Aleph, the source of truth for finance teams, emerged from stealth with $16.7 million in financing. The funding round was led by Bain Capital Ventures (BCV) with participation from existing investors Khosla Ventures, Picus Capital and Y Combinator, and including angel investors and current customers. Aleph serves as the one repository for all financial data, helping teams make better decisions, faster.

Provenir, a global leader in AI-powered risk decisioning software, today announced that it has been named a 2023 Banking Tech Awards finalist in the “Tech of the Future – AI and Data – Decision Engine” category.

Kota, formerly known as Yonder, the all-in-one platform to automate insurance and retirement benefits for modern teams, has successfully closed a €5M Seed round led by EQT Ventures with follow-on investment from existing investors Northzone and Frontline Ventures. Other notable investors include Job Van Der Voort of Remote.com, Romain Huet formerly of Stripe, now Open AI, David Clarke formerly of Workday and others in the oversubscribed round.

Global information and insights company TransUnion recently hosted its UK Future Summit 2023. The event brought together leading companies from finance, banking, fintech, insurance and other sectors to discuss the importance of credit inclusion and credit education as well as supporting financially vulnerable consumers and enhancing customer experiences.

Cohesity, a leader in AI-powered data security and management, today announced that Indra Nooyi, Jim Snabe, Ken Denman, and Tami Erwin have joined a newly formed CEO Advisory Council. This group of well-respected and deeply connected industry leaders will help guide Cohesity’s CEO and executive staff, as Cohesity expands its ambitions as a leader in AI-powered data security and data management.

Montonio, a fast-growing online payment solutions provider, celebrated its 18-month milestone in Poland, amidst plans to expand its local team, reflecting its commitment to the burgeoning Polish e-commerce sector. Since its successful launch in Poland in March 2022, Montonio has become a trusted choice for merchants, owing to its innovative payment solutions and unparalleled service quality.

Room Zero, the provider of specialist software to the asset management industry, has signed a five-year deal with Jupiter Asset Management to consolidate assets under management and flow information into a single dataset.

Assets under management and flow data are typically managed separately by multiple teams in an asset management business. Room Zero’s cloud-based software eliminates duplication of effort and silos, allowing multiple departments across a single firm to work and process common information.

With all eyes on the future of open banking, merchants, banks and payment providers are convinced that 

Higher loan rejections and limited traditional affordability checks are impacting Brits’ ability to access credit to help make ends meet, according to new research from Tink, the market leader in open banking.

Findings from a survey of 1,000 UK borrowers - those who hold either a mortgage or loan - suggest that a significant number of Brits today need to find a way to bridge the gap between income and expenditure each month.