Company News

Machine learning will offer huge opportunities for financial services

Innovative machine learning can be a boon for financial services, if they can get over the hype.

Atom Finance closes $10.6m funding round led by General Catalyst

Brooklyn-based investment platform Atom Finance has bagged $10.6m in a Series A round led by General Catalyst, the venture capital firm.

Carl Warren & Company to integrate InsurTech ACD’s solutions

Claims-management tech firm ACD’s technology is helping third-party administrator Carl Warren & Company manage and streamline the company’s national physical damage appraisal process.

NoBroker bags $50m in Series D investment round led by Tiger Global

Indian PropTech startup NoBroker has raised $50m in its Series D investment round to scale its business.

Recurly closes $19.5m funding round led by F-Prime Capital

The California-based subscription billing platform Recurly has closed a new funding round led by F-Prime Capital, the venture capital firm.

Switzerland’s financial regulator is more worried about the “dark corner” of cryptocurrencies than about...

Many legal stakeholders have worried about Facebook’s new cryptocurrency project. However, it is not a Swiss watchdog’s biggest concern.

Backbase opens Dubai office help Middle-Eastern banks become digital

Amsterdam-based digital bank software provider, Backbase is opening a Dubai office to offer banks in the Middle East more opportunities to go digital.

Russian nuclear scientist fined $7,000 for using a super computer in a top secret...

A Russian nuclear scientist has been fined for using one of the country’s most powerful super computers, located in a top secret lab, to mine bitcoin.

Rapyd could be nearing “unicorn territory” after bagging $100m in Series C investment round

Payments company Rapyd has secured a $100m Series C funding round led by Oak HC/FT, the healthcare and FinTech investor.

Funderbeam secures licence to operate in Singapore

Funderbeam, the funding and trading platform, has made a huge step towards entering the Asian market by getting a licence to operate as a financial services company in Singapore.

News Stories

Ivans, a leading provider of software solutions for the insurance industry, has announced the expansion of commercial lines supported on its Ivans Distribution Platform.

Ivans introduces comprehensive commercial policy support on Ivans Distribution Platform

Ivans, a leading provider of software solutions for the insurance industry, has announced the expansion of commercial lines supported on its Ivans Distribution Platform.
entity

How entity verification shapes AI deployment in risk management

Moody's has unveiled findings in their recent study, indicating that Entity Verification is crucial for improving AI accuracy in risk and compliance sectors.
scam

June’s spike in impersonation scams costs Singaporeans $10.6m

In June, Singapore witnessed a significant rise in impersonation scams, with fraudsters swindling $10.6m from 63 victims. According to Finextra Research, these sophisticated scams...
Meta

Meta agrees to record $1.4bn settlement in Texas privacy case

Meta has consented to a $1.4bn settlement with Texas, marking the largest settlement secured by a single state for privacy violations.

Layer2 Financial secures $10.7m for global payments innovation

Layer2 Financial, a regulated payments infrastructure company, is making headlines with its latest funding achievement.

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