45% of European venture capital (VC) investments fail or do not secure returns above 2x the investment, according to a new report by leading European business schools. The report also found that 28% of the investments exceed expectations, and 9% earned above 10x invested capital.

Finastra, a global provider of financial software applications and marketplaces, today announced that Capital Bank, a leading financial institution with commercial and investment banking expertise, has gone live with Finastra’s Corporate Channels and will soon follow with Trade Innovation as well as other Corporate Channels modules.

SME Finance, a fintech reinventing growth financing for small- and medium-sized enterprises, has agreed to a new €100 million credit facility from London’s Fasanara Capital. The new funds bring the total commitments from Fasanara to €240 million.

Blockchain app factory, India’s leading enterprise blockchain technology solutions provider today announced a strategic partnership with bitsCrunch, a leading force in Forensic and AI-powered NFT analytics. The symbiotic association between the two leading brands will leverage the combined power of their technologies to empower users with forensics and AI-powered real-time analytics. The strategic alliance is aimed at making NFT trading a highly informed decision for users across the globe.

Match-Prime, a liquidity provider operating under CySEC regulations, has officially onboarded Fxview, a multi-licensed brokerage part of Finvasia Group’s financial ecosystem, providing its clients with cutting-edge technology and a clutter-free trading environment.

Next Gate Tech, a leading provider of innovative technologies for the financial services industry, announced a €8 million investment in a new funding round led by DB1 Ventures, the Corporate Venture Capital unit of Deutsche Börse Group, with the continued support of existing investors; NewAlpha Asset Management, Volta Ventures, Expon Capital, and Seed X. 

Lightspeed Commerce Inc., the one-stop commerce platform for merchants around the world to simplify, scale, and create exceptional customer experiences, has today announced the appointment of Liam Crooks as Lightspeed’s new  Managing Director for the EMEA Region.

Temenos today announced that Regions Bank, a top bank in the US, has selected Temenos to modernize its legacy systems for customers’ records and deposits on the Temenos Banking Cloud. The move to software as a service (SaaS) will enable Regions Bank to deliver more seamless customer experiences and more personalized banking products and services designed to help consumers and businesses reach their financial goals.

Tracxn, a leading global SaaS-based market intelligence platform, has released its Geo Quarterly FinTech India Report - Q1 2023. The report, based on Tracxn’s extensive database, provides insights into India’s FinTech space.

Security is one of the main fortes of Coinut as a cryptocurrency exchange. Following the recent high-profile incidents like the collapse of FTX and the crash of LUNA, the importance of having a robust security infrastructure has never been more evident.