InsurTech Pioneer Sixfold Secures $6.5M in Seed Round
- 3 years 3 months ago
- Fundraising News
Sixfold, a groundbreaking InsurTech startup, has launched the first generative artificial intelligence (AI) specifically designed to tackle the most complex challenges faced by the insurance industry.
Surge in Loan Requests Amidst Spiralling Housing Costs
- 3 years 3 months ago
- Personal Finance
UK consumer lender Fluro has launched the second edition of its “Consumer Lending Newsflash”, examining current trends across the entire UK open market, encompassing major price comparison website partners. The data shows that there was a 22% uplift in consumers making loan requests during April 2023, compared to the same period last year.
Banking as a Service: What is BaaS?
- 3 years 3 months ago
- Open Banking
"BaaS" is an acronym increasingly used in the financial sector. But what exactly is it? What is Banking as a Service? What opportunities does it offer to banks? What technical constraints does it create? All the answers are in this article!
Skorlife, Indonesia-based FinTech Start-up, Raises $4M in Seed Funding
- 3 years 3 months ago
- Fundraising News
Skorlife, the Indonesia-based FinTech start-up focused on improving credit score transparency, has successfully raised $4m in a seed funding round. The funding round was spearheaded by Hummingbird Ventures, attracting further investment from QED Investors as well as repeat investors AC Ventures and Saison Capital, according to a report from TechCrunch.
Niyo Leverages Multi-bank Strategy to Cater to Growing Demand for International Travel
- 3 years 3 months ago
- Digital banking
Niyo, a leading fintech company, recently expanded its multi-bank partnership proposition, by onboarding Equitas Small Finance Bank as a new banking partner for its Niyo Global programme (debit or credit card issued by partner bank).
South&Southeast Asia Fintechs Have Raised USD 53.3B to Date in Alternative Lending, Digital Banking, Payments & Transfers, and E-wallet
- 3 years 3 months ago
- Fundraising News
Over the entire history, fintechs in alternative lending, digital banking, payments & transfers, e-wallet sectors have raised a grand total of USD 53.3 Bn and earned USD 17.8 Bn. The total rate of return (Total Revenue / Total Funding) is approximately 33.4%, which means that for every dollar attracted, fintechs earn an average of 33.4 cents per year on transactions related to their activities.
UniCredit and Mastercard Expand Payments Partnership
- 3 years 3 months ago
- Payments
UniCredit and Mastercard today announced a global expansion of their payment partnership.
British Business Bank Seeks Proposals to Deliver the Long-term Investment for Technology and Science (LIFTS) Initiative
- 3 years 3 months ago
- Investment
The British Business Bank today announced a Call for Proposals as part of the launch of the government’s Long-term Investment for Technology and Science (LIFTS) initiative. It seeks proposals from industry for the establishment of new funds or investment structures to crowd in UK institutional investment, particularly Defined Contribution (DC) pension schemes, to support the growth and ambitions of the UK’s most innovative science and technology...
RBA CBDC Pilot Conference Showcases Australian CBDC in FX transactions and International Remittances
- 3 years 3 months ago
- Blockchain
Today, the Reserve Bank in collaboration with the Digital Finance Cooperative Research Centre (DFCRC) demonstrated the selected organisations exploring potential use cases and economic benefits of a central bank digital currency (CBDC) in Australia with a live demonstration.
Saxo Bank Reaches Historic Milestone, Surpassing More than USD 100 billion in Client Assets
- 3 years 3 months ago
- Banking
Saxo Bank announces a significant milestone as it surpasses USD 100 billion in client assets. This remarkable achievement underscores Saxo Bank's growth in the number of both clients and deposits, and solidifies its position as a leading financial provider amidst a challenging macro-economic environment.
Natwest to Provide £1Billion in Additional Lending to UK Manufacturing to Support Net Zero Transition
- 3 years 3 months ago
- Lending
NatWest has announced that, from today, it aims to provide an additional £1billion in lending to the UK Manufacturing sector by the end of 2030, aiming to stimulate growth in the sector and help manufacturers invest in cleaner, more efficient forms of energy generation and use, with lending deployed through loans, asset finance, and overdrafts.
Ledgible and FINOA Integration: Empowering Institutional Investors in Crypto
- 3 years 3 months ago
- Cryptocurrencies
The world of cryptocurrency is rapidly evolving, and the need for reliable, secure, and compliant solutions for managing digital assets has become more important than ever. Ledgible and Finoa have joined forces to create an API integration that will allow institutional investors to seamlessly access and manage their crypto assets, further expanding the reach and capabilities of both platforms.
Polymesh Joins NayaOne Network, Enabling Financial Services Industry to Harness the Power of Blockchain Technology
- 3 years 3 months ago
- Blockchain
Polymesh, the leader in public-permissioned blockchain, announced today its integration into the ecosystem of NayaOne, a leading digital transformation platform for the financial services industry. This integration provides exciting opportunities for financial institutions to effectively and efficiently leverage the benefits of blockchain technology and build innovative products tailored to their unique needs.
NYMBUS Raises $70 Million in Series D Funding, Bolstered by New and Returning Investors
- 3 years 3 months ago
- Fundraising News
NYMBUS®, a premier provider of cutting-edge financial technology solutions, is proud to announce the completion of its Series D funding round of $70 million, made up of new and repeat investors.
Vantage Unveils Loyalty Programme to Make Trading More Rewarding for Clients
- 3 years 3 months ago
- Trading Systems
Multi-asset broker Vantage (or "Vantage Markets") has unveiled
