General News

March 10, 2023 @ 12:33 pm By Omar Faridi  |  

Banking as a Service (BaaS) company Synctera announced that it is partnering with the National Bank of Canada in order “to help companies build and launch FinTech apps and embedded banking products in Canada.” Synctera announced “a $15 million strategic investment, led by NAventures (the… Read More

March 10, 2023 @ 9:09 am By JD Alois  |  

Yesterday, CI received multiple texts from Fintech insiders that expressed their worries about Silicon Valley Bank (NASDAQ:SIVB), a bank favored by startups. Shares in the bank tanked by over 60% yesterday as investors rushed for the exit. The cause of concern was the announcement by… Read More

March 9, 2023 @ 12:53 pm By JD Alois  |  

NMB Bank, a commercial bank headquartered in Dar es Salaam, Tanzania, has listed its first “gender bond” on the Luxembourg Green Exchange (LGX). The bond holds a face value of  TZS 74 billion or the equivalent to USD $ 32 million). In a special event… Read More

March 9, 2023 @ 11:07 am By Omar Faridi  |  

Lumen Technologies (NYSE: LUMN) has partnered with Syndio, which claims to be one of the world’s leading workplace equity analytics platforms, in order “to advance its pay equity goals.” Kate Johnson, president and CEO, Lumen, said: “We are committed to rebuilding Lumen starting with our… Read More

March 9, 2023 @ 9:12 am By Omar Faridi  |  

Grasshopper, the “client-first” digital bank built for the business and innovation economy, recently announced steady growth and solid momentum for the year ending 2022. The bank has reportedly “expanded its management team, relaunched last March with a new vision, and has built strong lines of… Read More

March 8, 2023 @ 11:57 pm By Omar Faridi  |  

Deep Instinct, the first company to apply deep learning to cybersecurity, today announced an investment from PayPal Ventures. This investment further “validates confidence in Deep Instinct’s unrivaled ability to see cyber threats well before other solutions can.” The funding will help further “accelerate Deep Instinct’s… Read More

March 8, 2023 @ 4:22 pm By Omar Faridi  |  

Opkit has launched with an automated health insurance verification platform that is purpose-built for the new telehealth companies and virtual medical clinics that are “providing care for a wide range of patients across the United States.” The startup, which “participated in Y Combinator, is emerging… Read More

March 8, 2023 @ 8:35 am By Omar Faridi  |  

Northern Trust (Nasdaq: NTRS) announced that UK-based asset manager Redwheel is now using its data aggregation tool, developed by its strategic partner, Equity Data Science, Inc., in order “to enhance ESG integration across its investment business.” Founded in 2000 and formerly known as RWC Partners,… Read More

March 7, 2023 @ 8:07 pm By Omar Faridi  |  

Lightico, a provider of digital customer interactions, announced its integration with Innovis, a leading provider of fraud prevention solutions, “to provide its authentication tool, FailSafe®, to manage fraud risk.” The phone ID verification tool will “assist current and future Lightico customers with fraud detection and… Read More

March 7, 2023 @ 10:09 am By JD Alois  |  

The French Autorité des Marché Financier (AMF) has launched a “mystery shopper” campaign to gain first-hand experience as to how banks are treating their customers. What the regulator uncovered clearly fell short of what old banks should be doing. The AMF notes that it has… Read More

March 7, 2023 @ 9:56 am By JD Alois  |  

UK-based Fintech Tide has published a survey that indicates women founders find it difficult to access capital. According to the survey, limited access to capital is the top issue for starting a business. Tide reports that more than half, or 53% of women across the… Read More

March 7, 2023 @ 8:40 am By Omar Faridi  |  

Lendable is pleased to build its Analytics and Business Intelligence team with the addition of Federico Mambelli. Lendable Head of Analytics and Business Intelligence, Olivia Johnson, said: “We are delighted to welcome Federico to the team, who brings a wealth of experience in economic and… Read More

March 7, 2023 @ 6:47 am By Omar Faridi  |  

Cambridge Mobile Telematics (CMT), which claims to be the world’s largest telematics service provider, announced that it has acquired Amodo, a telematics company based in Europe. The acquisition brings together two telematics companies “with large and growing footprints in Europe, giving Amodo’s customers access to… Read More

March 7, 2023 @ 5:37 am By Omar Faridi  |  

Amazon Web Services (AWS), an Amazon.com, Inc. company (NASDAQ:AMZN), announced plans to launch an AWS infrastructure Region in Malaysia. The new AWS Region will “give developers, startups, entrepreneurs, and enterprises, as well as government, education, and nonprofit organizations, greater choice for running their applications and… Read More

March 6, 2023 @ 4:04 pm By Omar Faridi  |  

Quantum Brilliance, the developer of room-temperature miniaturized quantum computing products and solutions, announced the launch of its Qristal software suite, “enabling R&D teams to explore integrating quantum systems in real-world applications in a critical step towards practical utility of the technology.” With Qristal, developers and… Read More

March 6, 2023 @ 11:27 am By Omar Faridi  |  

CAPE Analytics, which claims to be the leader in AI-powered geospatial property intelligence, announced its integration with insurance carrier American National in order to enhance its risk management and underwriting processes “by leveraging CAPE property insights.” Working with CAPE geospatial property insights will “allow American… Read More

March 6, 2023 @ 10:09 am By Omar Faridi  |  

Clear Capital, a national real estate valuation technology company, announced the launch of Universal Data Collection (UDC), the latest in the company’s suite of products designed “to support appraisal modernization.” UDC supports Fannie Mae’s newly announced Value Acceptance + Property Data program, as well as… Read More

March 6, 2023 @ 6:56 am By Omar Faridi  |  

Six in ten (63%) UK accounting and finance professionals are “concerned over the accuracy of their company’s monthly financial statements,” according to new research published by FloQast, a provider of accounting workflow automation. Accounting and finance teams are feeling “the pressure of the recessionary environment,… Read More

March 5, 2023 @ 3:03 pm By Omar Faridi  |  

Immuta, a data security firm, announced an additional strategic investment to its Series E funding round from ServiceNow. This investment reportedly comes “at a time of immense growth for Immuta and its Data Security Platform SaaS offering, which saw annual recurring revenue increase by 200%… Read More

March 3, 2023 @ 5:09 pm By JD Alois  |  

While January was dismal, February delivered a bit of bounce in Reg CF activity, according to Crowdfund Capital Advisors (CCA). The improvement in February reverses a downward trend that started in October. CCA reports that its Online Investment Index, which tracks the top 50 deals,… Read More