Bank of America's Game-Changing Move.

What we’ll cover today:

🚀 Bank of America Takes a Bold Leap!

👀 The Finance Play I Didn't Expected - Simon Taylor

💡 Advice You Need to Hear.

🔗 The Event Roundup.

Bank of America Takes a Bold Leap!

Bank of America is stirring excitement with a significant organisational change: it is merging its FinTech and technology teams better to navigate the converging worlds of finance and technology.

Key Highlights:

• Strategic Integration: The merger is a reshuffle and a strategic integration of 250 top-tier experts from both sectors.

• Visionary Leadership: Spearheaded by Kevin Brunner, newly appointed as the global head of technology and mergers, who believes that "FinTech payments and software are bound to intersect."

• Anticipation in the Market: With the industry buzzing about potential IPOs and big deals post-U.S. elections, this move positions Bank of America to capitalise on expected shifts in the financial landscape.

This strategic merger promises to set a new standard for innovation in the financial sector.

Here’s the whole article

1. The Best Way to Grow the Web3 User Base.

Simon Taylor is a well-known figure in the fintech industry, particularly for his expertise in blockchain technology and fintech.

Taylor is also known for hosting the Fintech Insider podcast, where he discusses various topics related to financial technology with other experts in the field.

This is a thread from Simon, giving his views on: Brex and Navan’s partnership to embed Brex virtual cards in the Navan user experience.

Here’s The Whole Tweet

2. Advice You Need to Hear.

This is a tweet from Alex Michael.

Alex Michael is the Co-Founder of Parfin.io, works at Rayls Labs, and is recognised as a crypto OG, coder, entrepreneur, and angel investor.

This tweet is advice from Alex that he wants to circulate when people put their foot into newer industries.

Here’s The Tweet

1. Stripe in Advanced Talks to Acquire Stablecoin-Focused Fintech Platform Bridge.

Stripe Inc., the payments company founded by billionaire brothers Patrick and John Collison, is in advanced talks to acquire venture-backed fintech platform Bridge.

Stripe has been in talks to acquire the San Antonio, Texas-based company, according to people familiar with the discussions who asked not to be identified sharing private information.

2. Y Combinator-Backed Fintech CapWay Has Shut Down.

According to its founder, Sheena Allen, CapWay, a Y Combinator-backed fintech that sought to bring financial services to those in so-called “banking deserts,” has been shut down. 

Allen wrote about it on LinkedIn and confirmed it with TechCrunch.

“I am proud of the work we were able to accomplish, but honestly disappointed that we couldn’t complete the mission,” she wrote.

3. BIS Introduces Project Aperta for Secure Cross-Border Data Sharing in Finance.

The Bank for International Settlements (BIS) has launched Project Aperta, an initiative to improve open finance interoperability, reduce frictions, and cut costs in global finance.

The project focuses on connecting different jurisdictions' domestic open finance infrastructures, enabling secure, encrypted data sharing via APIs.