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Imandra Completes $5 Million Seed Round Led by AlbionVC, IQ Capital and LiveOak Venture Partners

Imandra Inc. - creator of the Imandra cloud-native automated reasoning engine - has completed a $5 million Seed investment led by AlbionVC, IQ Capital and LiveOak Venture Partners. The capital will be used towards further growth in financial services and fast-growing applications of their AI technology to autonomous vehicles, robotics and machine learning. Imandra democratises deep advances in symbolic AI for making algorithms safe, explainable and fair.

Thursday, April 18, 2019 - 11:07
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Financial IT
Customer engagement key differentiator for banks as total redress payments increase

Statistics from the recent FCA complaints handling report show that the total redress paid to consumers was £2.26 billion, 12% (£216 million) increase compared to £2.57 billion in 2018 this time last year.

Thursday, April 18, 2019 - 11:04
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Financial IT
Baker Hill and Validis Partner to Combine Powerful, Industry-Leading Technology

Baker Hill – a leading provider of technology solutions for common loan origination, risk and relationship management, CECL compliance, and smart data analytics – and Validis – a pioneer of financial data sharing and standardization technology – have entered into a strategic partnership to combine the companies’ industry-leading technology.

Thursday, April 18, 2019 - 09:16
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Financial IT
Surecomp Inaugurates SureLab Innovation Center

Surecomp®, the global trade finance fintech leader, announced today the inauguration of SureLab, Surecomp’s newly established innovation lab. SureLab was established to centralize Surecomp’s digitization initiatives thereby enabling Surecomp to maintain its position at the forefront of trade finance innovations. SureLab aims to introduce new technologies to the digital trade finance arena.

Thursday, April 18, 2019 - 06:27
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HSBC and Walmart Join Forces on Sustainable Supply Chain Finance Programme

HSBC and Walmart today announced the roll-out of a sustainable supply chain finance programme that pegs a supplier’s financing rate to its sustainability performance.

This global programme allows Walmart’s suppliers who demonstrate progress in Walmart’s Project Gigaton or Sustainability Index Program to apply for improved financing from HSBC based on their sustainability ratings.

Thursday, April 18, 2019 - 06:19
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Stripe unveils new products and acquires verification company Touchtech Payments

Today, payments infrastructure company Stripe announced a series of updates to its product stack for businesses operating in Europe, and acquired a Dublin-based tech company called Touchtech Payments.

Wednesday, April 17, 2019 - 16:49
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Financial IT
Broadridge to acquire the retirement plan custody and trust assets from TD Ameritrade Trust Company

Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader and part of the S&P 500®Index, today announced it has entered into a purchase agreement to acquire the retirement plan custody and trust assets from TD Ameritrade Trust Company, a subsidiary of TD Ameritrade Holding Company (Nasdaq: AMTD).

The acquisition will expand Broadridge’s suite of solutions for the growing qualified and non-qualified retirement plan services market and the support it provides for third-party administrators, financial advisors, record-keepers, banks, and brokers.

Wednesday, April 17, 2019 - 16:02
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Financial IT
DTCC Outlines Path To Reduce Trade Failures and Increase Security

The Depository Trust & Clearing Corporation (DTCC) announced the release of a new paper addressing issues of trade failures in the institutional post-trade marketplace where greater technology adoption could help with growing problems in an era of cost pressures, heightened regulatory requirements, and increasing cyber security focus.

Wednesday, April 17, 2019 - 15:59
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Financial IT
Surecomp Inaugurates SureLab Innovation Center

Surecomp, the global trade finance fintech leader, announced today the inauguration of SureLab, Surecomp’s newly established innovation lab. SureLab was established to centralize Surecomp’s digitization initiatives thereby enabling Surecomp to maintain its position at the forefront of trade finance innovations. SureLab aims to introduce new technologies to the digital trade finance arena.

Wednesday, April 17, 2019 - 13:50
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Financial IT
Glue42 adds partners to its financial desktop ecosystem

Glue42, the company bringing an entirely new desktop experience to financial institutions, expands its desktop ecosystem with new fintech providers. New partners include independent software vendors (ISVs) Adaptable Tools and BCC Group, and service provider NORMAN & SONS

Wednesday, April 17, 2019 - 13:38
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Financial IT

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