On 2 July this year Nordea entered into an agreement to acquire all shares in Gjensidige Bank. The acquisition has now been approved by the Norwegian Competition Authority.

- The approval takes us one step closer to realising our acquisition of Gjensidige Bank, says John Sætre, Head of Personal Banking at Nordea in Norway. 

Augmentum Fintech plc (LSE: AUGM) (“Augmentum” or the “Company”), one of Europe’s leading fintech venture capital investors, announces an investment of £5.3 million in UK based fast-growing mobile-only current account provider Monese.

Augmentum is participating in this £46 million Series B fundraising alongside Kinnevik, PayPal and Avios, all of whom are investing in Monese for the first time.

FlexTrade (@FlexTrade) a new Back-Testing framework designed to gauge and adjust the performance of past trading strategies for real-time use in trading equities, FX and futures.

“Just because a trading strategy worked successfully in the past, doesn’t mean it will show the same results in the present,” said Vijay Kedia, President and CEO of FlexTrade. “There are countless variables – old and new — that could impact performance in unanticipated ways. That’s why using an advanced back-testing framework can make all the difference in running a winning strategy.”

Brett King, author, futurist, founder of mobile startup bank Moven and host of one of the top FinTech podcasts will open the Innotribe programme at this year’s Sibos in Sydney.

A former advisor to the Obama administration on the future of banking, King’s opening will leap forwards to life in 2030, looking at contextual banking, quantum and what new technologies will take their place in the future of money.

 TIBCO Software Inc., a global leader in integration, API management, and analytics, today announced enhanced capabilities for the TIBCO Connected Intelligence Cloud (TCIC). TIBCO continues to expand its cloud offerings, empowering businesses to leverage integration, messaging, and analytics capabilities on TIBCO Cloud to solve their toughest digital transformation challenges.

TIBCO Software Inc., a global leader in integration, API management, and analytics today announced the A(X) Experience for TIBCO Spotfire, an industry-first, AI-driven analytics experience that fuses agile data exploration with natural language processing (NLP), machine learning recommendations, and model-based authoring, adding native support for real-time streaming data.

‘Artificial intelligence’ (AI) and ‘machine learning’ are sneaking into every part of our daily lives.

How do we tell the realizable use cases available now from what’s projected?

In 1850, Michael Faraday released his seminal paper on electromagnetic induction. However, some 100 years after Faraday’s paper, that electricity become widely adopted, standardized, and ultimately reached a level, which meant it was superior to other technologies, such as steam.

ACA Compliance Group (“ACA”) announced yesterday that, following the receipt of regulatory approvals, it has completed the acquisition of Cordium, a leading provider of governance, risk, and compliance (GRC) products and services. As of today, ACA employs nearly 700 people and provides products and services to over 4,000 clients worldwide. The financial terms of the transaction will not be disclosed.