Baidu backs ZestFinance for big data credit scoring

Los Angeles-based ZestFinance has received a strategic investment form Chinese web giant Baidu.

Israel to fast track around 2,000 licenses for FinTech and blockchain companies

Israel’s government is reportedly set to fast track around 2,000 FinTech and blockchain companies currently looking to get licences from the country’s regulator.

Carl Warren & Company to integrate InsurTech ACD’s solutions

Claims-management tech firm ACD’s technology is helping third-party administrator Carl Warren & Company manage and streamline the company’s national physical damage appraisal process.

Circuit breakers reduce the risk of market volatility, ESMA finds

The European Securities and Markets Regulator (ESMA) has determined that circuit breakers can have significant impact on market volatility.

Lovell Minnick backs foreign exchange trading software specialist oneZero

Financial services-focused investment major Lovell Minnick has picked up a minority stake in foreign exchange trading software and tech supplier oneZero.

TransferWise closes $280m round from OMGL, IVP

Money transfer platform TransferWise has closed a $280m investment round led by Old Mutual Global Investors and IVP.

BitFury lands $30m in deal with Credit China FinTech

Bitcoin and blockchain infrastructure and security provider BitFury has landed $30m from Chinese financial services provider Credit China FinTech.

Dynamo Software acquires data, reporting company HoldingsInsight

Investment management platform Dynamo Software has acquired data capture and reporting solution HoldingsInsight.

Vertafore acquires VUE to improve distribution management

Digital insurance software provider Vertafore has acquired VUE Software to establish a more powerful insurance distribution management platform.

Personal Capital secures $15m credit extension from Silicon Valley Bank

Digital wealth manager Personal Capital has secured a $15m credit extension by Silicon Valley Bank.

News Stories

Millennials less aware about phishing threats than other age groups as nine out of...

Just because they are digitally native, it doesn’t mean that millennials are better at cybersecurity than their older peers.

Pine Labs secures investment from Mastercard

Pine Labs, a payment acceptance software builder, has received an investment from Mastercard as part of a new partnership.

BNP Paribas boosts partnership with Tink to reach Italian customers

BNP Paribas has extended its partnership with open banking platform Tink to supply its customers with more personal finance tools.

Banks refuse to reimburse fraud if consumer ignores any warning message

Banks are refusing to cover losses in fraud cases if they can prove they show fraud warnings at the point of purchase, according to a study from Which? Money.

Businesses suffer longer system outages due to ransomware attacks

Ransomware attacks are becoming more severe with businesses suffering from infections being out for up to 16.2 days on average, up from 12.1 days in the third quarter of 2019.