Company News

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.

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.

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.

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.

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 neobank market is estimated to grow from $20.4bn in 2019 to reach $471bn by 2027, according to a ResearchAndMarkets.com' report.

UK challenger bank Tandem Bank has acquired green lender Allium Lending Group as part of a £60m fundraising deal.

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.

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.

Hot on the heels of getting its banking licence in June, neobank Zopa is now launching a savings accounts.