Tag: technology

Despite nearly all commercial banks using AI, only 19% are using the technology holistically across the enterprise, according to a study from Genpact.

KKR and Tencent Holdings has acquired a minority stake in the FinTech innovation arm of telecommunications and digital services provider PLDT.

Workday, a finance and human resource management company, has launched a fund to invest in AI, machine learning, blockchain, and augmented and virtual reality.

Israel-based FinTech company The Floor has netted $5m in a strategic investment from Fosun and Fosun Hani Securities.

IBM and Italian bank Banca Carige launched a $500m joint venture to support technology growth and create the ‘new generation of bank’.

Rocket Internet, a technology company investor and incubator, has €2.6bn gross cash available for investing.

GI Partners has acquired payment and software developer group Togetherwork from Aquiline Capital Partners for an undisclosed amount.

German banking platform solarisBank AG has bagged €56.6m in its Series B funding round.

BNP Paribas Capital Partners has launched a new investment fund to back financial services and insurance startups.

Financial services technology developer Even Financial has closed a $3m strategic investment from a group of backers.