Infrastructure & Enterprise Software

TrueLayer unveils Verification API to simplify onboarding process

UK open banking platform TrueLayer has launched a new Verification API to make the onboarding process for its customers easier.

Quantexa unveils latest version of risk detection tool to aid financial crime fight

Data and analytics software company Quantexa has introduced the latest updated version of its contextual monitoring and investigations solution Quantexa Syneo

Rapyd snares $300m Series E to accelerate growth and acquisitions

US payments network Rapyd has secured $300m from a Series E funding round led by Target Global.

Neobank FloBiz seeks expansion following Sequoia-led Series B

Flobiz, an Indian neobank for small-and-medium sized businesses in India, has secured $31m in funding from a Series B round.

Mark Cuban-backed Otto scores $4.5m seed financing

Texas-based Otto has raised $4.5m from a seed funding round led by venture capital firm Uncommon.

Visa deepens Deserve partnership with new strategic investment

Credit card business Deserve has secured an undisclosed strategic investment from Visa as the former seeks to expand access to its credit-card-as-a-service solution.

ecolytiq joins forces with Tink for green banking

Stockholm-based open banking platform Tink has partnered with sustainability-as-a-service provider ecolytiq to provide banks, financial institutions and FinTechs with green banking solutions. The partnership will...

Nationwide hit with another payment outage

Nationwide Building Society has temporarily suspended inbound payments due to extremely high volumes of transactions on the first working day of the year, as revealed on Downdetector.

Tuum lands €15m from Portage Ventures-led Series A

Core banking platform Tuum has scored €15m in a Series A round of funding, with Portage Ventures leading the round.

Pocket money app for kids, Junio, lands $6m

Digital payments firm Junio, which focuses on managing children’s pocket money, has raised $6m in a pre-Series A funding round.

News Stories

Validata and Temenos enhance bank reconciliation with extended technology partnership

Validata and Temenos enhance bank reconciliation with extended technology partnership

Validata, a leading provider in AI-driven reconciliation and data management tools, has partnered with Temenos, a banking software developer. 

Corpay boosts market presence with strategic Paymerang acquisition

Corpay, which offers corporate payments, has officially announced its intent to acquire Paymerang, a top provider of accounts payable automation solutions.
Canadian sustainable fixed income funds excel in early 2024

Canadian sustainable fixed income funds excel in early 2024

Canadian sustainable fixed income funds have made a robust start to the year, with the Morningstar Canada Sustainable Fund Landscape for Q1 2024 reporting an impressive $193.3m in inflows.
Pomelo and Thunes innovate cross-border finance with new digital wallet solution

Pomelo and Thunes innovate cross-border finance with new digital wallet solution

Bloomberg today unveiled a groundbreaking tool on the Bloomberg Terminal that enables investors to scrutinize portfolios, funds, and indices through sustainability thresholds tailored by the users themselves.
“The top 10 banks for AI talent currently account for 51% of the overall banking industry talent pool—a huge advantage when it comes to AI adoption. This concentration of AI talent has real consequences. If the banks that lag behind cannot close the gap, the race to implement AI will become an uphill struggle.”

US banks are surpassing European counterparts in AI talent growth

In the past six months, the world's foremost banks have expanded their AI talent by 9%, a rate that doubles their overall headcount growth, according to a survey from Evident.

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