Blockchain-based data platform Datawallet closes ICO on $40m hard cap

C2B blockchain-based data exchange Datawallet has closed its ICO on its $40m hard cap.

Rating agency Credit Kudos collects £5m in Series A

Credit Kudos, which claims to be a different kind of credit reference agency, has reportedly secured £5m in its Series A.

Yukka Labs launches Trend Lab service as it explores deep learning benefits

Financial industry trends and news provider Yukka Labs has launched its News & Trend Lab service, as the company explores the benefits deep learning can offer.

Sychronoss Technologies sells its Intralinks subsidiary for $1bn

Cloud, messaging and digital solution provider Synchronoss Technologies has sold its wholly owned subsidiary Intralinks to Siris Capital Group in a deal worth $1bn.

The biggest mistakes financial firms make when collecting data

Getting big data right can help businesses make money and follow the law. So why do financial firms get it wrong?

Italy-based Finscience said to bag €1m seed round

Italy-based stock market analysis platform Finscience has reportedly closed a €1m seed round of funding.

BlackCurve closes £500k Seed investment from Merica

Pricing management company BlackCurve has closed a £500,000 Seed investment from Merica Fund Managers.

Apttus collects Series E from IBM

Apttus, a quote-to-cash and contract lifecycle management company, has additional funding to its Series E funding round from IBM.

SmartAction completes investments from Staley, TVC

AI-powered customer self-service platform SmartAction has completed investments from Staley Capital and TVC Capital.

AI simulation developer Simudyne partners with PwC

Simudyne, a company that creates AI-powered simulations for banks, has formed a partnership with PwC to boost financial services predictive power for the future.

News Stories

Big businesses responsible for major cyber vulnerabilities in the UK

Lots of financial services companies leave themselves exposed to hacks by using unpatched services, according to a new report by Rapid7.

Revolut’s losses more than tripled to £107.4m last year

Revolut annual losses jumped from £32.8m in 2018 to £107.4m in 2019, but the neobank is still hoping to break even by 2021.

Metro Bank launches SME receipt management tool as its reeling from £900m accounting mistake

Metro Bank has launched new app tools for businesses to manage their receipts as the company itself is still recovering from last year's accounting scandal.

MAS urges finance companies to moderate dividends for the financial year

The Monetary Authority of Singapore (MAS) has called for finance companies incorporated in Singapore to cap their total dividends per share for the financial year 2020 at at 60% of 2019’s level.

Singapore’s Incomlend bags $20m Series A round to democratise trade finance

Shipping companies face many monetary uncertainties, but Incomlend hopes to alleviate some of those concerns on the back of its new $20m Series A round.

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