Sector Updates

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P2P lender Zopa raises £32m to launch bank

UK peer-to-peer (P2P) lender Zopa has raised £32m in a new funding round to finance the launch of its retail banking service.
fintech insurtech wealthtech regtech ai cybertech esg news

HR and payroll platform Namely adds $50m to Series D round

SaaS HR firm Namely is adding another $50m to its Series D bringing the round’s total to $80m. The investment was led by Altimeter Capital and Scale Venture Partners.
fintech insurtech wealthtech regtech ai cybertech esg news

Corlytics picks up €2.1m to help banks avoid fines

Irish financial risk intelligence company Corlytics has picked up €2.1m in a new round led by the Bank of Ireland Capital Growth Fund, which is managed by Kernel Capital.
fintech insurtech wealthtech regtech ai cybertech esg news

Atom Bank grabs £113m more funding from BBVA and investors

Spanish banking giant BBVA is further increasing its stake in Durham, UK-based challenger bank Atom Bank as part of the company’s new £250m round.
fintech insurtech wealthtech regtech ai cybertech esg news

BitPagos rebrands to Ripio on back of $2.3m round

Argentinian bitcoin startup BitPagos has raised $2.3m in a Series A round led by recently-established Chinese blockchain fund Huiyin Blockchain Venture (HBV).
fintech insurtech wealthtech regtech ai cybertech esg news

Monese grabs $10m to help migrants open bank accounts

London-based mobile banking startup aimed at migrants Monese has picked up $10m in a Series A round.
fintech insurtech wealthtech regtech ai cybertech esg news

Zoopla buys automated valuation firm Hometrack for £120m

Online property marketplace Zoopla has acquired residential property data analytics firm Hometrack for £120m. Hometrack’s technology is designed to create automated valuation models (AVM) for properties.
fintech insurtech wealthtech regtech ai cybertech esg news

Qvivr picks up $5m to move beyond smart cards

Silicon Valley-based payments startup Qvivr has raised $5m in a Series A round led by Khosla Ventures.

Tiger Brokers snaps up $29m for online trading platform

Chinese online brokerage Tiger Brokers has picked up $29m in a Series B round from Citic GoldStone Fund Management and Huagai Capital.

Kapilendo pockets ?7m for crowdfunding platform

German crowdfunding platform Kapilendo has raised ?7m in a Series B round of funding led by the pension fund for the Berlin Chamber of Dentists.

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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