Private equity firm Warburg Pincus is acquiring a 35% stake in Swiss financial software firm Avaloq. The deal will see Warburg Pincus pump a reported $300m into the Zurich-based company.
The UK branch of the Spanish bank Santander has enlisted the services of cloud-banking developer nCino to refresh some of its systems.
NYMBUS, which develops banking technology, has raised $53m in its funding round to support its rising demand.
Japanese Sony Bank has unveiled a new English-language online banking service to make it easier for foreigners to open and manage their accounts.
New York-based startup OpenFin has landed $15m in its Series B round from a host of Wall Street firms and their venture arms for its financial desktop applications operating layer.
Financial services, insurance and other regulated industries-focused software provider Messagepoint has received a boost thanks to backing from buyout, growth and mezzanine investor NewSpring.
Texas-based commercial banking, mortgage banking and institutional services provider NexBank Capital has scored a $20m common equity raise.
Saylent, a provider of data analytics and targeted marketing automation software for financial institutions, has formed a partnership with BankFirst Financial Services.
Despite nearly all commercial banks using AI, only 19% are using the technology holistically across the enterprise, according to a study from Genpact.
A new study from Deloitte claims that 34% of banks have implemented digital account opening as a result of the coronavirus pandemic.