Leading AI-powered credit decision platform provider, Scienaptic announced today that 4Front Credit Union has selected its AI-based underwriting platform to strengthen the credit union’s loan portfolio by making advanced loan decisions using artificial intelligence.

Summary: Currencies ended a volatile week of trading on Friday with mixed finishes as traditional correlations were set aside. The two main catalysts for the FX markets, prominent since the start of this year have been the changing nature of Fed monetary policy amidst rising inflation and the current spread of the Omicron variant. Global treasury yields dropped sharply while Wall Street stocks extended their slide as risk aversion dominated trade. The CBOE VIX Index soared 35.2% higher to finish at 28.85 (25.59 Friday).

Acronis updates its partner programme once again to accommodate loyal partners by offering financial aid and benefits, sport collaboration, and more

 ESG investing has been gaining increased momentum, especially in the investment  sector. Last May, the Universities Superannuation Scheme (“USS”), the UK’s largest private pension scheme,  announced an ambition to become net zero for carbon for its investments by 2050 if not before. Today, USS  Investment Management, its wholly-owned investment arm, is introducing a climate “tilt” to a portion of the  Global Developed Markets Equity component of the Defined Benefit and Defined Contribution funds held by the  scheme.

Growth Capital Ventures has led a £150,000 seed investment round into n-gage.io, an innovative technology company transforming the way audiences engage and experience leisure, visitor, and sporting attractions.

The funds will be used to drive the development of the technology forward and support n-gage.io’s market entry strategy. The funds are in addition to £150,000 worth of resource provided by Growth Capital Ventures through its GCV Labs venture builder division.

Nutanix has announced the UK-specific findings of its fourth global Enterprise Cloud Index (ECI) survey and research report, which measures enterprise progress with cloud adoption. The research showed that more than half of UK respondents (53%) said that multicloud was their most commonly used IT environment, substantially more than the rest of the EMEA region and globally.

·         New investment secured as the London-based fintech aims to quadruple lending

·         Unprecedented demand sees SME funding more than double from pre-COVID levels

365 Business Finance has successfully completed a £55m debt and equity raise, as the fintech lender aims to quadruple its lending to SMEs over the next two years.

Effective data governance has never been so important. Organisations around the globe are now hugely reliant on information – but if they can’t trust the data they hold, they won’t be able to make game-changing decisions that create benefits for customers. That’s where technology can help.