Welcome to our recap of the top 5 fintech news from this week. We’ll cover the most exciting developments in financial technology, from groundbreaking innovations and major partnerships to regulatory updates and market trends. Stay tuned to catch up on the latest advancements shaping the future of finance with Financial Technology Insights.
Brands Covered:
News Headlines:
- New Stripe data shows that cross-border revenue in Asia grew more than 30% in 2023
- CrowdStrike Introduces Financial Services to Streamline Cybersecurity Platform Integration
- Mastercard Acquires Recorded Future to Boost Digital Security
- Google Wallet Introduces Digital Identification and Upgrades Commuter Functionality
- TCS Partners with Google Cloud to Launch AI-Powered Cybersecurity Solutions to Deal with Advanced Threats
Read: Top 5 Ways How Sysdig Can Help To Stay Compliant Without Sacrificing Security
New Stripe data shows that cross-border revenue in Asia grew more than 30% in 2023
Stripe, a financial infrastructure platform for businesses, gave an update on the growth of the internet economy in Asia, highlighting Stripe’s expanded market coverage and AI-powered payments to support cross-border commerce. “Last year, cross-border payment volume in Asia on Stripe grew more than 30%. Building on that momentum, we’re equipping businesses with tools to accelerate their revenue growth, including an optimized checkout suite, the ability to show local prices to customers, and advanced fraud prevention tools. This will help Asian businesses to boost their revenue,” said Sarita Singh, regional head and managing director for Southeast Asia, India, and Greater China at Stripe.
CrowdStrike Introduces Financial Services to Streamline Cybersecurity Platform Integration
CrowdStrike launched CrowdStrike Financial Services, a wholly-owned subsidiary of CrowdStrike, providing tailored financing solutions for the AI-native CrowdStrike Falcon® cybersecurity platform. Through this new offering, customers benefit from accelerated platform consolidation with streamlined access to the market-leading technology they need to stop breaches. As more organizations consolidate on the Falcon platform, CrowdStrike continues to innovate to make its industry-leading technology even more accessible. Last year, CrowdStrike introduced Falcon Flex, providing adaptable licensing to the Falcon platform’s full portfolio of best-in-class modules, allowing customers to use what they need, when they need it. Customers can use CrowdStrike Financial Services in combination with Falcon Flex, as well as in standard licensing models, to accelerate adoption of the Falcon platform and stay ahead of sophisticated threats.
Mastercard Acquires Recorded Future to Boost Digital Security
Recorded Future is excited to announce that we are being acquired by one of the world’s most trusted and recognized companies, Mastercard, in a transaction valued at $2.65B. This marks an important milestone in our journey, which began in 2007 with the creation of the original patent for what would become the Recorded Future Intelligence Platform. Over the years, we have partnered with top-tier venture firms, including Google Ventures and In-Q-Tel, and were later acquired by Insight Partners in 2019 for $780M. Now, with Mastercard, we are embarking on the next phase of our growth, broadening our threat intelligence strategy and expanding our global reach.
Google Wallet Introduces Digital Identification and Upgrades Commuter Functionality
A Google blog post says that soon, people in the U.S. will be able to use their passports to make digital IDs that can be used at some TSA checks. This will make traveling within the U.S. easier. The service also adds more support for state-issued IDs and prepaid commuter benefit cards. It also plans to add more transit choices around the world. The process of making this digital ID is easy. People can “create an ID pass with your U.S. passport” in the Google Wallet tool for their phones. They can use the app to learn how to scan the security chip in their cards. A customer will have to make a short video of themselves to prove who they are. When it’s done, Google Wallet will process the information and let users know when their digital ID pass is ready to use. This usually only takes a few minutes. Earlier this year, the U.S. State Department said it would be beta testing a program that lets people who want to journey renew their passports online.
TCS Partners with Google Cloud to Launch AI-Powered Cybersecurity Solutions to Deal with Advanced Threats
The TCS Managed Detection and Response (MDR) solution Opens in new tab, powered by Google Security Operations Opens in new tab platform, will enable security teams to reduce the time required to detect, and respond to threats. It combines the hyperscaler’s advanced threat detection capabilities with TCS’ contextual knowledge to enable continuous security monitoring and round-the-clock response. The TCS Secure Cloud Foundation Opens in new tab leverages capabilities from Google Cloud’s security solutions to strengthen cloud security posture and governance across single, multi, and hybrid cloud environments by embedding security and compliance guardrails throughout the DevSecOps lifecycle. Leveraging AI, machine learning, and automation, the solution continuously monitors risks, identifies deviations, and recommends remedial actions.
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Thank you for joining us for this recap of the top 5 fintech news from this week. We hope you found these updates insightful and exciting. Stay tuned for more news and developments in the fintech world. Keep innovating and exploring the future of finance with us. Until next time, stay informed and stay ahead in the fintech space. We will be covering more such updates on Financial Technology Insights.
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