General News

June 25, 2021 @ 4:39 pm By Omar Faridi  |  

The Riverside Company, a multinational private investor that’s focused on the smaller end of the middle market, announced recently that it has acquired a controlling stake in Cryptomathic, a Danish provider of high-end hardware agnostic secure server solutions. Cryptomathic provides solutions to various industry sectors, … Read More

June 25, 2021 @ 12:24 pm By Omar Faridi  |  

Deserve, a provider of white-label mobile-centric API and (software development kit) SDK-based credit card tech, has secured $50 million in capital through a Series D round that was led by Mastercard. Mission Holdings and Ally Ventures also co-led Deserve’s latest investment round, along with contributions… Read More

June 24, 2021 @ 9:10 pm By Omar Faridi  |  

Jack Henry & Associates, Inc. (NASDAQ: JKHY) is an established provider of technology solutions and payment processing services mainly for the financial services sector. Today (June 23, 2021), the company confirmed that Chris King has been appointed Chief Sales and Marketing Officer after the retirement of… Read More

June 24, 2021 @ 4:00 am By JD Alois  |  

EUROCROWD, the leading European advocate for online capital formation, has published a report entitled Scaling Up Partnerships: A Blueprint For the Implementation Of Match-Funding Schemes Between Public Authorities and Crowdfunding Platforms. The report explains how to manage the use of European Structural and Investment Funds in… Read More

June 24, 2021 @ 1:12 am By Omar Faridi  |  

Accenture (NYSE: ACN) has reportedly made an investment, via Accenture Ventures, into Imburse, a Cloud-powered, payments-as-a-service enterprise platform that aims to simplify the way businesses gain access to the international payments ecosystem. Established in Zurich, Switzerland in 2018, Imburse works cooperatively with various insurers, banking… Read More

June 23, 2021 @ 11:06 pm By Omar Faridi  |  

x15ventures, which is Commonwealth Bank‘s venture-scaling unit, has chosen Stone & Chalk, Australia’s Impact Network for emerging tech startups and scale-ups, in order to assist with recruiting seasoned founders to take part in Xccelerate21, which focuses on reimagining the retail experience. Xccelerate21 is described as… Read More

June 23, 2021 @ 9:47 pm By Omar Faridi  |  

Foreside Financial Group, LLC, provider of governance, risk management, and compliance (GRC) solutions and tech offerings to customers in the global asset and wealth management sector, has reportedly acquired Hardin Compliance Consulting, LLC. The combined entity has now established one of the largest compliance consulting… Read More

June 23, 2021 @ 7:45 pm By Tony Zerucha  |  

The amount business spends on digital identity verification processes is forecast to nearly double over the next five years, data from Juniper Research suggests. The processes, which include selfie scans, address checks and knowledge-based authentication will generate a $9.4 billion spend in 2021 but grow… Read More

June 23, 2021 @ 7:43 pm By Omar Faridi  |  

A new Insurtech hub for wealth management has launched with a hybrid distribution model. Financial Independence Group has joined SIMON to provide a centralized digital platform for structured investments and various insurance products with “powerful” education and analytical tools. As mentioned in the update, wealth… Read More

June 23, 2021 @ 7:38 pm By Tony Zerucha  |  

Canadian policy group the Public Policy Forum is working with TD Bank Group to increase the financial inclusion of Canadians. The initiative builds on their current collaboration, Brave New Work, which began in 2018. It concludes this week with a virtual conference where its findings… Read More

June 23, 2021 @ 7:32 pm By Tony Zerucha  |  

Voice, data and messaging solutions provider Cloudli Communications, has acquired Omnivigil Solutions, a Quebec-based provider of cloud PBX, mass notification and call center solutions. The deal allows Cloudli to grow its customer base while simultaneously expanding its product offerings such as contact center, CRM and… Read More

June 23, 2021 @ 11:28 am By Omar Faridi  |  

Fundbox, the financial platform for small businesses, revealed on Tuesday (June 22, 2021) that they’ve appointed Hilliard Terry to their Board of Directors. As mentioned in a note shared with CI, Mr. Terry is an experienced executive leader, corporate board member and advisor to private… Read More

June 23, 2021 @ 9:25 am By Omar Faridi  |  

Analytics software company FICO recently revealed that Switzerland-based PostFinance will be protecting almost 3 million debit cards with the FICO® Falcon® Platform, an AI-enhanced payments card protection solution. PostFinance, the financial services division of Swiss Post, says it will be using the Falcon Platform to… Read More

June 22, 2021 @ 10:07 am By Omar Faridi  |  

TrueLayer, Europe’s Open Banking platform, reveals that it has launched a new approach to account ownership checks with its Verification API. As noted in the announcement from TrueLayer, the Verification API will be leveraging Open Banking along with with machine learning algorithms. This should help… Read More

June 21, 2021 @ 11:27 pm By Omar Faridi  |  

Standard Chartered (the Group) recently revealed that it will be appointing Roel Louwhoff who will be serving as the new Group Chief Digital, Technology & Innovation Officer. Louwhoff previously worked as Chief Operations and Transformation Officer at ING since 2014. According to an update from… Read More

June 21, 2021 @ 9:47 pm By Priyanka Pani  |  

Mobility app Moja Ride has partnered with Fintech O-CITY to fuel its digital innovation and future expansion plan in key West African markets. Based in Ivory Coast’s capital city Abidjan, Moja’s partnership with O-CITY comes after a series of funding rounds from leading global investors,… Read More

June 21, 2021 @ 8:51 pm By Omar Faridi  |  

ALPIMA, the software-as-a-service (SaaS) platform for investment management and product design has been selected by the BBVA for scaling its Quantitative Investment Solutions (QIS) business. ALPIMA is a business-to-business (B2B) tech and advisory firm serving banking institutions, fund managers and wealth management companies globally. Its… Read More

June 21, 2021 @ 10:58 am By JD Alois  |  

Late last month, the House Committee on Financial Services held a hearing addressing the topic of capital formation and the state of the US initial public offering market. While several witnesses focused on the rapid rise of SPACs, one witness pointed to the precipitous decline… Read More

June 20, 2021 @ 2:45 pm By Omar Faridi  |  

Dutch banking challenger Bunq has reportedly committed to a €160 million round at a €1.65 billion valuation. Bunq will also be acquiring a small business lender as part of the transaction. Bunq’s latest investment round was joined by an unnamed UK-based private equity company. As… Read More

June 19, 2021 @ 7:04 pm By Omar Faridi  |  

Atlantic-Pacific Processing Systems NV, Corp. (APPS), a Fintech holding company offering technology and financial services, has reportedly acquired Cloud-enabled software firm Clique Payments, Inc. The acquisition should allow APPS to further expand its enterprise resource planning and accounting payments integrations solutions to include QuickBooks, FreshBooks,… Read More