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Your IT infrastructure may be more outdated than you think

CIO

But in conflict with CEO fears, 90% of IT leaders are confident their IT infrastructure is best in class. Still, IT leaders have their own concerns: Only 39% feel their IT infrastructure is ready to manage future risks and disruptive forces. No one wants to be Blockbuster when Netflix is on the horizon, he says.

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Southeast Asian payments infrastructure unicorn Xendit banks $300M

TechCrunch

Xendit , a payments infrastructure platform for Southeast Asia, has raised $300 million in fresh funding. Xendit has made several strategic investments in companies that serve startups and SMEs, including private bank Bank Sahabat Sampoerna in Indonesia and payment gateway Dragonpay in the Philippines. billion to $15 billion.

Banking 248
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Beyond Bank CIO: Balancing tradition and innovation in the digital age

CIO

Beyond Bank Australia is one of the largest customer-owned banks in Australia and one of the leading B Corps in the country. Beyond Bank has a real focus on customers who are the members and owners of the bank. Beyond Bank has a real focus on customers who are the members and owners of the bank.

Banking 153
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Stripe announces embedded business banking service Stripe Treasury

TechCrunch

The company is partnering with banks to offer a banking-as-a-service API. In other words, Stripe clients will be able to provide bank accounts to their customers — the service is invite-only for now. Other companies have been working on embedded business banking products, such as Wise.

Banking 313
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Paystand banks $50M to make B2B payments cashless and with no fees

TechCrunch

The Scotts Valley, California-based company is using cloud technology and the Ethereum blockchain as the engine for its Paystand Bank Network that enables business-to-business payments with zero fees. The company said it will use the new funding to continue to grow the business by investing in open infrastructure.

B2B 362
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ADIB-Egypt announces 1 billion EGP digital transformation plan

CIO

ADIB-Egypt has announced plans to invest 1 billion EGP in technological infrastructure and digital transformation by 2025. This ambitious initiative is poised to position ADIB-Egypt at the forefront of the digital banking revolution, transforming how customers interact with their financial services.

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Ecuadorian payments infrastructure startup Kushki lands $100M at a $1.5B valuation

TechCrunch

Ecuadorian payments infrastructure company Kushki has raised $100 million in an extension to its Series B round, more than doubling its valuation to $1.5 The end goal is to help these businesses — such as digital banks — grow faster online and drive consumer adoption of digital payments. Europe, APAC and Brazil.