Global Fintech Fundraising Fell in First Half of 2019, with Decline in China Offsetting Gains in the US and Europe, Accenture Analysis Finds
- 6 years 5 months ago
- Digital Identity, Consultancy
Global investment in financial technology (fintech) ventures fell sharply in the first half of 2019, as fundraising and deal activity in China that had soared a year earlier ground to a halt, partially offsetting strong gains in the U.S., U.K. and several other European countries, according to Accenture (NYSE: ACN) analysis of data from CB Insights, a global venture-finance data and analytics firm.
Abacus Group Named to Inc. Magazine’s Annual List of America’s Fastest-Growing Private Companies—the 2019 Inc. 5000
- 6 years 5 months ago
- Financial, Technical
Inc. magazine today revealed that Abacus Group, a leading provider of hosted IT solutions and services for alternative investment firms, has been named to the 2019 Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies.
Calypso and 2021.AI team up to leverage AI in financial institutions
- 6 years 5 months ago
- Artificial Intelligence, Trading Systems
Calypso Technology Inc. and 2021.AI are joining forces in a new partnership with the aim of optimizing back-office processes for Calypso’s global client base. Combining their distinctive competencies by delivering state-of-the-art AI models and with access to 2021.AI’s Grace AI platform, Calypso continues to offer the best solutions to their clients while remaining at the forefront of the latest technologies.
finleap gears up to become Europe’s leading financial technology provider
- 6 years 5 months ago
- Retail Banking
finleap strengthens its position as a fintech SaaS provider to financial institutions and introduces its new business unit finleap connect. The fintech platforms finreach solutions and infinitec solutions will become part of this business unit. Furthermore, the existing finleap team will proceed with its work as finleap assets and finleap build.
FCA agrees plan for a phased implementation of Strong Customer Authentication
- 6 years 5 months ago
- Security and Compliance
From 14 September 2019, new European Union (EU) rules will start to apply that impact the way in which banks or payment services providers verify their customers identity and validate specific payment instructions. The new rules, called Strong Customer Authentication (SCA), are intended to enhance the security of payments and limit fraud during this authentication process.
Modulr awarded £10m from Capability & Innovation Fund to transform how Accountants manage payments for SMEs
- 6 years 5 months ago
- Payments
Modulr, the Payments as a Service API platform for digital businesses, has secured £10m from Pool C of the
Blockchain giant R3 announces plan to open new Dublin office amid further expansion
- 6 years 5 months ago
- Blockchain
R3, the enterprise blockchain software firm, announces plans to open its second European office in Dublin in 2020, as part of its rapid expansion plans. The office will serve as another of R3’s tech hubs and will be primarily staffed by engineering specialists who will work closely with the existing Engineering team in London.
Commerzbank and LBBW have set a new milestone in the digitalisation of commercial transactions based on blockchain technology
- 6 years 5 months ago
- Blockchain, Trade Finance
LBBW and Commerzbank have once again executed a trade transaction between Voith and KSB SE, via the Marco Polo trade finance network, built on R3’s distributed ledger technology (DLT) platform, Corda. This time, besides the two companies involved, logistics provider Logwin AG was incorporated into the digital process chain – directly, and in real time. This represents a milestone in the expansion of the digital trade finance ecosystem.
Advanced Attracts Investment From BC Partners
- 6 years 5 months ago
- Digital Identity, Cloud
Advanced has announced it has secured an investment from Funds advised by BC Partners (“BC Partners”), a leading international private equity firm. The funds from BC Partners will support Advanced’s rapid growth aspirations to become the number-one provider of business software solutions in the UK, whilst expanding its global footprint.
Klarna reveals that online retail SMEs in the UK are open to innovation but barriers prevent widespread adoption
- 6 years 5 months ago
- Payments
New research launched today by global payments provider Klarna reveals that online SME retailers in the UK might be small in size, but are increasingly open to new technologies and innovation to help drive growth over the next year.
Asia is ahead of Europe by the popularity of P2P lending
- 6 years 5 months ago
- Alternative Finance, P2P Lending
The analysis of search queries related to P2P lending, which was conducted by the international fintech holding Robocash Group, has shown that relative popularity of P2P lending in many Asian countries is much higher than in some European countries.
Mambu Earns Acclaim from Frost & Sullivan for Accelerating Customers' Time-to-market with its Cloud-based Core Banking Platform
- 6 years 5 months ago
- Platform Technology, Cloud, SaaS
Based on its recent analysis of the global banking platform market, Frost & Sullivan recognises Mambu with the 2019 Global Customer Value Leadership Award for enhancing client capabilities through its banking platform. The platform supports banks through their changing requirements with a mix of relevant products and services that are aligned to market demand.
Drawbridge Partners Announced the Launch of DrawbridgeConnect™ Platform
- 6 years 5 months ago
- Security and Compliance, Security, Consultancy
Drawbridge Partners, a premier cybersecurity services firm specializing in the needs of hedge fund and private equity managers, today announced the launch of DrawbridgeConnect™, an automated management platform which allows firms the ability to manage all aspects of their cybersecurity program.
Banking on your voice
- 6 years 5 months ago
- Banking, IT Innovations
NatWest customers will be able to bank from home using just their voice with the launch of a pilot using innovative voice technology enabling customers to do banking through the Google Assistant on their Google Home smart speaker or smartphone. The pilot of 500 customers will run for three months.
iFinancial to take advantage of Tatum’s blockchain API platform
- 6 years 5 months ago
- Blockchain
Following the launch of Tatum’s revolutionary Blockchain API Platform, International Financial System Ltd (“iFinancial”) have agreed to a global partnership with Tatum Limited (“Tatum” ). iFinancial is author and supplier of integrated real-time software solutions to banks and other financial institutions worldwide. The software reflects the diversity of the multi-faceted financial industry and provides a range of solutions that meet the needs...
