Why AI development is crucial for business stability during the pandemic
Insurance companies looking to neglect their AI development in favour of business stability could see themselves “perish”, according to dacadoo president and CEO Peter Ohnemus.
BBVA and Spanish startup Multiverse team up for quantum technologies test
Spanish bank BBVA has run a proof-of-concept quantum technologies test together with Multiverse to see the innovative technology would boost investment portfolios' performance.
How AI development could benefit from the pandemic
Business stability is the priority for most businesses at the moment and you might think investing into R&D could impact the development of tools like AI. However, this might not explicitly be the case and AI could benefit from the situation.
Afterpay to enter southern European e-commerce market via Pagantis acquisition
Buy now, pay later company Afterpay will enter Europe through an an agreement with NBQ Corporate SLU to acquire Pagantis SAU and PMT Technology SLU.
FamaCash and Stably sign partnership
Digital financial service network FamaCash has inked a deal that will see the Stably Corporation provide development support for Fama's portfolio of financial service platforms.
The global challenger bank market to be valued at $471bn by 2027
The global neobank market is estimated to grow from $20.4bn in 2019 to reach $471bn by 2027, according to a ResearchAndMarkets.com' report.
Tandem Bank has acquired Allium Lending Group in a £60m deal
UK challenger bank Tandem Bank has acquired green lender Allium Lending Group as part of a £60m fundraising deal.
Billon nets £2m in funding from the UK Future Fund
The London and Warsaw-based FinTech Billon has topped up its accounts with a £2m cash injection supported by the Future Fund scheme, which matched the £1m invested by angel investors and VCs.
Open Payments secures €3m in seed funding round backed by Industrifonden
Swedish FinTech Open Payments has added €3m in a seed round and will use the cash injection to grow its team and its reach across the European market.
Challenger bank Zopa launches savings accounts
Hot on the heels of getting its banking licence in June, neobank Zopa is now launching a savings accounts.
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