Teciem, a newly formed financial technology company specialising in treasury and capital markets software, has officially launched following the completion of its acquisition from Finastra by the Apax Funds. The launch coincides with the Apax Funds completing the purchase of Finastra’s Treasury and Capital Markets (TCM) division. As part of the transaction, Apax is committing investment to support Teciem as...

Dext, a bookkeeping automation platform for accountants, bookkeepers and businesses, has launched Payments, a fully integrated solution designed to allow users to manage, approve and make payments directly within the Dext platform.

Propy, a technology company using AI and blockchain to automate real estate closings, has secured a $100m credit facility to accelerate its vision of building an AI-powered, end-to-end real estate transaction platform across the United States. The $100m facility has been provided by Metropolitan Partners Group, a private investment firm specialising in growth and situational capital for small and mid-sized...

Talos, a provider of institutional digital asset infrastructure, technology and data, has extended its Series B funding round with a $45m strategic raise, bringing the total size of the round to $150m and pushing its post-money valuation to approximately $1.5bn. The Series B extension includes new strategic investors Robinhood Markets, Sony Innovation Fund, IMC, QCP and Karatage, alongside returning backers...

Wonder, a Hong Kong-based FinTech and payments platform for merchants across Asia Pacific, has secured new venture debt financing to support its regional growth, product development and instant settlement capabilities. The company has raised $12m in multi-year venture debt from HSBC Innovation Banking in Hong Kong. The capital will be used to accelerate Wonder’s expansion across the Asia Pacific region,...

Risk no longer halts at the edge of the organisation. As businesses rely more heavily on third-parties, cloud providers, data partners and complex supply chains, their exposure increasingly lies beyond what they directly control. From regulatory accountability to reputational fallout, weaknesses in the wider ecosystem can quickly become a company's own problem. For Alan Ludden, information security manager at Corlytics,...

The idea that a Valentine’s Day gift could play a role in financial crime still feels counter-intuitive to many consumers. Yet prepaid vouchers and digital experiences have quietly evolved into a convenient mechanism for criminals looking to move illicit funds. According to RelyComply, what were once innocent tokens of affection now sit at the centre of increasingly sophisticated laundering and...

AXA Hong Kong and Macau, a leading global insurer, has launched Quest by AXA, a new AI-powered advisory platform designed to support financial consultants in delivering clearer, more consistent and insight-led financial and insurance guidance to customers. The move is driven by growing complexity in financial markets and rising customer expectations for personalised, transparent advice, according to FF News.  By equipping...

Incard, a London-based financial platform for high-growth digital companies, has closed a new funding round on £10m.  The company has raised £10m in Series A funding led by Smartfin, with participation from Founders Capital, MountFund and a group of angel investors, said TechEU. Incard was set up to tackle what it sees as a persistent problem for founders: managing cash flow,...

LexisNexis Risk Solutions, a global data analytics company, has announced the availability of LexisNexis IDVerse for Insurance, a new AI-powered document authentication and identity verification solution. The launch comes as insurers face mounting pressure from increasingly sophisticated fraud driven by generative AI and deepfake technologies, according to FF News. With losses from AI-enabled fraud expected to reach $40bn by 2027,...