Shawbrook Bank Turns to SAS Viya on Microsoft Azure
- 2 years 8 months ago
- Banking
Shawbrook Bank, expert providers of personal loans, residential and commercial mortgages, SME finance, and savings products, has implemented SAS® Viya® on Microsoft Azure to enhance its application of analytics, mitigate risk and better meet customers’ evolving needs.
Mayfair Group Investment to Develop New State of the Art, Purpose-built Medical Centre in Leeds Following £3M Loan from OakNorth
- 2 years 8 months ago
- Investment
OakNorth, the neobank for entrepreneurs, by entrepreneurs, has provided a £3m loan to Mayfair Group Investment, a leading developer, investor, and manager of healthcare, commercial, and residential property.
Brightside AI Secures $1M in Funding
- 2 years 8 months ago
- Fundraising News
Brightside AI, a pioneering firm in the cybersecurity landscape, has recently marked a significant milestone by securing $1m in funding. The company has successfully secured a substantial investment of $1 million from Social Links, a key player in OSINT infrastructure.
Rich Data Raises $17.5M in Series B
- 2 years 8 months ago
- Fundraising News
Rich Data Co (RDC), an AI-based credit risk decisioning firm based in Sydney, Australia, has raised AUD 28 million ($17.5 million) in a Series B funding round, powering its plans for a North American expansion. The round was led by Australian heavyweight bank Westpac and cloud-based financial services platform nCino.
365 Finance Rebrands and Launches Rev&U™ Sme Funding
- 2 years 8 months ago
- Financial
365 Business Finance has rebranded as 365 finance, launching a brand-new website to reflect the simplicity of flexible funding and to make the application process even quicker for SMEs in the UK. Businesses can now apply for up to £400,000 of funding with 365 finance’s Rev&U™ revenue-based finance product which offers all the same benefits as before, but is now more accessible due to a revolutionary AI-powered automated underwriting system.
Mamo Becomes Visa Principal Member in the UAE and Expands Partnership with Visa to Revolutionize SME Financial Services Across the MENA Region
- 2 years 8 months ago
- Payments
Having successfully completed Visa’s FinTech Fast Track Programme, Mamo, a leading Fintech company based in the UAE, announced that it has now become a principal member of Visa in the UAE. This is a momentous milestone for the company that happens after signing a five-year partnership agreement with Visa across the MENA region and launching the Corporate Visa Card program earlier in 2023.
61% of Brazilians That Travel Abroad Still Use Cash
- 2 years 8 months ago
- Cash management
Revolut, a global financial app with over 35 million customers around the world, identified that 61% of Brazilians who travel abroad still use cash and buy foreign currency in exchange brokers. The information is part of a study developed by the company to understand the behaviors of Brazilian travelers when it comes to financial products for international travel.
CISI Appoints Chris Clark and Sushil Saluja as New Members of the Board
- 2 years 8 months ago
- People Moves
The Chartered Institute for Securities & Investment (CISI) Board have appointed Christopher Clark Chartered MCSI and Sushil Saluja as new members of the Board. The CISI Board is comprised of representatives who are typically drawn from the financial services sector and meets five times a year.
Swift Connects Instant Payment Systems to Bring Round-the-Clock Processing Across Borders
- 2 years 8 months ago
- Payments
Cross-border payments destined for Europe can now reach beneficiaries in seconds through seamless connection to instant domestic payment systems, with full transparency and end-to-end tracking powered by Swift.
Plum Announces Strategic Partnership with Eurobank
- 2 years 8 months ago
- E-Wallets
Plum, the smart money app, has announced today a strategic partnership with Eurobank, one of the leading Greek financial institutions, aimed at offering customers in the region a fully digital wallet focused on digital savings and investments.
Plinqit Experiences Strong Growth and Helps Banks Grow Deposits, Supported by Praxent
- 2 years 8 months ago
- Financial
Plinqit, the first platform that brings together automated savings, data-driven financial wellness content and virtual account management, has recently experienced significant growth as more financial institutions look to technology to help customers save and grow. The company has partnered with Praxent, a financial services digital consulting and development firm, to help power this ongoing momentum.
Trading Technologies’ TT® Platform Captures Derivatives Trading System of the Year at 2023 FOW International Awards
- 2 years 8 months ago
- Trading Systems
For the second consecutive year, global markets technology platform provider Trading Technologies International, Inc. (TT) captured the award for Derivatives Trading System of the Year for its TT platform at the 2023 FOW International Awards. The awards were presented at a dinner ceremony last night, following the Trading London Conference.
PayGround Announces $19.7M Oversubscribed Series A Funding Round
- 2 years 8 months ago
- Fundraising News
PayGround, a healthcare fintech payments platform, today announced closing a $19.7M oversubscribed Series A financing led by SixThirty with participation from Rally Ventures, IA Capital Group, FCA Venture Partners and Plug and Play Ventures.
NomuPay Accelerates Growth Through Acquisition of Total Processing
- 2 years 8 months ago
- Payments
NomuPay, a modern end-to-end payment platform purpose-built for expansion into regions of high cross-border and e-commerce growth, has acquired merchant services and bespoke payment processing solution provider, Total Processing. Terms of the deal have not been disclosed. NomuPay has confirmed the deal is a mixture of stock and cash.
Financial Organisations 13% More Likely to Suffer a Ransomware Attack Than Other Sectors, Finds Thales Data Threat Report
- 2 years 8 months ago
- Security
Thales today released the latest iteration of the 2023 Thales Data Threat Report – Financial Services edition. This year’s report finds much higher levels of credential-based attacks in this sector than the average enterprise (56% versus 42%), with greater concerns around ransomware, quantum computing and even human error leading to breaches.
