Portag3 Ventures ("Portag3") today announced the creation of a group of senior advisors tasked with working with the platform to provide industry and functional expertise to portfolio companies and support the investment team's deal sourcing activities.

Over the years, cashless payments have progressed dynamically with the advent of digital payment technologies. With the wide adoption of digital payments everywhere, expectations of consumers are redefining the digital payments in the transit industry. To enhance customer experience, transit organizations are intensively implementing digital payments as it offers great flexibility and accessibility with decreased operational costs. With digital payments, the scope of transport industry has been expanding tremendously with increased productivity.

Dun & Bradstreet today announced a strategic partnership with encompass, a global provider of automated Know Your Customer (KYC) solutions, to help deliver world-leading data and analytics for UK businesses.

There are still millions of people who do not have access to a bank account. Some don’t qualify for one, while others can’t or don’t wish to pay the fees that are associated with commercial banking. To them, these fees are significant.

According to media sources, there are believed to be an estimated 1.7 billion adults across the globe who do not presently enjoy access to conventional financial services. This equates to 31% of the adult population who are not currently leveraging financial services, products and benefits from a traditional bank account.

-MyComplianceOffice (MCO) announced today at the annual 

The decision by major central banks and SWIFT to migrate to ISO 20022 is an opportunity for banks and corporates to improve operational efficiency and reassess existing business models, but will require CEO commitment and allocation of appropriate budgets.

OpenFin, the operating system (OS) of finance, has raised $17 million in Series C funding from major banks and leading Fintech investors. The funding round was led by Wells Fargo with participation from Barclays and existing investors including Bain Capital Ventures, J.P. Morgan and Pivot Investment Partners. The Series C round brings OpenFin’s total amount of venture funding to $40 million. Proceeds from the financing will be used to make OpenFin OS ubiquitous on financial desktops and to fund further product innovation.

It’s the digital age, and yet many finance organizations still find themselves mired in paper and manual processes – searching for, transferring, copying, sorting and filing information. But it doesn’t have to be this way. Studies show that 50-90 percent of financial processes can be automated by Robotic Process Automation (RPA).