Banking Infrastructure

Digital bank Grasshopper raises $30.4m

Digital commercial bank Grasshopper has closed a $30.4m in a funding round, which brings its total capital raised to $160m.

Sokin links with Visa to offer digital accounts across Asia Pacific

Payments provider Sokin has teamed with Visa to roll-out its global currency account and debit cards across Asia Pacific.

Santander becomes majority stakeholder in Ebury after £350m deal

Ebury, a trade and foreign exchange facilitator for small and medium-sized companies, has collected £350m in an investment from Banco Santander.

Lightico snares $15m in Capital One-backed Series B

US customer interaction firm Lightico has secured $15m from a Series B funding round led by Capital One Ventures.

Cloud-banking nCino has filed for an IPO

Cloud-banking scaleup nCino has filed a Form S-1 at the U.S. Securities and Exchange Commission, thus officially kicking off the process to go public.

Deutsche Bank acquires Quantiguous Solutions to support Open Banking development

Deutsche Bank has acquired India-based Quantiguous Solutions, an API solution developer for financial institutions.

LSE agrees to $27bn deal for Blackstone-backed Refinitiv

London Stock Exchange Group has agreed to buy Refinitiv in a $27bn deal with a Blackstone-led consortium and Thomas Reuters.

SS&C acquires data provider Intralinks in $1.5bn deal

SS&C Technologies has acquired Intralinks, a data provider for global banking, deal making and capital markets, in a $1.5bn deal.

Nium said to raise $80.4m for its ongoing Series D

Financial infrastructure platform Nium has reportedly secured $80.4m in its ongoing Series D round.

Reconciliation solution Recko closes its Series A

Recko, an AI-powered reconciliation of digital transactions service, has scored $6m in its Series A round which was led by Vertex Ventures.

News Stories

New Zealand’s central bank unveils climate risk management blueprint for finance

The Reserve Bank of New Zealand – Te Pūtea Matua has taken a significant step towards fostering a stable financial system in New Zealand with the publication of a new Guidance aimed at helping regulated entities manage climate risks.

Philippines steps up financial innovation with new payment systems regulations

The Bangko Sentral ng Pilipinas (BSP) has introduced the Manual of Regulations for Payment Systems (MORPS),
FCA

FCA cracks down on misleading financial ads on social media

The FCA has issued a clarion call to firms and finfluencers on the imperative of maintaining legality and clarity in their social media advertisements.
How wealth management firms can get ready for generative AI

How wealth management firms can get ready for generative AI

Earlier this month, OpenAI unveiled its latest advancement in the world of generative AI, Sora. Unlike ChatGPT, its previous revolution in the world of generative AI, Sora allows users to build realistic videos from simple text instructions, potentially providing businesses with another tool to transform operations, such as marketing.
Vayana TradeXchange and Arqit forge partnership to revolutionise global trade finance

Vayana TradeXchange and Arqit forge partnership to revolutionise global trade finance

Vayana TradeXchange has announced a groundbreaking partnership with Arqit Quantum, also known as Arqit. This collaboration is set to harness Arqit’s TradeSecure™ digital negotiable instrument technology to revolutionise international supply chains.

Download the free AIFinTech100 report

FREE

Download the AIFinTech100 report for 2023 with details on each solution

120,000+ FinTech leaders get exclusive industry stories delivered every week