Multi-billion dollar payments player Stripe has set a 12-month deadline to decide whether to go public or let employees sell their stock, according to reports.
Industry News
Nyse trading chaos caused by failure to turn off backup system
The New York Stock Exchange experienced huge price swings and trading halts on Tuesday after a staffer at a data centre failed to properly shut down a disaster recovery system, according to Bloomberg.
Lloyds invests £4m in driving payments app Caura
Lloyds Banking Group has invested £4 million in Caura, a motoring app that brings together all driving-related payments together in one place.
Revolut to launch new âtop-tier membershipâ plan
Revolut is set to launch âUltraâ, a new âtop-tierâ membership plan. Above the FinTechâs existing plans of Plus, Premium, and Metal, Ultra is targeted at a âgrowing consumer segment of ambitious, affluent individuals interested in a luxury lifestyleâ.
Dutch central bank fines Coinbase €3.3m
Coinbase has been fined €3.33 million for providing crypto services in the Netherlands without securing registration with the country’s central bank.
Hawk AI scoops $17 million in Series B financing
German RegTech Hawk AI has raised $17 million in Series B financing to fund further product development and global expansion.
