Softbank to launch new global digital payments system?
Japanese technology giant Softbank is planning to create a global digital payments system that could rival giants such as PayPal, according to reports. The tech firm will lead a consortium back by some of the world’s biggest banks. Under the plan, Softbank could acquire a large financial software business as a springboard to rolling out the new system.
Entering the global finance industry is seen as a key strategic objective of many of the world’s technology giants.
Softbank is rumoured to have been circling Swiss firm Temenos, a firm that provides software to the majority of the world’s top financial institutions. Shares in Temenos jumped 20 per cent amid reports, which were later denied. But market sources were reported as saying another mammoth deal was in Softbank’s pipeline.
Source: cityam.com
Anders Olofsson – former Head of Payments Finastra
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
