Banking Infrastructure

30 FinTech rounds from last week you cannot afford to miss

What do the 30 FinTech funding rounds from last week tell us about the state of the industry?

Former Amazon and American Express veteran joins TrueLayer as chief product officer

Financial infrastructure company TrueLayer has strengthened its leadership team by hiring former Amazon executive and American Express product leader Ossama Soliman its first chief product officer.

Investment technology developer DriveWealth closes Series C round on $56.7m

Digital trading technology platform DriveWealth has closed its Series C round $56.7m, which will help it to make strategic acquisitions.

Finmark scores $5m in oversubscribed seed round

Financial modelling software developer Finmark has scored $5m in its oversubscribed seed funding round.

Bahrain opens new FinTech lab FinHub 973 to boost the sector in the region

The Central Bank of Bahrain has launched the first FinTech lab in the region – FinHub 973.

Curve Brexit-proofs its EEA access with new Lithuanian branch

Curve has taken a page from Revolut's playbook by setting up a subsidiary in Lithuania in an effort to ensure access to the EU after Brexit.

Nordic challenger banks and cybersecurity firms were among the 33 FinTech rounds raised last...

These 33 FinTech funding rounds from last week highlight the rise of Scandi challenger banks, the importance of cybersecurity and how competition in the buy now, pay later space is heating up.

Automation FinTech Hyperscience closes its second series round of 2020

Automation software developer Hyperscience has closed its Series D round on $80m to take advantage of on its three-times year-over-year growth.

Accenture to invest $3bn over the next three years to fuel FinTech migration to...

Tech giant Accenture has announced plans to invest $3bn over the next three years to fuel migration to the cloud for its banking and financial services partners.

Clunky identity verification and AML practices hold back banks from winning at online banking

Even though the coronavirus pandemic has made digital banking a must-have for banks, many of these financial institutions risk losing customers because of their clunky onboarding practices, according to a new FICO survey.

News Stories

UK

UK urged to accelerate ISSB adoption for stronger climate finance

The UK government has been urged to mandate corporate reporting in accordance with the International Sustainability Standards Board (ISSB) Standards. According to Envrionmental Finance,...
Markel has partnered with mea Platform to enhance the accuracy of its underwriting procedure by utilising Machine Learning (ML).

Markel partners with mea to boost underwriting procedure with machine learning

Markel has partnered with mea Platform to enhance underwriting process in international wholesale operations.

Scope 3 emissions pose significant financial risks, warns BCG and CDP report

Most companies and investors are not yet measuring and targeting reductions in Scope 3 value chain emissions, leading to significant overlooked and unreported financial risks in their supply chains, according to a new report released by BCG and environmental disclosure system CDP.
Martello Re Limited, an asset-intensive reinsurer, has successfully closed a second round of equity funding, raising $935m from both existing and new shareholders.

Asset-intensive reinsurer Martello Re secures $935m in equity funding round

Martello Re Limited, an asset-intensive reinsurer, has successfully closed a second round of equity funding, raising $935m from both existing and new shareholders.
Carbon Underwriting Limited, a specialist and independent managing general underwriter, announces the launch of its second syndicate, Syndicate 5757, following approval from Lloyd’s.

Carbon Underwriting launches innovative Syndicate 5757 with Lloyd’s approval

Carbon Underwriting Limited, a specialist and independent managing general underwriter, announces the launch of its second syndicate, Syndicate 5757, following approval from Lloyd’s.

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