Big Data

Financial services and retail-focused data analytics business ActiveViam has picked up the first outside capital in its 15-year history through a minority investment from Guidepost Growth Equity.

RavenPack, a data analytics platform for financial institutions, has scored $10m in funding from technology advisory and investment firm GP Bullhound.

Ireland-based Glantus, a global provider of financial automation and data intelligence solutions, has acquired JPD Financial, which fashions itself as the industry leader in vendor credit recovery services, a term it has trademarked.

Senso, an AI platform helping financial institutions improve client retention, has reportedly bagged $3m in its pre-Series A round.

Ilumoni, an AI-powered borrowing insights app, has netted $450,000 in its pre-seed round, which was backed by Move Ventures.

Payments juggernaut PayPal has strengthened its partnership with Google Cloud to help it process transactional data at a larger scale.

UK RegTech firm SteelEye has launched a suite of communication compliance tools to help financial companies access record-keeping and oversight tools.

A blogpost by data science and behaviour change firm Sentiance has highlighted the growing importance of hyper-personalization in the retail banking sector.

As dangers associated with climate change continue to become more inescapable in the lives of companies and individuals alike, the importance and need for ESG – Environmental, Social and Governance – in the financial sector is growing stronger. Is it time for globally mandated ESG reporting in the financial sector?

Compliance Solutions Strategies (CSS) has expanded its collaboration with legal firm aosphere to integrate the latter’s market data services with CSS’ investment monitoring platform.