Revolut’s founder, Nikolay Storonsky, has reportedly sold a stake worth £200 million in the fintech giant, according to sources familiar with the matter. The sale, led by D1 Capital Partners, Tiger Global, and Coatue, involved the secondary sale of employee shares, aimed at providing liquidity for the company’s staff. This transaction brought Revolut’s overall valuation to $45 billion.
All content with RSS
Revolut Founder Storonsky Sells £200m Stake in Fintech Giant
Wednesday, September 18, 2024 - 12:16
61729
/news/investment/revolut-founder-storonsky-sells-ps200m-stake-fintech-giant
Financial IT
Major Retail Banks to Introduce Singpass Face Verification, Further Strengthening Resilience Against Phishing Scams
The Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) today announced that major retail banks in Singapore will progressively implement Singpass Face Verification (SFV) over the next three months to strengthen the digital token (DT) setup process for retail banking customers.
Wednesday, September 18, 2024 - 11:47
61728
/news/banking/major-retail-banks-introduce-singpass-face-verification-further-strengthening
Financial IT
Metro Bank Forges Strategic Collaboration with Infosys to Accelerate Digital Transformation
Metro Bank, the UK's community bank, has entered into a long-term collaboration with Infosys, a global leader in next-generation digital services and consulting, to enhance some of its IT and support functions, while digitally transforming the bank's business operations.
Wednesday, September 18, 2024 - 11:35
61727
/news/infrastructure/metro-bank-forges-strategic-collaboration-infosys-accelerate-digital
Financial IT
Airtel Payments Bank Appoints Amar Kumar as Chief Compliance Officer
Airtel Payments Bank today announced the appointment of Amar Kumar Kakarlapudi as its new Chief Compliance Officer. In this role, Amar will play a crucial part in further strengthening the Bank’s compliance framework and ensuring seamless alignment with regulatory and statutory requirements.
Wednesday, September 18, 2024 - 11:31
61726
/news/people-moves/airtel-payments-bank-appoints-amar-kumar-chief-compliance-officer
Financial IT
Treasury4 Joins J.P. Morgan Payments Partner Network
Treasury4, an enterprise software platform offering modern tools for treasury and finance practitioners, announced today that it has joined the
Wednesday, September 18, 2024 - 11:27
61725
/news/payments/treasury4-joins-jp-morgan-payments-partner-network
Financial IT
Aro Unveils Aro Precision to Redefine Lender Offerings with Advanced Fraud Prevention and Affordability Checks
Aro, the UK’s go-to embedded finance partner for brands, has today unveiled Aro Precision – a new service designed to enhance lender capabilities with advanced fraud prevention, optimised affordability checks, and superior marketplace data.
Wednesday, September 18, 2024 - 11:10
61724
/news/cybersecurity/aro-unveils-aro-precision-redefine-lender-offerings-advanced-fraud-prevention-and
Financial IT
U.S. Faster Payments Council Releases Dual Reports on ISO 20022 Implementation and Benefits
The U.S.
Wednesday, September 18, 2024 - 11:06
61723
/news/payments/us-faster-payments-council-releases-dual-reports-iso-20022-implementation-and-benefits
Financial IT
Fireblocks and Chainlink Labs Announce Strategic Collaboration to Accelerate Regulated Stablecoin Issuance
Fireblocks, an enterprise platform to manage digital asset operations and build innovative businesses on the blockchain, and Chainlink Labs, the primary contributing developer of Chainlink—the essential infrastructure for the t
Wednesday, September 18, 2024 - 10:59
61722
/news/cryptocurrencies/fireblocks-and-chainlink-labs-announce-strategic-collaboration-accelerate
Financial IT
FICO and Jersey Telecom Collaborate to Tackle Authorized Push Payment Fraud
In the fight against the growing problem of financial scams, global analytics software leader FICO has collaborated with Jersey Telecom (JT) to develop a powerful solution that enables direct, near real-time intervention to protect customers.
Wednesday, September 18, 2024 - 10:47
61721
/news/fraud-detection/fico-and-jersey-telecom-collaborate-tackle-authorized-push-payment-fraud
Financial IT
Paynetics Selects Tell.money to Implement Confirmation of Payee (CoP) Service
Paynetics, a leading provider of embedded finance services, partners
Wednesday, September 18, 2024 - 10:44
61720
/news/security/paynetics-selects-tellmoney-implement-confirmation-payee-cop-service
Financial IT
