General News

November 6, 2023 @ 9:21 am By Omar Faridi  |  

Accenture (NYSE: ACN) has acquired Innotec Security, a privately held company specializing in cybersecurity-as-a-service, cyber resilience and cyber risk management, expanding its capabilities and footprint in Spain. Innotec Security was previously owned by parent company Entelgy Group. Financial terms were not disclosed. Founded in 2002… Read More

November 6, 2023 @ 9:13 am By Omar Faridi  |  

Digital bank Monzo has appointed Phoebe Chibuzo Hugh, the founder of digital insurance firm Brolly, in order to help the challenger bank with entering the insurance services sector. Hugh reportedly launched insurtech Brolly back in 2016 following a couple rounds of the incubator program Entrepreneur… Read More

November 5, 2023 @ 7:58 pm By Omar Faridi  |  

The downturn that has defined the venture capital industry for much of the past two years continued in the third quarter of 2023, according to an update from Carta. The amount of capital raised by startups on Carta “declined by 38% from Q2 to Q3,… Read More

November 5, 2023 @ 6:46 pm By Omar Faridi  |  

Axway (Euronext: AXW.PA), a global API management and integration software firm,  released the results of a consumer survey showing how they expect their personal data to be shared and secured. The 2023 survey polled 1,000 American adults “about their expectations and top concerns about how… Read More

November 5, 2023 @ 3:42 pm By Omar Faridi  |  

Guidde, the video documentation platform harnessing generative AI, today announced a $11.6 million Series A funding round led by Norwest Venture Partners, joined by existing investors Entrée Capital, Honeystone Ventures, Crescendo Ventures, and new investor Tiferes Ventures. The Series A investment round comes “within a… Read More

November 5, 2023 @ 9:40 am By Omar Faridi  |  

NEAR Foundation, the non-profit that supports the growth and development of the NEAR ecosystem, announced a partnership with Berklee College of Music, the largest independent college of contemporary music and performing arts in the world. Under the terms of the agreement, Berklee has “selected NEAR… Read More

November 5, 2023 @ 7:17 am By Omar Faridi  |  

Despite a significant rise in household incomes, consumers struggling with debt are often in worse shape and further behind financially now than those who were dealing with these issues during the pandemic, according to a new study by Achieve, the digital personal finance firm. Achieve… Read More

November 3, 2023 @ 3:14 pm By Omar Faridi  |  

KPMG UK has announced the promotion of over a thousand partners and colleagues, as the professional services firm “continues to invest in the development of its talent. ” The latest round of promotions “includes 56 new partners and 116 directors.” A further 833 colleagues have also… Read More

November 2, 2023 @ 12:54 pm By Omar Faridi  |  

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, released new data revealing shoppers’ priorities this holiday season. While consumers face continued economic uncertainty, the survey of 2,000 gen pop Americans revealed “they are still planning to spend: 3 in… Read More

November 2, 2023 @ 11:38 am By JD Alois  |  

Yesterday, the US Federal Reserve decided it was prudent to hold rates where they are for the time being, and today, the Bank of England decided to do the same. The Bank of England’s Monetary Policy Committee (MPC) has a similar target with inflation as… Read More

November 1, 2023 @ 6:07 pm By Omar Faridi  |  

AU10TIX, a global technology leader in identity verification and management, announced the availability of its ID Document & Biometric Verification platform and Reusable Digital ID solution in the Microsoft Azure Marketplace, an online store providing applications and services for use on Azure. AU10TIX’s fully automated… Read More

November 1, 2023 @ 6:00 pm By Omar Faridi  |  

Kyndryl (NYSE: KD), the technology infrastructure services provider, announced the availability of new services for financial services organizations seeking to use Google Cloud to safely store and protect their confidential and sensitive data. Kyndryl’s new services are designed “to enable a unified, scalable and security-rich… Read More

November 1, 2023 @ 3:49 pm By JD Alois  |  

The US Federal Reserve held rates steady today following a meeting of the Federal Open Market Committee (FOMC). While inflation remains stubbornly high and economic activity robust, the Fed decided it was better to wait and see if the following months of rapid rate increases… Read More

November 1, 2023 @ 8:37 am By Omar Faridi  |  

Shield AI, the defense technology company building the AI pilot for aircraft, today announced it has raised $200 million in Series F funding in an oversubscribed funding round. This latest investment round, “led by U.S. Innovative Technology Fund (USIT) and co-led by Riot Ventures, with… Read More

October 31, 2023 @ 9:40 pm By Omar Faridi  |  

LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America’s leading digital marketplace bank, released key findings from the 27th edition of the Reality Check: Paycheck-To-Paycheck research series. The Savings Deep Dive Edition “examines consumers’ ability to preserve their savings in the current economic… Read More

October 31, 2023 @ 6:43 pm By Omar Faridi  |  

Small business owners are more optimistic about the future than they were a year ago, with slightly more than half (54%) “saying their business is financially healthy, but inflation is still having a negative effect.” According to the J.D. Power 2023 U.S. Small Business Banking… Read More

October 31, 2023 @ 5:28 am By Omar Faridi  |  

Thunes, the global B2B cross-border payments infrastructure company, has appointed Chloé Mayenobe as its new Chief Operating Officer. Mayenobe joins Thunes at a pivotal moment “as the company continues its strategic expansion following its successful Series C fundraising in July 2023.” A seasoned tech leader… Read More

October 30, 2023 @ 5:23 pm By Omar Faridi  |  

New data from Tradeshift shows transaction volumes across global supply chains dropped at their fastest rate in eighteen months in Q3. More than one million businesses “use Tradeshift’s business commerce network to exchange invoicing and purchase order information relating to trade transactions across global supply… Read More

October 30, 2023 @ 12:19 pm By Omar Faridi  |  

Darwinbox is pleased to announce a new strategic alliance with PwC UK – the second-largest professional services network. This alliance will help bring Darwinbox’s innovative HR solutions “across UK and EU markets, in addition to offering better and faster implementations and time-to-value for clients.” PwC… Read More

October 30, 2023 @ 8:57 am By Omar Faridi  |  

The combined business simplifies the firm’s organizational structure and better meets KPMG UK’s client needs with an ‘end-to-end’ service under one roof. The combination is already working successfully “in other KPMG member firms and aligns to KPMG’s multi-disciplinary model, enabling its people to access greater… Read More