Crowdfund Insider

Malware Report: Banking Apps Susceptible to FjordPhantom, a Cyber Threat Targeting Southeast Banks

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Promon, the provider of application shielding technology responsible for recently uncovering FjordPhantom, an emerging cyber threat targeting banks in Southeast Asia, reveals the findings of its research into “the susceptibility of the world’s top banking apps to this sophisticated new strain of malware.” In September… Read More

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Digital Commerce Enablement Startup Ecosystem Experienced Contraction in Deal Value and Count – Report

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The e-commerce enablement startup ecosystem has reportedly experienced a modest contraction in both deal value and count in Q3, “totaling $1.6 billion across 93 deals, decreases of 16.3% and 17.0%, respectively,” according to a recent update from Pitchbook. Pitchbook noted that both figures “reflect more… Read More

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Deloitte Expands Sustainability, Climate Upskilling for Professionals

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Deloitte announced expanded collaborations with academic institutions, including MIT Sloan School of Management, NYU Stern Executive Education and Center for Sustainable Business, and most recently, Arizona State University, to “create a differentiated, integrated learning program intended to enhance Deloitte professionals’ ability to help guide clients… Read More

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Swiss Credit Fintech Teylor and Digital Asset Custody Provider Taurus to Make SME Credit Accessible

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The Swiss credit fintech Teylor and digital asset custody and tokenization provider Taurus launch the Teylor ledger-based security, aiming “to make SME credit accessible as an asset class.” Teylor originates and manages SME loans “through its Teylor credit platform.” By tokenizing part of this credit… Read More

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Eltropy, Magnifi Financial Partner on AI Service

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Magnifi Financial and Eltropy have announced a partnership regarding artificial intelligence (AI). Magnify is a $2.2 billion credit union in central Minnesota. Eltropy is a digital conversation platform for financial institutions. The new AI solution is designed to improve upon the traditional support and employee training… Read More

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ClearBank Appoints Former Starling Bank Exec Megan Cooper as Chief Product Officer

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ClearBank announced that it is appointing former Starling Bank and Barclays executive Megan Cooper as Chief Product Officer. Cooper will reportedly “lead ClearBank’s product management team and develop product strategy.” ClearBank, the enabler of real-time clearing and embedded banking for financial institutions, recently confirmed in… Read More

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British Business Bank Introduces Asset-based Lending Variant of Recovery Loan Scheme

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The British Business Bank has launched an asset-based lending variant of the Recovery Loan Scheme. The asset-based lending variant aims to “broaden the support available for small businesses in the UK to access finance through the Recovery Loan Scheme, making use of a broad range… Read More

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Trustly, an Open Banking Platform, Reports Steady Adoption of Real-Time Payments Service

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Trustly, a global enabler of Open Banking Payments, is pleased to announce that it is seeing steady  adoption of its Real-Time Payments (RTP) service and has reportedly become one of the “largest” originators on the RTP network. Specifically, Trustly’s RTP volume reportedly “grew 29% in… Read More

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UK Fintech Meniga Secures €15M via Series D to Scale Operations and Pivot Towards New Businss Strategy

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Meniga, a firm focused on personal finance management solutions, which has delivered work for large banks and financial institutions, announced that it has raised €15 million in Series D funding. The new investment round has “included European banks, Groupe BPCE and Crédito Agrícola, and the… Read More

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AI Adoption Among Financial Services Providers Is Universal, Despite Mixed Signals of Readiness – Survey

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One in five are not confident that their organizations are well-positioned to “take advantage of the potential benefits AI might bring,” according to an update from Ernst & Young LLP (EY US) which released its 2023 Financial Services GenAI Survey. Nearly all (99%) of the financial… Read More

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