Encompass Corporation Raises £25m in Funding to Accelerate Global Growth
- 3 years 3 months ago
- Banking
Encompass’ £25 million capital raise will be used to automate KYC for banks on an international scale Encompass Corporation, the provider of intelligently automated Know Your Customer (KYC) solutions, today announced the completion of a successful capital raise of £25M. Perennial Partners, a major Australian investment management company, served as the lead investor, joined by financial services focused principal investing firm Serendipity... more
Saveengs and Nordigen Partner Up to Help Further Financial Inclusion Through Open Banking
- 3 years 3 months ago
- Banking
Personal finance management app
Crypto to Complete the ‘holy Trinity’ for Modern Investors. Aussie Broker Stake Showing the Big Banks How It’s Done.
- 3 years 3 months ago
- Banking
As crypto gains in popularity, here’s how Aussie broker Stake are fronting the charge for the next generation of investors. Leading digital broker Stake is once again forging new horizons, announcing the addition of crypto investing to go with their existing equities offerings on the platform. This move solidifies their position as the modern brokerage platform for the new generation of investors amidst a sea of old players and laggards.
Wolters Kluwer to acquire IDS
- 3 years 4 months ago
- Banking
Wolters Kluwer Governance, Risk & Compliance (GRC) has announced that it has signed an agreement with The Reynolds and Reynolds Company to acquire International Document Services, Inc. (IDS), a leading U.S. provider of compliance and document generation software solutions for the mortgage and real estate industry. The deal is for approximately $70 million in cash.
Cynergy Bank Provides £2.5M of New Funding to Beauty Product Brand, Faith in Nature
- 3 years 4 months ago
- Banking
Cynergy Bank provided a loan amount of £2.5m to Faith in Nature, an award-winning natural beauty products brand in Radcliffe, Manchester. The loan will enable the company to develop new manufacturing and business premises, having outgrown their existing premises. The development of the new site provides space for future sales growth and more jobs. The larger property in the same area also means they can remain in Radcliffe and retain their... more
Unbanked Inc. Launches Crowdfunding Campaign on Republic to Democratize Investor Access and Accelerate Growth
- 3 years 4 months ago
- Blockchain, Banking
Unbanked Inc.'s recently launched campaign has already raised over $1,000,000 from over 1,100 investors - leaving approximately $4,000,000 available for remaining investors.
Gridline Raises $9M in Capital for Growth Acceleration
- 3 years 4 months ago
- Fundraising News, Investment, Alternative Finance
Gridline has closed a $9 million funding round on the heels of launching its digital platform for alternative investments last month. This capital enables the company to accelerate growth by scaling investment, sales and marketing teams to double headcount over the next 12 months.
FIDO Alliance Announces Commerce Virtual Summit Amid Rising Online Payment Fraud and Authentication Challenges
- 3 years 4 months ago
- Blockchain, Payments, Cryptocurrencies, Banking
Players from across banking, retail, crypto and blockchain can gain expert insight into addressing authentication challenges with FIDO – from regulation and UX, to fraud and privacy
Brits Among the World’s Highest Savers; but Are Less Inclined to Invest.
New data from Klarna, a leading global retail bank, payments and shopping service, shows that Brits are saving a higher share of their income each month compared to their international peers but are less interested in investing their money.
Nordic Neobank Lunar Receives €70 Million in Fresh Funding
- 3 years 4 months ago
- Fundraising News, Banking
Lunar, a Daniosh neobank, has raised €70 million in new capital to prepare for the launch of new crypto trading and business-to-business payments products. The new funding round follows the Nordic challenger's €210 million Series D funding round in July of last year. The firm has now raised a total of €345 million and is valued at just under €2 billion.
Lloyds Bank invests £5 million in working capital platform Satago
- 3 years 4 months ago
- Fundraising News, Banking
Lloyds Bank has invested £5 million for a 20% stake in invoice financing startup Satago and will roll out the platform for its Single Invoice Finance and whole of book Invoice Factoring customers.The deal with Satago follows a competitive tender process and a six month trial of the technology. Once deployed it will introduce a new digitised proposition for lending to the bank's SME customers.
New Study From Entrust Finds Consumers Prefer Digital Banking Experiences, But Are Concerned About Security
- 3 years 4 months ago
- Digital banking, Payments, Banking
A survey from Entrust details preferences of the modern banking customer, with consumers indicating a need for online banking capabilities, secure cards with chips and enhanced payment security
Ascenda Partners With Hyundai Card to Support Launch of New Cards in South Korea
Ascenda, the technology company that makes payments and banking more rewarding, has partnered with Hyundai Card, a leading credit card issuer, to power the launch of a new lineup of consumer and corporate cards on the American Express Network in South Korea.
AI Adoption Matures as Banks Transform Customer Experience and Drive New Business Models, Finds Report from Temenos
Economist Intelligence Unit Report finds 85% of IT banking executives have a “clear strategy” to adopt AI to drive new products and services
Axis Bank joins BIAN to Transform its Architecture for the Customer of the Future
- 3 years 4 months ago
- Banking
The financial service leader brings a wealth of regional knowledge to the not-for-profit association
