OpenFin Raises $17 Million Series C from Wells Fargo and Barclays

OpenFin, the operating system (OS) of finance, has raised $17 million in Series C funding from major banks and leading Fintech investors. The funding round was led by Wells Fargo with participation from Barclays and existing investors including Bain Capital Ventures, J.P. Morgan and Pivot Investment Partners. The Series C round brings OpenFin’s total amount of venture funding to $40 million. Proceeds from the financing will be used to make... more Read more »

ILI Group Reveals Scottish Firms to Benefit from £2 Billion Infrastructure Investment

Company behind pumped storage hydro schemes calls for Scottish firms to benefit from national renewable projects. Hamilton based ILI Group have called for a level playing field for Scottish firms on renewable energy projects in Scotland Last month saw troubled Scottish fabrication firm BiFab effectively ‘locked out’ of the biding process for a £200 million offshore wind farm in Moray, unable to compete with foreign state-backed competitors from... more Read more »

Debut Company Reveals Report on Social Mobility in Finance

Debut, a graduate recruitment platform, today releases the findings of its ‘Working with class: The state of social immobility in graduate recruitment’ report. Read more »

MuleSoft Sets New Standard for Successful API Strategies With Next Major Release of Anypoint Platform

MuleSoft, provider of the leading platform for building application networks, today announced the next major release of Anypoint Platform™ with the launch of Anypoint API Community Manager and other significant advancements across the platform. API Community Manager uniquely combines a full-featured API portal and industry-leading digital experience capabilities, transforming how teams collaborate across the entire lifecycle of an API program. Read more »

Five year Increase in Customer Complaints an Opportunity for Banks, Financial Ombudsman Reports

The number of customer complaints have climbed to a 5 year high in the financial services sector, up 130 per cent in some cases owing to customer service, according to the Financial Ombudsman Service complaints handling data out today. Read more »

Financial Institutions Flooded by Highest Level of Complaints in Years Forced to Rethink Customer Strategies

Customer complaints against financial services institutions have hit a 5-year high year, with payday loan complaints surging 130%, according to data just published by the Financial Ombudsman Service. Read more »

New Research Shows That Consumers Opened New Accounts On Mobile Phones More Than On Computers Last Year

The digital and mobile identity era has arrived for businesses and consumers. According to new research from IDology, a GBG company, the last 12 months have brought significant shifts in the way consumers engage with businesses and think about their identities. This shift caused approximately 83 million consumers to abandon online enrollment due to additional effort or friction.   Read more »

Employment Growth Set to Continue but Pay Intentions Remain Subdued

Britain’s jobs boom is set to continue in the next quarter as employers continue to shrug off the uncertainty around Brexit with new hires. However, despite the tightening labour market, this confidence has yet to translate into significant salary increases for all but new starters and those with key skills. As recruitment and retention challenges grow, employers are increasingly flexing their recruitment practices and drawing on a wider talent... more Read more »

Outdated Technology Preventing Banks from Investing in Disruptive Technologies, according to Fenergo Survey

Fenergo, the leading provider of digital Client Lifecycle Management (CLM) software solutions for financial institutions, revealed that 20% of C-suite executives in banks say that the maturity of their technology infrastructures is preventing them from investing in new, disruptive technologies including big data analytics and Artificial Intelligence (AI) to improve CLM. 67% are not currently partnered with a fintech/regtech provider to improve... more Read more »

Women in FinTech Launches International Podcast Series

Raiha Buchanan, founder of Women in FinTech (WiFT), and Sarah Kok, the founding member of this initiative, have launched the first episode of their podcast. In this episode, titled “How Did You Get Into FinTech,” they share their ambitions for the podcast and the WiFT initiative as a whole. Raiha and Sarah also, share their own stories in this first episode of the podcast, intended to be a regular series. Read more »

Digital Transformation Is Business Transformation!

Digital transformation is a natural progression from traditional business, one better suited to today’s world. The analytic difference is the playfield for innovation, ascendable and agility that are possible in the transformation process, now that digital is a part of the mix. Digital transformation has the ability to deal with uncertainty and respond quickly to change, rather than setting long term goals and moving steadily towards them.... more Read more »

Finance in a Digital World

If long term certainty was ever guaranteed that time is over. Today’s leading businesses face a disruption that cannot be ignored if they are to exceed expectations and navigate through the fog of uncertainty. Proactive and insightful, the most effective finance organisations of the future will be capable of driving the business forward and holding them accountable to business results all at a fraction of the cost of today’s finance... more Read more »

Collision technology conference now seven times the size of last year’s US event and already larger than its European flagship event, Web Summit

In its first year in Canada, North America’s fastest-growing technology conference has officially announced it has now reached maximum capacity for this year’s Collision event, to be held in Toronto’s Enercare Centre from May 20 - 23. The size of Collision’s now sold-out floor space is set to be seven times larger than Collison 2018, formerly held in New Orleans. The size of the space has also surpassed its flagship event, Web Summit. This year’... more Read more »

FINRA opens office of Financial Innovation

FINRA today announced the formation of an Office of Financial Innovation that will serve as a central point of coordination for issues related to significant financial innovations by FINRA member firms, particularly new uses of financial technology (fintech). The move will further enhance FINRA’s ability to identify, understand and foster financial innovation in the markets in a manner that strengthens investor protection and market integrity. Read more »

Shopify Launches New Retail Hardware to Transform in-store Shopping

To revolutionize in-person shopping for the world’s fastest-growing brands and their customers, today we’re launching a new retail hardware collection, including three devices: The Shopify Tap & Chip Reader, Dock, and Retail Stand. Our new retail hardware is designed from the ground up with merchants and customers in mind, to deliver an unmatched shopping experience. With years of experience building point-of-sale (POS) tools for brands that... more Read more »


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