UK-based Revolut is on course to achieve a $5 billion valuation during an upcoming funding round, according to documents from lead investor Technology Crossover ventures (TCV)
Silicon Valley TCV, an early investor in the likes of Spotify, Airbnb and Netflix, closed a $3 billion fund in January 2019 to back fast-growing new economy companies.
An information advantage has become one of the most important competitive edges in the financial markets today. Receiving the right data, faster than competitors, is a significant driver of performance. However, while firms invested over $50 billion in 2019 into market data, investment in technology to make the consumption of financial research more efficient has been neglected for too long, argues Limeglass’s co-founders, Rowland Park and Simon Gregory.
Capgemini and Efma today launched the Financial NewTech Challenge 2020, powered by FinTechVisor, which offers an opportunity for NewTechs and financial institutions to showcase their collaborative business solutions to an elite panel of experts and industry influencers.
Fintech company RiskFirst (A Moody’s Analytics Company) has appointed Charles Millard to develop its North American defined benefit (DB) pensions client base, which includes pension plans, consultants and asset managers. Millard, working in an advisory role based in RiskFirst’s New York City office, will harness his expertise and extensive network of North American pension plans to help grow RiskFirst’s client base in the US and Canada.
Fiserv, Inc., a leading global provider of financial services technology solutions, announced today that DolEx Dollar Express, Inc. and its affiliate, Europhil, will enhance their anti-money laundering (AML) processes with te
'Data is the new oil.’ It’s a dramatic statement – and certainly a contentious one. Just as one publication makes the case for it, another rubbishes the concept. The first argument points out that data is becoming the world’s most valuable resource; the second, that the analogy is lazy and rapidly collapses, whether because data is infinite or because it can be transported around the world almost instantaneously and at minimal cost.
A US judge has rubber-stamped a $1.38 billion settlement related to the massive 2017 data breach at Equifax - capping the amount available for cash payouts to victims.
As first reported by BankInfo Security, the federal judge has given final approval for a settlement that deals with a class action lawsuit against Equifax.
Mirroring an agreement reached between Equifax and the Federal Trade Commission last year, the settlement sees the tens of millions of Americans affected by the breach given the choice between free credit monitoring or a cash payment.
ASX-listed marketplace lender Wisr has raised $35 million via a placement of approximately 181 million ordinary shares.
The firm says it will use the proceeds of the placement to grow its credit product offerings and strengthen the balance sheet.
Turkish banks have begun the transfer of a cryptocurrency representing physical units of gold via a blockchain platform developed by Istanbul Clearing, Settlement and Custody Bank (Takasban).
The BiGA blockchain platform and gold transfer system caters for the export, amortization and transfer of digital assets, and also feature integration, reconciliation, monitoring and reporting capabilities.
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