Company News

A study by the Federal Reserve has revealed trends in the adoption of digital, faster, and instant payment services among firms and consumers in the US.

Payments solutions provider Checkout.com has closed a $450m Series C funding round at a $15bn valuation, making it Europe's most valuable venture-backed FinTech.

Next Gate Tech, a provider of technologies for the financial services industry, has raised €8m in an investment round led by DB1 Ventures.

Digital identity startup Jumio has joined NICE Actimize’s X-Sight Marketplace, an ecosystem designed to assist in financial crime management.

Mobile-based auto insurance platform INSHUR has launched an in-house, technology-led, claims solution for UK customers.

FloodFlash, a leading provider of parametric flood insurance solutions, has recently launched its Dealer Open Lot program in response to the urgent need to support US businesses, particularly auto dealers, facing the looming threat of severe flooding during the upcoming hurricane season.

FinCEN has fined Capital One with a $390m civil money penalty for engaging in both wilful and negligent violations of the Bank Secrecy Act.

ERM, a pure-play sustainability consultancy, has partnered with climate accounting firm Persefoni to accelerate the path to net zero.  

By incorporating the Zelle banking app, Bank of America has already seen 163 million peer-to-peer (P2) client transactions in 2019. In 2018, 157 transactions were registered.

Calamu, a company that is building technology to help firms recover from ransomware attacks, has bagged $16.5m in funding.