Banking Infrastructure

Australian FinTech Zeller snares A$50m to accelerate banking platform development

Australian business banking alternative Zeller has secured A$50m from a recent funding round to supercharge the development of its integrated business banking platform.

BAE survey details steep hike in cybercrime during pandemic

A BAE Systems survey has found nearly three-quarters of financial organisations have experienced a rise in cybercrime since the beginning of the Covid-19 pandemic.

Neobank FloBiz seeks expansion following Sequoia-led Series B

Flobiz, an Indian neobank for small-and-medium sized businesses in India, has secured $31m in funding from a Series B round.

UiPath said to net $120m at $1bn+ valuation

UiPath, a robotic process automation developer, has reportedly closed a $120m investment, at a valuation of over $1bn.
NAB and Trovata collaborate to revolutionise corporate cash management

NAB and Trovata collaborate to revolutionise corporate cash management

National Australia Bank (NAB) and Trovata have announced their partnership, making strides in the world of FinTech.

South African API FinTech startup Stitch raises a $4m seed round

FinTech firm, Stitch secured a seed round of $4m, making it the largest round raised by any API startup in Africa at the moment.

Treehouse secures $18m for DeFi Analytics

Treehouse, a Web3 company transforming on-chain data into metrics to help decentralised finance (DeFi) investors make informed financial decisions, has raised $18m in seed funding.

Railsbank names Aspire as its first SME-focused challenger bank customer in South-East Asia

UK-headquartered open banking platform Railsbank has revealed that that Singapore-based Aspire has become the first SME-focused challenger bank in South-East Asia to use its Singapore dollar bank accounts.

Cybersecurity, InsurTech and neobank ventures led the 29 FinTech rounds raised last week

Out of the 29 FinTech funding rounds we reported on last week, cybersecurity companies, InsurTechs and challenger banks were among the clear winners.

UBS expands US foothold with Wealthfront take-over

Investment bank UBS has entered into an agreement to acquire automated wealth management provider Wealthfront in a $1.4bn all-cash deal.

News Stories

How the world's top banks and insurers are adopting GenAI tools

How the world’s top banks and insurers are adopting GenAI tools

In recent years, the integration of generative artificial intelligence (GenAI) tools within the financial sector has seen remarkable growth. A study conducted by ORX, a leading operational risk association, reveals that 75% of the world’s major banks and insurers are now utilizing external GenAI applications in their operations.
UK-based PeppercornAI bags £3.25m for AI-driven insurance solutions

UK-based PeppercornAI bags £3.25m for AI-driven insurance solutions

PeppercornAI, an InsurTech specialising in conversational artificial intelligence, has successfully raised £3.25m.
Encompass Corporation welcomes Stuart Barnard as new CFO

Encompass Corporation welcomes Stuart Barnard as new CFO

Encompass Corporation, a pioneer in Corporate Digital Identity (CDI), has recently announced the appointment of Stuart Barnard as its first Chief Financial Officer (CFO).
Unlocking the power of KYC Portal CLM in modern due diligence

Unlocking the power of KYC Portal CLM in modern due diligence

In the complex world of finance, due diligence is essential for protecting a company’s reputation and financial well-being. As customer demands for convenience increase and regulatory scrutiny intensifies, finding a balance is more important than ever. The solution lies in an innovative tool—KYC Portal Customer Lifecycle Management (CLM). The RegTech company recently compiled a guide on its role in enhancing due diligence processes.
Apax Digital Funds backs IANS Research with new investment to boost InfoSec services

Apax Digital Funds backs IANS Research with new investment to boost InfoSec services

IANS Research, a leading provider of independent research and advisory services for the information security industry, has just secured a significant investment from Apax Digital Fund II. 

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