Tag: Quantexa

Companies in the UK completed 116 deals in the third quarter raising £1.8bn, the highest level in 12 months.

British Patient Capital has committed to adding $35m to The Evolution Technology Fund II, which is aiming for a final $250m close to support cybersecurity and enterprise software startups.

In the midst of the Covid-19 crisis, these 32 RegTech companies have successfully secured funding over the last month.

From InsurTech to RegTech, the last week showed that some sectors may be able to benefit from the coronavirus crisis.

Quantexa, a contextual intelligence software company, has bagged $64.7m in its Series C round, which will help it move into new markets.

The total funding recorded in Q3 is just half of the total raised in the opening quarter of 2020 as the pandemic leaves investors wary of writing big cheques.

Incumbent HSBC is planning to compete with new challenger banks by overhauling its First Direct brand.

HSBC has beefed up its financial crime detection system by deploying Quantexa’s contextual big data solutions.

Quantexa, a company leveraging big data analytics to tackle complex financial crime, has raised $20m in Series B funding.

HSBC is using artificial intelligence to help it spot money laundering, fraud and terrorist funding.