 –……

  • 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…

  • 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…

  • 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.…

  • When the network fails, what do you do?

    I was driving to pick up my dog the other day from his kennel stay. We had been away on a holiday and the dog was booked into his doggie hotel. Halfway there, and being purely reliant on digital maps, the maps stopped navigating. Maybe I lost the signal or maybe there was no signal……

  • When the network fails, what do you do?

    I was driving to pick up my dog the other day from his kennel stay. We had been away on a holiday and the dog was booked into his doggie hotel. Halfway there, and being purely reliant on digital maps, the maps stopped navigating. Maybe I lost the signal or maybe there was no signal……

  • When the network fails, what do you do?

    I was driving to pick up my dog the other day from his kennel stay. We had been away on a holiday and the dog was booked into his doggie hotel. Halfway there, and being purely reliant on digital maps, the maps stopped navigating. Maybe I lost the signal or maybe there was no signal……

  • When the network fails, what do you do?

    I was driving to pick up my dog the other day from his kennel stay. We had been away on a holiday and the dog was booked into his doggie hotel. Halfway there, and being purely reliant on digital maps, the maps stopped navigating. Maybe I lost the signal or maybe there was no signal……

  • When the network fails, what do you do?

    I was driving to pick up my dog the other day from his kennel stay. We had been away on a holiday and the dog was booked into his doggie hotel. Halfway there, and being purely reliant on digital maps, the maps stopped navigating. Maybe I lost the signal or maybe there was no signal……