FinTech News

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St. Louis VC Cultivation Capital takes $20m for FinTech fund

Cultivation Capital has raised $20.5m for its new FinTech-dedicated fund, according to an SEC filing.
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Thompson Reuters joins R3 Blockchain Consortium

Thompson Reuters is the latest company to join a consortium of institutions, headed up by New York fintech firm R3, dedicated to developing use cases for the blockchain technology in financial markets.
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TransferWise gains direct access to the UK’s Faster Payments Services

London-based remittance startup TransferWise is gaining access to the UK's Fast Payments Service (FPS), through a technical partnership with Raphaels Bank.
fintech insurtech wealthtech regtech ai cybertech esg news

TransferWise gains direct access to the UK’s Faster Payments Service

London-based remittance startup TransferWise is gaining access to the UK’s Fast Payments Service (FPS), through a technical partnership with Raphaels Bank.

Mobile fraud startup InAuth collects $29.9m

InAuth, a provider of mobile fraud prevention and mobile application security, has raised more-than $29.9m in funding.
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Cross River receives $28m growth equity funding

Banking innovator Cross River Bank has bagged a $28m growth investment from investment firms Battery Ventures, Andreessen Horowitz and Ribbit Capital.Battery led the round...
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Boku adds $13.7m for bigger carrier bills

Carrier billing company Boku has raised $13.7m in new venture funding. The round was led by a consortium of UK investors, including angels Andrew Black and Robert Markwick.

Pindrop lands $75m in Series C funding round

Pindrop, which uses audio analysis to provide anti-fraud and authentication technology solutions, has raised $75m in a round led by Google Capital.
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Crowdfunded Pebble will sell to Fitbit for just $40m

Crowdfunded smartwatch-maker Pebble is being acquired by fitness tracker Fitbit for as little as $40m. In total the company raised more than $43m through crowdfunding.
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Cringle reels in €800k in crowdfunding round

German peer-to-peer money transfer app Cringle has surpassed its €400,000 goal to reach a final close of €800,000 on crowdfunding site Companisto.

News Stories

Palm secures $6.1m seed funding to enhance enterprise treasury management

Palm secures $6.1m seed funding to enhance enterprise treasury management

Palm, a financial technology firm based in Sweden and the Netherlands, has recently announced a significant milestone in its journey.
MidWestOne Bank enhances digital customer onboarding with Temenos SaaS on AWS

MidWestOne Bank enhances digital customer onboarding with Temenos SaaS on AWS

MidWestOne Bank, headquartered in Iowa and servicing around 140,000 customers across four states, has successfully implemented Temenos Digital Onboarding as Software as a Service (SaaS) on Amazon Web Services (AWS).
Consumer Duty

One year on: How has Consumer Duty impacted the industry?

On July 31 last year, the long-awaited Consumer Duty legislation came into effect in the UK, following months of preparation and industry attention.
Six ways tech is revolutionising M&A for insurers

Six ways tech is revolutionising M&A for insurers

Mergers and acquisitions (M&A) have long been pivotal strategies for growth within the insurance sector, enabling firms to expand their market presence, enter new territories, and secure competitive advantages.
video

What are the main concerns financial institutions should have around using AI?

As financial institutions look to increase their adoption of artificial intelligence (AI), they need to ensure they are able to trust the technology. These AI tools can have gain access to sensitive data and if the correct measures are not implemented, can cause a myriad of problems. 

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