Tag: Banking

Australian challenger bank has reportedly reached a $1.6bn valuation after the close of a $140m funding round.

Retail banks have four sub-segments within their existing client base that they have largely unexplored, according to cloud-native savings and investment platform Nucoro.

Neo Financial has netted CAD 50m ($39.3m) in a funding round comprised of both debt and equity.

Digital operating systems developer OpenFin has closed a strategic investment from SC Ventures to support the development of new products.

Modularbank, a banking software developer, has reportedly raised €4m in its late seed funding round.

Unit, which enables companies to integrate banking features, has launched its services, alongside the close of an $18.6m round.

Having already announced the deal this summer, Deutsche Bank and Google Cloud have now finalised a strategic, multi-year partnership to accelerate the bank's transition to the cloud and co-innovate new products and services.

The global core banking software market size is seemingly set for some impressive growth in the next seven years and is expected to reach a value of $16.38bn in 2027.

Engagement banking technology developer Backbase has launch its next-generation platform and its enhanced Backbase-as-a-service.

Embedded banking software developer Weavr has closed its seed round on $4m, as it launches its first suite of tools aimed at the services sector.