The Scottish National Investment Bank has expanded its portfolio, investing £5 million into real-estate data analytics platform, Utopi.

The investment will create 50 new jobs at the Glasgow-based company, which specialises in energy consumption monitoring technology and will use The Bank’s support to scale up to target new global markets.

BharatPe Group, one of India’s leading names in fintech industry, today announced its partnership with Women Entrepreneurship Platform (WEP) with the objective of enabling women entrepreneurs across India in their journeys of self-reliance and business growth. The partnership aims to build a robust ecosystem that brings together women entrepreneurs from different parts of India and equips them with the required domain knowledge as well as the financial and technical know-how needed to fulfill their business goals.

Duco, a leading data automation company, today announced that Mama Money, a rapidly growing fintech that offers cross-border money transfers and banking services, have expanded their use of Duco’s no-code solution to add automated daily cash balance controls.

In 2022, the share of FinTech companies in the SEA region officially using AI and ML technologies in their stack reached 3.09% (807 out of 26,105 companies), steadily increasing from 2.88% in 2020 and from 3.03% in 2021.

Northern Trust is enhancing the net asset value (NAV) workflow communications between private capital fund managers and Northern Trust through a collaboration with Appian, a leading provider of low-code process automation solutions.

The solution is aimed at supporting private capital fund managers with a secure digital experience offering enhanced efficiency, oversight and data security across the NAV production lifecycle.

Finverity, the digital ecosystem for trade and supply chain finance, today announces it has raised US$5 million in a heavily oversubscribed equity funding round from new and current investors.

Lyfeguard, a life planning assistant and document management platform, has appointed Ronel David, Strategic Sales and DE&I Leader at FIS, to its advisory board to accelerate financial management, go to market and growth strategy.

Ronel’s leads transformational business projects for some of Europe’s largest insures at FIS, a global market-leading provider of technology solutions for global merchants, banks and capital markets firm.

Marqeta, the global modern card issuing platform, released its first Consumer Pulse Report today. Based on the findings of a February 2023 survey of 4,000 consumers across the US, UK and Australia, conducted on its behalf by Propeller Research, the report details the effects that dynamic economic circumstances and emerging financial technology are having on consumer behaviour.  
 

Cashflows, the platform that makes it easy for merchants to accept payments, today launches Fast Onboarding. The new service reduces the time it takes for a merchant to be onboarded, whether directly or via a partner, making the process as easy and streamlined as possible without cutting corners on regulatory compliance or compromising on KYC and AML.

Juni, the financial platform built for digital commerce, has today announced that Amazon sellers will now be able to seamlessly integrate their stores with the Juni platform. The integration enables businesses to make better financial decisions with unified insights into all their Amazon stores’ financial data in one, real-time overview.