Tag: FinTech 2023

Blockchain protocol firm, Connext Labs, known for its pioneering work in Web3 interoperability, has successfully raised $7.5m in a strategic funding round. This brings the company's overall valuation to a whopping $250m, reinforcing its position in the FinTech industry.

In a recent post by tietoevry, the company outlined why banks must 'act now' to benefit from real-time payments.

Bit2Me, a Spanish digital asset company registered with the Bank of Spain, recently announced a closing investment of €14 million.

Blackbird.AI, a firm in the AI-driven narrative and risk intelligence space, has netted a $20m Series B funding round.

Shift5, a firm specialising in onboard data, has announced a $33m rise in its finances, bolstering its Series B round to an impressive $83m.

Aveni, an AI solutions company, has partnered with UK-based Age Partnership, a leading equity release advisory firm, to revolutionise their Quality Assurance (QA) monitoring capacities. This strategic collaboration aims to enhance QA monitoring in terms of coverage, speed, and precision.

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.

Avalara, Inc., headquartered in Seattle, is a global innovator in tax compliance automation for businesses of varying sizes. Today, Avalara disclosed the integration of its trailblazing plugin with ChatGPT, a first of its kind endeavour by a tax compliance software provider.

Moody's Analytics recently highlighted the importance of screening wildlife trafficking in supply chains to cut financial crime. 

WealthArc, a major player in the WealthTech industry, has recently highlighted key components of the Financial Services Act (FinSA) or FIDLEG compliance and how its platform aids companies to meet the Swiss Financial Market Supervisory Authority's (FINMA) expectations.