Topic

#digital banking

2 articles found

Erebor Bank Eyes $8 Billion Valuation Amid Rapid Growth

A bank that barely existed a year ago is now chasing a valuation most European lenders can only dream of. Erebor was founded by Anduril’s Palmer Luckey and backed by Peter Thiel. It is in talks to raise at a valuation of at least $8bn, and its deposits have almost quadrupled in three months. That […

#erebor bank#palmer luckey#fintech#digital banking#india

· · The Next Web

OCBC Boosts Tech Spending to $771M, Embraces AI Strategy

CBC plans to raise its annual technology spending to more than $771mn, according to Bloomberg, as Singapore’s second-largest lender leans harder into AI and digital banking. The increase marks one of the first strategic signals from Tan Teck Long, who took over as group chief executive on 1 January

#ocbc#ai#digital banking#tech investment#financial technology