Big Data

UAE-based open innovation platform Fintech Galaxy has collected $2m in its seed round to support its goal of boosting financial inclusion in the Middle East and North Africa.

Clarifai, which helps firms improve customer experiences and onboarding, has collected $60m in its Series C round, which was led by New Enterprise Associates.

A recent blogpost by financial industry association Mobey Forum has examined how the movement to make finance more sustainable has changed the banking industry.

Finance officials from the G7 have endorsed 13 public policy principles for retail central bank digital currencies (CBDCs).

A report by open banking firm Yolt Technology Services (YTS) has found that up to 40% of banking customers across the continent are not currently using an open banking solution.

Research led by open banking platform Plaid has found the use and adoption of FinTech has reached mass scale in the UK, with up to 86% of consumers using it.

NerdWallet, a provider of financial guidance to consumers through a range of different tools, is set to go public after it filed an IPO.

Recent research by marketing firm Ello has found only one in five consumers believe that their bank values them as a customer.

AlgoDriven, which helps vehicle dealers, insurance firms and lenders to get the accurate prices for cars, has received $2m in its Series A funding round.

The Hong Kong Monetary Authority (HKMA) has begun the first steps of exploring a central bank digital currency (CBDC) with the release of a technical whitepaper.