Partior, a blockchain fintech for real-time clearing and settlement, has completed its Series B funding round, raising a substantial $80m. This round saw significant participation from a consortium of investors including Deutsche Bank, which joined as a strategic investor, alongside other notable entities such as Peak XV Partners, J.P. Morgan, Jump Trading Group, Standard Chartered, Temasek, and Valor Capital...

Customer classification plays a pivotal role in the AML strategies of businesses, especially within banking, finance, and gaming sectors. According to Alessa, customer-type ratings categorize individuals and entities by risk potential, considering their business nature, financial history, and relationship duration with the financial institution. For instance, an individual with stable employment and regular transactions is deemed low risk, while...

Arthur J. Gallagher & Co., a global leader in insurance brokerage and risk management, has acquired Shepard Insurance Group. The acquisition strengthens Gallagher’s position in the high-net-worth insurance market, building on Shepard Insurance Group’s strong regional presence and expertise. Financial details of the deal were not disclosed, according to InsurTech Insights. The announcement comes shortly after Gallagher revealed its acquisition of...

StarCompliance (Star), a leader in employee compliance technology solutions, has acquired Aer Compliance (Aer), a specialist in digital asset trading pre-clearance and post-trade monitoring.

In today’s competitive business landscape, managing the client lifecycle efficiently is more important than ever. KYC Portal CLM offers a comprehensive solution that streamlines every stage of the client journey, from onboarding to ongoing monitoring and beyond. This powerful platform helps businesses ensure regulatory compliance, enhance client satisfaction, and improve operational efficiency.

Interactive investor (ii) has rolled out Payit, NatWest’s open banking payment solution, to simplify and enhance the customer payment experience. Through this partnership, ii customers can now link their bank accounts directly and fund their ISAs, GIAs, and SIPPs seamlessly via the ii website and app. Payit™ eliminates the need for traditional card payments, offering a fully digital alternative that removes...

OpenTrade, a London-based platform specialising in real-world asset-backed stablecoin yield products, has raised $4m in a seed extension round led by AlbionVC. Returning investors a16z and CMCC Global also participated in the funding.

WadzPay, a blockchain technology and financial services company, has secured a significant funding commitment from GEM Global Yield (GEM).

Aevi, a global leader in in-person payment orchestration, has announced a strategic partnership with LEGI.ONE, an innovative provider of tailored payment services for small and medium-sized enterprises (SMEs).

As more companies in the financial services sector adopt cutting-edge technology, customers have an increased expectation of what their financial providers should be able to do. If a company cannot complete tasks promptly or lacks essential capabilities, customers are likely to seek a new provider.