Thought Machine raises $83m in series B funding to drive global growth and banking transformation mission.

Thought Machine, the cloud native core banking technology firm, has raised $83 million to drive the next phase of its growth. The funding will strengthen Thought Machine’s mission to transform banking by deploying modern cloud-native systems and continue investment in its core engineering capability. The funding will also be used to drive Thought Machine’s global expansion into Asia Pacific.

MYHSM announced today that its cloud-based Payment Hardware Security Module (HSM) service can now be added to ACI Worldwide's solutions as a building block of a comprehensive cloud payments strategy for acquirers, issuers, payment processors and banks.

Lloyd’s has launched a new insurance policy to protect cryptocurrency held in online wallets against theft or other malicious hacks.

The first of its kind liability policy, with flexible limits from as little as £1,000, was created by Lloyd’s syndicate Atrium in conjunction with Coincover to protect against losses arising from the theft of cryptocurrency held in online, hot wallets.

Wirecard, the global innovation leader for digital financial technology, is cooperating with Xolo, formerly LeapIN, the online platform for launching and running micro-businesses anywhere in the world, to offer fully digital seamless banking for entrepreneurs. The new partnership will enable Xolo, supported by Wirecard’s digital banking services, to revamp and enhance the banking and accounting aspect of its current platform.

National Bank of Yemen (NBY), one of the largest commercial banks and a prominent contributor to the economic and social development in Yemen; has selected ICS BANKS Digital Banking software from ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, to grow its operations domestically and internati

Collecting and collating customer information in order to create new, or enhanced products and services is a strategy as old as business itself, but the process involved has always been a huge time and resource drain for companies.

Right now, we are seeing some very worrying trends in global financial markets, and I am truly concerned about where we are heading. The spread of coronavirus strikes fear into the markets and reveals that the recent bull years are built on a very fragile foundation. As Nouriel Roubini recently wrote, coronavirus can be the spark that - along with many others and long-ignored challenges - could start an avalanche.

ISA investors will need a minimum investment rate of return of 1.84% to beat inflation this ISA season, according to Assetz Capital’s indicative ISA calculator.

The marketplace lender’s calculator projects how much tax investors can save when investing their ISA allowance, and whether their ISAs’ target returns are beating the current inflation rate of 1.8%.

Avaloq, the global fintech leader, has been chosen as the provider of the Best Core Banking Platform in the latest Asian Private Banker Technology Awards. The award is the first Avaloq has won in 2020 and follows a strong year of industry recognition in 2019.