Top FinTech News for Tech Leaders - 02/14/2024
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Maybe we’ll finally see a fintech IPO in 2024 (February 11, 2024)
Summary: TechCrunch explores the resurgence of venture investing in fintech, highlighting Plaid's preparation for an IPO with the hire of its first-ever president, a former Cloudflare executive. The piece also touches on the potential for other fintechs like Klarna, Chime, and Stripe to go public soon. Additionally, it discusses Affirm's earnings report, showing significant revenue growth but cautious investor sentiment. The article also covers notable deals and funding in the fintech sector, including the acquisition of Onfido by Entrust and Pennylane's rise to unicorn status. For more details, you can read the full article on TechCrunch's website.
Google Cloud Enabling Admiral to Become a Finserv Leader (February 14, 2024)
Summary: Admiral, a leading name in financial services, is forming a strategic partnership with Google Cloud. This collaboration aims to revolutionize Admiral's core operations, leveraging Google's advanced cloud platform to enhance insurance policy administration and digital systems. The partnership is set to drive innovation, with a focus on developing new digital products and services, including improvements to Admiral's customer-facing mobile app. Through this alliance, Admiral aims to accelerate its product and service delivery, harnessing Google Cloud's expertise in data analytics, AI, and machine learning to deliver exceptional customer experiences and maintain its competitive edge in the fintech arena.
IT Labor Market Overview for Business Executives and Tech/HR Managers (February 11, 2024)
Summary: Bluebird has published an overview of the latest IT labor market trends, covering the following topics:
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Download the full overview in PDF format here.
Finastra and Tesselate Partner to Help US Banks Automate Processes With Fintech Applications (February 13, 2024)
Summary: Finastra and Tesselate have embarked on a strategic partnership aimed at transforming the U.S. banking sector through automation. Their collaboration introduces a comprehensive service leveraging Finastra's Trade Innovation and Corporate Channels, integrating cutting-edge fintech applications that utilize artificial intelligence, blockchain, and automation tools. This initiative promises to streamline manual processes, reduce operational risks and costs, and enhance service agility for U.S. banks, thereby future-proofing their operations and facilitating expansion into new markets with improved security measures.
Revolut says Meta platforms are a 'hotbed' for scams (February 14, 2024)
Summary: Revolut's 2023 scam data indicates a significant portion of its UK-reported fraud cases and financial losses originated from Meta platforms, including Facebook, Instagram, and WhatsApp. This trend, showing an increase in scam activity on these platforms, raises concerns over the role of social media in facilitating financial fraud. Revolut, along with other banks, is urging Meta to strengthen fraud prevention measures, highlighting the urgent need for a collaborative effort to combat online scams effectively. For more details, visit Finextra.
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Bluebird team