Tag: technology

Prytek scores $107m for its financial services technology development

Prytek, which builds vertical integrated supply chain solutions for financial institutions, has collected $107m in funding

Why technology is crucial for the modern insurance sector

Research by Moody’s has found the quick uptake of technology by firms and consumers during the pandemic has revealed its vital importance to the insurance industry.

ProjectPay unveils platform to streamline construction industry payments

UK payment platform ProjectPay has introduced a software-as-a-service (SaaS) platform to help simplify and streamline payments in the building and construction industry.

Crown Agents Bank introduces new pensions management tool

Crown Agents Bank has launched Empower Pensions, a new end-to-end pensions management platform.

Less than a fifth of banks use AI technology holistically

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

KKR, Tencent make $175m deal for minority stake in Voyager Innovations

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

Workday launches $250m fund to back emerging tech

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

The Floor picks up $5m strategic investment from Fosun

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

IBM, Banca Carige partner to launch $500m venture to back technology

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

Rocket Internet has €2.6bn to invest across opportunities in FinTech, AI

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

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