Confidence in banks and bank branches remains high in the UK
A recent bi-annual study by Toluna has found that a majority of UK consumers still have strong confidence in banks and see bank branches as playing an important role.
AI developer for finance Altada nets $11.5m ahead of major team expansion
Altada Technology Solutions, an AI solution that aims to help financial services bolster their operational efficiencies, has collected $11.5m in funding.
Complicated processes thwarting consumers from switching pension providers
A recent study by online pension provider PensionBee has found that convoluted processes and putting people off switching pension providers.
Communities of colour found to be more likely to suffer cyberattacks
A survey by internet security firm Malwarebytes has found that black, indigenous and people of colour (BIPOC) are more likely to suffer from identity theft.
Investment advice technology MDOTM secures Series B funding
MDOTM, which designs AI-powered investment strategies, has closed its Series B funding round on €6.2m.
eToro boosts investor exposure to diverse assets with DeFi portfolio launch
Investment platform eToro has unveiled a decentralised finance (DeFi) portfolio to offer investors long-term exposure to key projects in the DeFi ecosystem.
Ocrolus reels in $80m from QED Investors-backed Series C
Ocrolus has secured $80m in a Series C funding round led by Fin VC to help the firm scale its financial services document automation solution.
Doconomy raises $17m to continue its mission of helping banks reduce environmental impact
Doconomy, which provides data tools to help banks and other financial services to understand their environmental impact and reduct it, has closed a $17m funding round.
UK customers are changing banks due to poor complaints handling processes
Research by global software firm Nuix has found that UK customers are leaving their banks due to complaint mishandlings during the pandemic.
Deutsche Bank set to snap up Better Payment to widen PayTech market share
Deutsche Bank is to acquire payment service provider Better Payment with the aim of expanding its market share in payment processing and acceptance.
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