Tag: Financial Services

Amsterdam-based Backbase, a global leader in engagement banking software, has announced the acquisition of Nucoro, a digital wealth platform based in the UK. The terms of the deal remain undisclosed, bringing together two key players in the world of FinTech.

Levine Leichtman Capital Partners (LLCP), an international private equity firm, has made a significant investment in cleversoft Group GmbH, or cleversoft, a top-tier provider of regulatory software for the financial services sector.

The new generation of UK bank users are turning away from traditional brick-and-mortar banks in favour of digital banking, leading a major shift across Europe.

In a recent post by Currencycloud, the company provided a review on a talk regarding gender equality in the banking sector.

OneMain, a firm specializing in loans for people with "nonprime" credit histories, has been fined by the New York DFS due to cyber lapses.

Nymbus, a leading provider of financial technology solutions, has announced the culmination of its Series D funding round, amounting to $70m.

The Financial Conduct Authority (FCA) has disclosed its findings from a review of 14 fair value frameworks ahead of the Consumer Duty implementation in less than three months. RegTech platform Novatus Advisory has reviewed this and outlined the key takeaways for firms. 

Evaluating the business line of potential clients is a key part of Know Your Customer (KYC) procedures in commercial relationships. However, analysts often spend substantial time utilising search engines and other manual processes to establish a client's Line of Business. This allows them to assess the risk involved in onboarding records or transactions.

Curity, a Stockholm-based cybersecurity company, has recently publicised a sizeable investment.

Aveni CEO Joseph Twigg and lead NLP engineer Iria Del Rio recently discussed the meteoric rise of ChatGPT and other large language models, the forces that have led us to this point, and what it signifies for the world of financial advice and services.