Company News

Operations at the Colonial Pipeline have been brought to a standstill following a ransomware cyberattack that affected some of its IT systems.

Canadian payments company Nuvei has agreed a $250m deal to acquire Israeli FinTech enterprise Simplex.

Cloud-based financial solutions developer InvestCloud has acquired Advicent, a provider of cash flow, trust and tax financial planning.

Business-to-business (B2B) payments network CoreChain Technologies has secured $1.25m from a pre-seed funding round.

California-based IT and security management solutions provider Syxsense has secured $6m in a funding round.

UK-based FinTech Revolut has introduced new features for users which enable them to transfer funds from Bitcoin holdings to their own digital wallets.

Digital claims management software developer Snapsheet has established a strategic partnership with tier one reinsurance firm SCOR.

As digitalisation continues to be a priority for firms, they are looking at their customer communication management technology as a critical piece of their infrastructure, according to Doxim vice president of sales, financial services Scott Biel.

Sports apparel company Under Armour has settled with the Securities and Exchange Commission (SEC) and agreed to pay $9m in fines related to misleading its revenue growth to investors from the third quarter of 2015 through the fourth quarter of 2016.

Banking-as-a-Service platform Railsbank and Plaid have joined forces enabling companies in the UK to instantly accept bank payments within their app or website.