Sector Updates

Financial service firm TIAA is acquiring online lender EverBank for $2.5bn, as the firm seeks to build out its banking services.

The CEO of payment instalment startup Splitit has warned other buy now, pay later companies against trying to take advantage of vulnerable customers during the COVID-19 crisis.

ACI Worldwide, a provider of real-time payments software, will enable loan management software provider to digitise its bill payments and boost its customer experience.

Nordic countries are at the forefront when it comes to adopting cashless payment methods, recent research by Nets has found. 

Online subscription management company SaaSOptics has received a $5m Series A investment led by Fulcrum Equity Partners.

BNP Paribas Asset Management has formed a strategic partnership with CODE Investing, a SME lending platform.

The coronavirus has raised the risk of financial fraud across the world. Now, Featurespace, a Cambridge-based company that uses AI to detect fraud for banks and retailers, has listed the top ones to look out for right now.

The final rules of the EU’s Revised Payment Service Directive (PSD2) snap into action in September. Now Kaleyra, an in-mobile messaging service for banks and companies, and Epiphany, a RegTech startup specializing in PSD2 compliance have joined forces to ensure financial services businesses can comply with the changes.

We've been living through periods of extreme conditions for the past few years, with global pandemics, wildfires, flooding, ice storms, and the looming possibility of international conflict becoming alarmingly frequent. While we could easily brush these years off as a statistical anomaly, data analysis presents a starkly different narrative. It suggests that we are transitioning towards accepting these extremes as our new reality.

Miggo Security, an Israeli cybersecurity firm, today unveiled a successful seed funding round, raising $7.5m.