Company News

Having only launched in April 2019, challenger bank Mercury has already raised a $20m Series A round to fuel its growth as it aims to support tech startups.

The banking industry experienced a 14% jump in attempted fraud in the first half of the year, compared to 2018.

With $42m extra in the bank, Beyond Pricing is set to scale its automated pricing offering for Airbnb and other vacation rental sites.

Pennsylvania-headquartered Altoona First Savings Bank has chosen FinTech and RegTech developer Computer Services, Inc. (CSI), to increase its operational efficiencies and strengthen its regulatory compliance initiatives related to cybersecurity and IT risk management.

Germany-based omni:us has been given €1.6m ($1.7m) by the European Commission to keep developing its machine-learning powered insurance claim platform.

The British FinTech unicorn Transferwise is going across the pond to offer its international payments technology to American customers.

HSBC has beefed up its financial crime detection system by deploying Quantexa’s contextual big data solutions.

Payments unicorn Revolut has taken another step to prepare for Brexit by picking BearingPoint RegTech’s Abacus360 Banking solution.

Moneyfarm has just announced the closure of a £36m Series C funding round as the WealthTech scaleup signs a partnership with Poste Italiane, the Italian postal and financial services firm.

Berlin-based venture capital firm Project A has raised a new $200m fund to keep backing n seed and Series A stage enterprises.