- Company: Nuvei, a Canadian payments processor.
- New Hire: Gang Wang, former head of payment methods at Stripe, was appointed as CTO.
- Previous CTO: Max Attias, transitioning to CIO after nearly six years as CTO.
- Leadership Focus: Wang and Attias will collaborate to scale Nuvei’s technology and lay a foundation for future growth.
- Wang’s Experience:
- Deep knowledge of payments and software sectors.
- Held roles at Stripe since 2021, including head of financial data.
- Over 13 years at Intuit, culminating in VP engineering fellow.
- CEO’s Statement: Philip Fayer expressed confidence in Wang’s ability to enhance the technology team’s capabilities.
- Recent Developments:
- We have secured a major payment institution (MPI) license from the Monetary Authority of Singapore (MAS).
- The license allows merchant acquisition services and money transfers in a key region.
- Acquisition: Nuvei is being acquired by US private equity firm Advent International for $6.3 billion.
Former Stripe exec Gang Wang joins Nuvei as CTO
Hot this week
Blogs
Banking as a Service: Meaning, Examples, Benefits and Future
The push for open banking has led to a...
Blogs
Best fintech blogs and websites
Fintech (financial technology) has been an interesting part of...
Blogs
Is it worth investing in life insurance over 60?
Is it worth investing in life insurance over 60?
As...
Topics
Banking
Morgan Stanley buys stake in UK business payments start-up Sokin
Key Points:Acquisition Details:Morgan Stanley has acquired a...
Banking
New wealthtech start-up Waltz launches US real estate investment platform
Key Points:Launch Objective:Enable foreign investors to invest...
Banking
HSBC India partners with Open Financial Technologies to launch FinConnect for business clients
Key Points:Partnership Objective:Simplify payment processes for HSBC's...
Banking
FCA issues new guidelines to ensure cash access for consumers and small enterprises
Key Points:Objective:Ensure "reasonable access" to cash deposit...
Banking
Social trading app Shares set to exit UK market
Key Points:Market Exit:Shares is set to exit...
Banking
UniCredit set to acquire Aion Bank and BaaS provider Vodeno for €370 million
Key Points:Acquisition Agreement:UniCredit has signed a binding...
Banking
Kenya’s Diamond Trust Bank taps Network International for digital payment solutions
Summary of Diamond Trust Bank (DTB) and Network International...
Banking
Rabobank taps Zafin to upgrade pricing, billing and invoicing capabilities
Key Points:Partnership Announcement:Rabobank has partnered with Zafin,...