Infrastructure & Enterprise Software

Hatton enhances wealth management offering with Quantvex buy

Hatton Consulting has purchased Quantvex, a venture-backed technology startup focused on digital engagement for the wealth management industry.

Billing automation service Ordway scores $2.5m in funding

Billing and automation platform Ordway has scored $2.5m in its latest growth round of funding.

ONPEX launches its banking-as-a-service solution

ONPEX, an international bank account number (IBAN) provider, has launched its cloud-based banking-as-a-service (BaaS) platform.

Financial services, regulated industries comms software company Messagepoint gets NewSpring backing

Financial services, insurance and other regulated industries-focused software provider Messagepoint has received a boost thanks to backing from buyout, growth and mezzanine investor NewSpring.

Kleiner Perkins seals $600m for first fund since big personnel changes at top

Storied venture capital house Kleiner Perkins has raised $600m for its first fund since a series of wholesale personnel changes at the top of the firm.

Swedish unicorn Klarna becomes valued at $5.5bn after raising a $460m equity round

Klarna, the payment and banking company, has raised $460m in a new equity funding round, which has pushed its valuation past the $5.5bn mark and makes it Europe’s largest FinTech enterprise.

Deposit Solutions becomes Germany’s second most valuable FinTech unicorn after achieving a $1.1bn valuation

Deutsche Bank has bought a 4.9% stake in open banking startup Deposit Solutions for €50m ($55.2m), making it Germany’s second most valuable FinTech enterprise.

Why has Rapyd raised another $20m on the back of its $100m Series C...

London-based Rapyd, the FinTech unicorn, has bagged $20m in a new investment round less than two months after a massive Series C round.

Envoy said to raise $13.5m in funding

Envoy, a blockchain-powered trade finance platform, has reportedly raised $13.5m investment from Alcedo Digital Ventures.

KYND provides free cyber risks reports to businesses fighting cyber criminals during the coronavirus...

Cybersecurity firm KYND has become the latest company to provide its services for free to help others through the coronavirus crisis.

News Stories

Duck Creek Technologies, an intelligent solutions provider reshaping the future of property and casualty (P&C) insurance, has acquired Risk Control Technologies (RCT), in a bid to revolutionise how insurance carriers manage risk and prevent loss.

Duck Creek Technologies expands capabilities with acquisition of Risk Control Technologies

Duck Creek Technologies, an intelligent solutions provider reshaping the future of property and casualty (P&C) insurance, has acquired Risk Control Technologies (RCT) in a bid...
Akur8, the next-generation insurance pricing and reserving platform, has been selected by RSM to enhance its insurance pricing process.

Akur8 selected by RSM to bolster its insurance pricing process

Akur8, the next-generation insurance pricing and reserving platform, has been selected by RSM to enhance its insurance pricing process. The partnership is aimed at enabling...
TD

TD Bank faces $3bn fine for historic AML compliance failures

TD Bank has been slapped with a staggering $3bn fine after admitting to breaches of US anti-money laundering regulations.
Amwins has partnered with Floodbase to create a new municipal flood insurance program aimed at addressing the growing financial risk posed by atmospheric river flooding to municipalities in California.

Amwins and Floodbase partner to launch parametric flood insurance for California municipalities

Amwins has partnered with Floodbase to create a new municipal flood insurance program aimed at addressing the growing financial risk posed by atmospheric river...
UK

TWG publishes AI deployment blueprint for UK’s investment management sector

The Technology Working Group, chaired by Michelle Scrimgeour and supported by the Investment Association, has unveiled its third and final report titled "Intelligent Investment: AI Deployment Strategies for UK Investment Management Firms."

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