Global

June 4, 2023 @ 6:17 am By Omar Faridi  |  

insightsoftware, a global provider of reporting, analytics, and performance management solutions, announced the evolution of Longview Tax with capabilities for BEPS 2.0 Pillar Two. Organizations can “implement the comprehensive solution for all tax reporting challenges, or opt for a new standalone offering for BEPS 2.0… Read More

June 3, 2023 @ 10:47 pm By Omar Faridi  |  

Binance Labs, the venture capital arm and accelerator of Binance, has co-led a $6.6 million seed funding round for Fusionist, a Web3 gaming company, alongside Web2 gaming giant FunPlus in May 2022. The move aligns “with Binance Lab’s commitment to supporting early-stage Web3 gaming projects… Read More

June 3, 2023 @ 9:53 pm By Omar Faridi  |  

Chainalysis is announcing that their firm has acquired Transpose, a blockchain data and infrastructure company that makes building applications using web3 data fast and simple. Transpose customers are able “to build snappy user experiences, power wallet applications, analyze financial activity, fulfill tax and compliance requirements,… Read More

June 3, 2023 @ 9:18 pm By Omar Faridi  |  

Mambu, the cloud banking platform, has announced the departure of Chief Executive Officer and co-founder, Eugene Danilkis “effective immediately.” Eugene has “made the decision to step down after thirteen years at the company for personal reasons.” He will continue “to play an important role in… Read More

June 3, 2023 @ 6:16 pm By Omar Faridi  |  

Tandem, the UK’s “greener” bank, reports that it “delivers full year profitability for first time in the bank’s history after 12 months of strong growth.” Tandem Bank says it is “further cementing its position as one of the nation’s go-to banks for those looking to… Read More

June 3, 2023 @ 12:48 pm By Omar Faridi  |  

Global Wealthtech company GBST has appointed Simon Clare as Head of Product Innovation. In this newly created global role, Simon will “take responsibility for GBST’s innovation program, leading the charge in defining and shaping the company’s visionary strategy including its flagship Composer wealth administration platform,… Read More

June 3, 2023 @ 11:11 am By Omar Faridi  |  

Kasisto, creators of KAI, the digital experience platform for the financial services industry, announced the launch of KAI-GPT, the world’s first banking-specific large language model (LLM), designed to address the industry’s unique needs for accuracy, transparency, trustworthiness and customization. Powered by KAI-GPT, KAI Answers is… Read More

June 3, 2023 @ 11:02 am By Omar Faridi  |  

Regnology, a software provider with a focus on regulatory reporting solutions, announces today it expects to sign a definitive agreement to acquire Invoke, a French-based provider of financial, regulatory, and tax reporting solutions for supervisory authorities, and reporting entities. On completion of the agreement, the… Read More

June 3, 2023 @ 10:27 am By Omar Faridi  |  

HAYVN, a digital asset focused financial institution delivering Payments, Trading, Custody, Asset Management and Research services, has obtained a Virtual Asset Service Provider (VASP) license from the Lithuanian Financial Crime Investigation Service (FNTT). This regulatory approval “complements HAYVN‘s existing regulatory framework in the UAE, the… Read More

June 3, 2023 @ 9:49 am By Omar Faridi  |  

Red Flag Alert are the UK’s provider of business data intelligence and analytics to predict growth, global compliance risk and insolvency, based in Manchester. The company have “announced £ 4.5 million in funding from Foresight and Uncapped.” The company, based in Manchester, where it “employs… Read More

June 3, 2023 @ 8:47 am By Omar Faridi  |  

Proxymity, the digital investor communication platform, and Clearstream, the post-trade business for global markets, have expanded their partnership “to create a digital general meeting announcement solution.” Historically, communication between issuers and investors was “initiated through multiple disparate sources and using different modalities, causing delays and… Read More

June 3, 2023 @ 6:07 am By Omar Faridi  |  

Australians selling unwanted or used items on Facebook Marketplace, Gumtree and other online websites are “being urged to remain vigilant as new data reveals a spike in scams.” Customer reports of goods and services scams have “increased 66% in the past three months.” A third… Read More

June 2, 2023 @ 3:22 pm By Omar Faridi  |  

Tink, Europe’s open banking platform, and ecolytiq, a climate engagement solution, are collaborating to incorporate financial and sustainability-focused coaching into a seamless experience. By combining the power of money management tools with climate education tools,  Tink will make it possible “for new and existing customers… Read More

June 2, 2023 @ 3:17 pm By Omar Faridi  |  

Quantinuum, which claims to be one of the world’s largest quantum computing companies, and HSBC are pleased “to announce a series of exploratory projects that exploit the potential near- and long-term benefits of quantum computing for banking with specific projects in cybersecurity, fraud detection, and… Read More

June 2, 2023 @ 12:09 pm By Omar Faridi  |  

Standard Life, part of Phoenix Group, has partnered with Moneyhub, the open finance data and payments fintech, “to enhance its digital app and dashboard, rolling out its own open finance powered tool, Money Mindset, to its existing 1.5 million workplace pension scheme members.” The addition… Read More

June 2, 2023 @ 12:07 pm By JD Alois  |  

CarCrowd has topped its funding goal on Seedrs, having raised £620,000 on a £500,003 funding goal. CarCrowd is offering equity at a pre-money valuation of £3.4 million. The EIS-qualified stock sale has garnered the support of 300 investors with just a few days left in… Read More

June 2, 2023 @ 10:31 am By JD Alois  |  

Exit opportunities are vital for the private securities ecosystem to function effectively. Obviously, investors back early-stage firms to generate capital gains, and this typically happens via an acquisition, merger, or public offering. Seedrs is unique in that it offers a relatively robust secondary marketplace to… Read More

June 2, 2023 @ 9:39 am By Omar Faridi  |  

Revolut, the global financial super app, has reportedly surpassed 30 million retail customers worldwide, and is now “processing over 400 million transactions a month.” While these figures are significant, Revolut has been unable to secure a banking license in the UK (where its headquarters are… Read More

June 2, 2023 @ 9:35 am By Omar Faridi  |  

Founded by serial Fintech entrepreneur Marta Krupinska, climate scientist Dr. Gabrielle Walker and net-zero expert Mark Stevenson, CUR8 is the market maker for carbon removals. Removing carbon emissions from the atmosphere is critical “to limit global warming to 1.5 degrees and reach net zero by… Read More

June 1, 2023 @ 11:45 pm By Omar Faridi  |  

After a long period of consistent profitability, the wealth and asset management sector is “facing rising costs, shrinking margins, and intensifying consumer demands.” Firms are looking for ways “to accelerate their digital transformations, bring more of what their clients want to the table, and bolster… Read More