Today Datomize announced the completion of its $6 million seed funding round for the commercialization of its synthetic data solution that accelerates time to market for artificial intelligence (AI)/machine learning (ML) models and new products that drive business growth.

Josh Gunnell, head of fraud & ID pre-sales at TransUnion in the UK, comments on the recent ONS fraud statistics:

Medius, a leading provider of cloud-based spend management solutions, today announces that it has been named a ‘Leader’ in the IDC MarketScape: Worldwide SaaS and Cloud-Enabled Accounts Payable Automation Applications for Midmarket 2020–2021 Vendor Assessment (doc # US47032620, December 2020).

Quorsus, providers of consultancy services to financial institutions, has today announced its appointment of Kieran Mullaley as Managing Partner and Head of Consulting Delivery.

320 Park Analytics LLC, a wholly owned subsidiary of Mutual of America Life Insurance Company, has chosen to utilize NeoXam’s Impress SaaS solution to automate and create digital publications for pension investment benchmarking reports. 

Tech CU, a leading credit union serving California’s technology community, announced today that it has engaged engagement banking platform provider Backbase to overhaul its members’ banking experience and implement a brand-new digital transformation strategy. The partnership will give Tech CU the ability to facilitate instantaneous software updates to minimize the time and cost associated with upgrades, all while leveraging Backbase’s specialized technical expertise to develop, deploy andoptimize new solutions. 

Heimdal™ Security – the Danish cybersecurity company – has opened a second UK office and signed a new long-term distribution agreement as part of ambitious expansion plans which will make the UK its biggest global operation.

NatWest has today announced the launch of a new grant finder service in conjunction with Swoop, which will allow UK businesses to search for grants to help their business deal with the ongoing impacts of the COVID-19 pandemic.

Bitstocks, the London-based fintech scale-up, has seen monthly transaction volumes increase on its Gravity platform by nearly 14% on average month-on-month since partnering with Payments-as-a-Service FinTech Modulr. The average deposit on the Gravity platform is now £3,300 per user.