Financial Infrastructure Fintech Stripe Joins the MACH Alliance

MACH Alliance, a group of independent tech companies dedicated to advocating for open, best-of-breed technology ecosystems, announced that Stripe has joined the Alliance.

Stripe, which builds economic infrastructure for the internet, is “used by many of the world’s leading enterprises from Amazon to BigCommerce, Ford, Zara, Maersk and more.”

Casper Rasmussen, MACH Alliance president, said:

“Stripe serves as an excellent example of a company that’s built upon a modern technical infrastructure. They’ll be strong champions for the Alliance across their vast network of users and partners, which will influence broader embrace of MACH across the fintech category.”

Dorothy Copeland, global head of partnerships at Stripe, said:

“MACH Alliance is enhancing the online commerce space and is a leading standard for the industry. Becoming a member was an obvious choice—many existing Alliance members are already Stripe users and partners, which demonstrates the importance of this ecosystem to accelerate digital experiences.”

The internet economy is still nascent.

Traditional businesses are increasingly “coming online or expanding their digital presence—including through payments and financial operations.”

It is only with “a modern technology architecture that they can make the transition to the digital age.”

Organizations of all backgrounds “from startups, to digital natives, to traditional enterprises require MACH principals to grow.”

As found in MACH Alliance’s annual survey of global IT decision makers, the “inability to innovate is stifling competitiveness.”

A MACH architecture—”which stands for Microservices, API-first, Cloud-native SaaS and Headless—gives companies a deeper level of flexibility, allowing them to quickly deliver new features for customers.”

MACH Alliance members must “meet stringent certification standards and need to be in full compliance to be granted membership.”

As noted in the update, The MACH Alliance is “a [501(c)(6)] non-profit organization, governed by an independent board and does not endorse specific vendors, members or otherwise.”

The Alliance was “formed in June 2020 to help enterprise organizations navigate the complex modern technology landscape.”

It aims “to guide and show the business advantage of open tech ecosystems that are Microservices based, API-first, Cloud-native SaaS and Headless.”

All MACH Alliance members “meet certification principles that are published on the website.”

The MACH Alliance “welcomes technology companies and individual industry experts who share the same vision for the future.”

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