ZestFinance has received a strategic investment from Baidu, the leading Chinese language Internet search provider. ZestFinance is a Los Angeles-based company that uses machine learning to transform vast amounts of complex data into credit scores. Artificial intelligence experts and data scientists at both companies plan to work together to apply ZestFinance’s underwriting technology to Baidu’s search, location, and payment data in order to improve credit scoring decisions in China.

Berkshire Hathaway Specialty Insurance Company (BHSI) today announced that it has expanded its Northern European operations, appointing Ulrich Kremer as Senior Vice President, Claims, Northern Europe.

“Ulrich brings to BHSI extensive experience in both the legal and strategic aspects of managing complex claims,” said Gregor Koehler, President, Northern Europe, BHSI. “Under his capable leadership, we look forward to expanding our claims team and demonstrating to customers our commitment to excellence in claims handing.”

The boards of directors of SoftBank Group Corp. (“SoftBank”) and ARM Holdings plc (“ARM”) are pleased to announce that they have reached agreement on the terms of a recommended all cash acquisition of the entire issued and to be issued share capital of ARM by SoftBank (or, at SoftBank’s election, a wholly-owned subsidiary of SoftBank).

• Under the terms of the Acquisition, each ARM Shareholder will be entitled to receive:

for each ARM Share: 1,700 pence in cash

The proliferation of robo-advisor platforms has been well documented and referenced over the past year, with much of the technology’s development and usage focused on penetrating the

Coinciding with the start of FinTech Week 2016, Lloyds Banking Group has today announced the launch of a new mentoring scheme that will see FinTech start-ups able to access the broad expertise of its colleagues from across the Group.

The FinTech start-ups will benefit from knowledge sharing of experienced Lloyds Banking Group staff to aid their development in the financial and technology sector.  The support offered includes refining concepts to strengthening business models within a flexible timeframe determined between the mentor and the start-up.

London-based International Finance Magazine has conferred the 2016 award for 'Best Retail Bank' and 'Best Retail Customer Service Bank' in Kuwait to Gulf Bank.

Gulf Bank was established in 1960 and has since progressed to becoming an industry-leading financial services provider complemented by a large network of 56 branches strategically positioned in key locations in Kuwait.

 SS&C Technologies announced that SS&C Advent has been named “Best Accounting System Provider” for its Geneva^®portfolio management solution in the 2016 Waters Rankings. The award was presented yesterday during the Waters Rankings luncheon at The Metropolitan Club in New York.

The Waters Rankings awards, now in its 14^th year, recognizes the leading technologies and vendors nominated in Waters Technology's only awards program where the category winners are determined exclusively by reader votes.

Deutsche Bank’s Global Transaction Banking unit today announced that Patricia Giangrande has rejoined the Bank as a Managing Director and Global Head of the Business Control Office function for Institutional Cash Management (ICM). Giangrande will be based in New York and report to Susan Skerritt, Chairwoman, President and CEO of Deutsche Bank Trust Company Americas; Global Head of ICM and Head of Global Transaction Banking Americas. Giangrande will also sit on the Global ICM Executive Council.

HID Global has acquired DemoTeller, a leading provider of instant issuance solutions for the financial market. With this acquisition, HID Global is now able to address the needs of financial institutions and retailers for instant issuance of personalized financial or payment cards, such as a “chip card,” with a fully integrated solution. DemoTeller adds solution, installation and maintenance services to broaden HID Global’s secure issuance business beyond printers and consumables. HID Global is addressing a growing segment of the secure issuance market in North America.

FIS Cardless Cash®, the market-leading mobile solution that avoids using a plastic card at the ATM to withdraw funds, will expand across the United States thanks to a new partnership between FIS™ , a global leader in financial services technology, and