22 June 2017
visit http://events.sap.com/gb/fsi-forum-2017/en/home

Visa bids to strengthen Silicon Valley ties with new Palo Alto site

08 February 2017  |  14795 views  |  0 visa palo alto

Stressing its technology credentials, Visa has opened a massive new office in Silicon Valley to house its data and research teams.

The 62,000 square foot site in Palo Alto will serve as an "epicenter for technologists, academics and global thinkers", housing the firm's data, network processing and loyalty and offers teams.

It will also be home to Visa Research, a new organisation within Visa focusing on the scientific foundations of technologies such as blockchain, cryptography, artificial intelligence and deep machine learning.

Al Kelly, CEO, Visa, says: "Everything we do begins and ends with our technology and talent. It’s the only way we can continue to lead in the payments industry, which is moving at lightning-speed. The new Palo Alto office is part of Visa’s effort to attract and retain the best people, and to foster collaboration with the organisations based in Silicon Valley."

This means partnering with organisations focused on advancing STEM education in the Bay Area, and a number of companies and non-profits providing technology resources and education for underrepresented groups in the tech industry.

As it seeks to keep its place at the top table of payments in the rapidly evolving digital and mobile era, Visa has been busy opening new facilities around the world in the last year. The firm has set up a technology development centre in Bangalore and innovation centres in Dubai, Miami, San Francisco, and Singapore.

Another innovation centre will officially open in London later this month. Based at Visa's European headquarters at Sheldon Square, it is designed for the card firm and its partners in banking, retail and technology to work together on new ways to integrate payments into the consumer experience.

The space features a variety of daily interactions such as the Internet of Things, blockchain, AI, robotics and mobile payments and workspace where Visa and its partners can collaborate side-by-side.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Visa and Mastercard strike wallet tokenisation deal

Visa and Mastercard strike wallet tokenisation deal

15 December 2016  |  13298 views  |  1 comments | 31 tweets | 37 linkedin
Visa to run fintech bootcamp for African startups

Visa to run fintech bootcamp for African startups

08 December 2016  |  10698 views  |  0 comments | 14 tweets | 5 linkedin
Visa to open new Silicon Valley office

Visa to open new Silicon Valley office

25 July 2016  |  4294 views  |  0 comments | 5 tweets | 3 linkedin
As Silicon Valley influence grows, JPMorgan loosens dress code

As Silicon Valley influence grows, JPMorgan loosens dress code

03 June 2016  |  9368 views  |  1 comments | 16 tweets | 11 linkedin
Visa opens first Asian innovation centre

Visa opens first Asian innovation centre

28 April 2016  |  7837 views  |  0 comments | 13 tweets | 7 linkedin
Visa opens up to developers

Visa opens up to developers

04 February 2016  |  14892 views  |  4 comments | 27 tweets | 44 linkedin
Visa opens development centre in India; preps new m-payment service

Visa opens development centre in India; preps new m-payment service

05 August 2015  |  9373 views  |  0 comments | 13 tweets | 6 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit dh.comvisit www.response.ncr.comvisit www.events.sap.com

Top topics

Most viewed Most shared
Santander's Openbank relaunched as 100% digital bankSantander's Openbank relaunched as 100% di...
15762 views comments | 48 tweets | 61 linkedin
Worldpay pilots app-only mPOS for small retailersWorldpay pilots app-only mPOS for small re...
8254 views comments | 17 tweets | 26 linkedin
Live: EBAday 2017, day twoLive: EBAday 2017, day two
7641 views comments | 4 tweets | 5 linkedin
UK banks will need to change one million sort codes under ring-fencing rulesUK banks will need to change one million s...
7248 views comments | 8 tweets | 25 linkedin
Live: EBAday 2017, day oneLive: EBAday 2017, day one
7063 views comments | 3 tweets | 4 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job