Businesses – especially financial and insurance companies – invest a lot of resources in gathering data from a wide variety of sources. They also strategize and implement processes that utilize the collected data for making decisions, calculating risks, and forecasting profits. 

 British Patient Capital has invested in Microbiotica, a personalised medicine specialist, as part of a £50m Series B funding round.

The investment has been made via Future Fund: Breakthrough, our £375m programme where we co-invest with private sector investors in innovative, R&D-intensive UK companies. The round was led by Flerie Invest and Tencent, and included Cambridge Innovation Capital, IP Group and Seventure Partners.

• 2 in 5 men and women believe it costs more to be a woman because of the ‘pink tax’
• The majority of survey respondents believe it costs more to be a woman because women are under more pressure to consume than their male counterparts (46% female and 41% male)
• 14% of female respondents believe that life being more expensive as a woman is a key barrier women experience when saving for retirement, compared to 9% of male respondents

Vodafone, and its African subsidiaries Vodacom and Safaricom, are today, marking the 15th anniversary of M-Pesa, the service launched in March 2007 to enable money transfers between people using 2G feature phones.

Sberbank has announced it has been forced to pull out of the European market, after it said it faced large outflows of cash in the region as well as threats to the safety of its employees and branches.

The bank, Russia’s biggest lender, said its European subsidiaries had faced “abnormal cash outflows”, meaning it could no longer supply them with liquidity. However, Sberbank said it had sufficient capital to be able to make payments to all of its depositors.

UK EV battery manufacturer invests in Infor CloudSuite Automotive for £3.8bn 38GWh Gigaplant

Infor, the industry cloud company, today announced that battery pioneer Britishvolt, the UK’s foremost investor in battery cell technologies and research and development, has selected Infor CloudSuite Automotive to manage business operations at its £3.8 billion, 38GWh Gigaplant in Cambois, Northumberland, UK.

• The achievement enables NatWest to become the first UK Bank to successfully make a VRP using a Bank-owned Open Banking payments solution, Payit by NatWest 
• VRP is set to revolutionize the way payments are made online and will replace traditional payment methods

NatWest’s multi-award-winning open banking payments solution Payit, has successfully made its first Variable Recurring Payment (VRP) in a live environment.

KoronaPay, the EU-based online money transfer service with over 13 million users worldwide, has partnered with Clear Junction, the global payments solutions provider, to offer its users

The research experts at Babel Finance's Hong Kong and Singapore offices are confident in the long-term worth of crypto assets. Crypto-asset markets are evolving fast, long-term Bitcoin(BTC) investors have reaped substantial gains since the currency's inception, and more and more conventional financial institutions are recognizing it.