DreamQuark raises €3m funding round led by CapHorn
AI solution for banks and insurers DreamQuark has raised a €3m funding round led by CapHorn, with US accelerator Plug & Play also participating.
Information Resource picks up private equity funding from Vestar
Information Resources, a data and analytics business used by financial services clients, has picked up another private equity backer thanks to an investment from Vestar Capital Partners.
FCA and Bank of England propose changes to improve data and analytics
The Financial Conduct Authority (FCA) and the Bank of England has revealed plans to enhance its data and analytics capabilities to enhance monitoring of the UK’s financial sector.
Largest US pipeline operations halted following ransomware attack
Operations at the Colonial Pipeline have been brought to a standstill following a ransomware cyberattack that affected some of its IT systems.
Tred, Nium partner to launch sustainable debit card
UK FinTech Tred has teamed with B2B payments firm Nium to be the card-issuer for its new sustainable green debit card.
ECB: Digital euro will be a complement to cash, not a replacement
European Central Bank (ECB) executive board member Fabio Panetta has claimed that despite the growth in digital currency, there is still a huge demand for physical cash.
Rapyd to acquire payments firm Valitor for $100m
US payments network Rapyd is set to purchase Icelandic company Valitor from Arion Bank in a $100m deal.
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.
Majority of bankers see customer experience, not products as future of banking
A report published by Temenos has found four in five bankers believe financial institutions will look to discern themselves on customer experience rather than products or services.
UK-based FinTech company ABAKA scores backing
London-based ABAKA, which offers an AI-recommendation engine and digital retirement solutions, has received an investment round to bolster its research and development.
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