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.