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Wells Fargo managing director Mike Mayo has claimed he expects automation to eliminate over 100,000 banking jobs over the next five years.
A recent report by security firm ThreatQuotient has found an overwhelming majority of UK senior cybersecurity professionals intend to automate more in the next 12 months.
Tax and accounting and automation company TaxBit has reeled in $130m from a Series B round, passing the $1bn valuation landmark in the process.
The current way banks are handling money laundering alerts is not sustainable. If they do not want to continue rapidly expanding compliance teams each year, they need to look towards automation technology.
Belgian IT company IntellectEU has introduced VELMA, an AI platform that allows financial advisors to offer ‘hyper-personalisation’ in the wealth management sector.
UK-based FinTech Monva has secured £451,905 in fundraising on crowdfunder Crowdcube – more than double its original target.
US cybersecurity business Bryter has snared $66m following a successful Series B round led by Tiger Global.
Ketch officially comes out of stealth with a $23m Series A funding round with the aim to automate data compliance for businesses.
Bookkeeping and accounting software startup Countingup closed a £9.1m Series A investment round led by Framework Venture Partners.