Tagged: automation

Cloud enabled Digital Commerce Platform, Logicbroker, Secures $135M+ from K1 Investment Mgmt

Logicbroker, the Cloud-powered digital commerce platform providing full drop ship and marketplace functionality to suppliers, retailers, brands, and 3PLs, announced that it secured over $135 million from K1 Investment Management. As noted in a release shared with CI, K1 is an investment company that’s focused… Read More

Fidelity Bank Upgrades Self-Service Network with Diebold ATMs

Diebold Nixdorf (NYSE: DBD), an international leader in supporting connected commerce for the banking and retail sectors, reveals that Fidelity Bank will be replacing its self-service network with DN SeriesTM ATMs, updating to the latest technology. As mentioned in a release, the new Windows 10… Read More

Billtrust Announces Acquisition of iController, a Belgium-headquartered B2B Collections Software Provider

Billtrust (NASDAQ: BTRS), a B2B accounts receivable (AR) automation and integrated payments provider, has acquired iController, a B2B provider of intelligent solutions for collections management, “for $58 million, financed with cash on hand.” Established in 2007, Belgium-headquartered iController’s software-as-a-service (SaaS) product offering supports ” a… Read More

Galina Likhitskaya: VP, Operation and Product at HashEx Discusses Importance of Online Security, Smart Contract Use-Cases

We recently connected with Galina Likhitskaya, Vice president, Operation & Product at HashEx, an audit and consulting firm for blockchain or distributed ledger tech (DLT)-enabled projects. Galina talked about the importance of following the best or highest online security standards. She also discussed how smart… Read More

Centennial Bank Selects FINBOA for Reg E Dispute Tracking and to Increase Efficiency via Automation

Centennial Bank (NASDAQ: HOMB) has teamed up with FINBOA, an innovator in digital automation and regulatory compliance for financial institutions, in order to boost efficiency and cut down bank losses, while also enhancing client experience and empowering workers via process automation. As virtual payments and… Read More

Digital Wealth Management Platform StashAway Expands Business Operations into Thailand

StashAway, a digital wealth management platform, has officially launched in Thailand, which marks a completely new overseas market for the Singapore-headquartered Fintech firm. StashAway, which mainly offers Robo-advisory services, has already established operations in Dubai, Hong Kong, and Malaysia. The StashAway platform, currently accessible to… Read More

Astra Teams Up with Fintech Plaid to Enable Financial Tech Firms to Embed Automated Bank Transfers

Astra has announced a new partnership with Plaid in order to enable Fintech companies to embed automated bank transfers. The Astra team noted that they’re pleased to be working with Plaid, a data network powering the digital financial ecosystem, in order to offer an integrated… Read More

Serrala, a Financial Automation and B2B Payments Fintech, to Acquire Majority Investment from Hg

Serrala, an international financial automation and B2B payments software firm, has acquired a majority investment from Hg, a global software and services investor. After the deal is finalized, Serrala’s Chief Executive Sven Lindemann and existing investor, Waterland, will continue to offer support to the business… Read More

Symphony, the Markets Infrastructure Platform, to Offer Verified Directory for Financial Services Sector after Streetlinx Acquisition

Symphony, the market’s infrastructure and technology platform, confirmed that it will now provide a complete, secure and verified directory for the financial services sector as it has acquired StreetLinx, a counterparty mapping platform. This acquisition adds more than 200 institutional counterparties to the 1000+ institutions… Read More

Conversational AI and Customer Experience Automation Platform yellow.ai Secures $78M+ via Series C led by Westbridge Capital, Others

yellow.ai, a customer experience (CX) automation platform, “trusted” by over 700 enterprises internationally, reveals that it has acquired $78.15M through a Series C round, which was led by WestBridge Capital along with contributions from Sapphire Ventures, and Salesforce Ventures. As noted in a release shared… Read More

Pandemic Driving Accounts Payable Automation: Mineral Tree Report

Accounts payable and payment automation solutions provider MineralTree’s sixth annual State of Accounts Payable (AP) report details some of the effects the COVID-19 pandemic has had on business. COVID-19, remote work mandates, and supply chain dependencies all helped accelerate the digitization of businesses, especially in… Read More

Overfunding: Checkout Automation Fintech Magnetto Secures Nearly £180K via Crowdcube from 157 Investors

The team at Magnetto, which aims to challenge the traditional retail model by automating the checkout process, has raised £179,651 of its £150,000 target from 157 investors via Crowdcube. Magnetto reports a £2,367,720 pre-money valuation, a 7.05% equity, and a £0.90 share price. The company… Read More

UK based P2P Lender Blend Network Explains how to Use AutoLend Feature to Automate Lending Process

The team at UK-based P2P lender Blend Network notes that many investors active on their platform will know that they have an AutoLend feature that enables lenders to make automatic investments. Blend Network explains in a blog post that these auto investments can be made… Read More

Depository Trust and Clearing Corporation Partners with Ebix to Provide Automated Annuity Compliance Service

The Depository Trust & Clearing Corporation (DTCC), the market infrastructure for the global financial services sector, reveals that it’s teaming up with Ebix, Inc. (NASDAQ: EBIX), an established international supplier of on-demand software and digital commerce services, in order to provide an automated annuity compliance… Read More

Payables Automation Fintech Tipalti Reports 83% Revenue Growth, Plans to Expand Operations by Recruiting New Talent

Tipalti, an established payables automation firm, reportedly grew its revenue by 83% during H1 2021 when compared to H1 2020. Tipalti reports that it maintained its steady growth, exceeding $23 billion in annualized transactions in H1 2021, up considerably from $18 billion in H1 2020… Read More

Banks Struggle With Automated Identity Verification

Banks still have a long way to go in the quest to automate identity verification, research from biometric authentication services provider iProov shows. Research conducted with 20 or the largest retail US banks revealed overly complicated online onboarding processes which failed to capitalize on opportunities… Read More

Failed Payments a Costly But Avoidable Mistake

Failed payments cost the global economy $118.5 billion in fees, labor, and lost business in 2020, a study from Accuity shows. That breaks down to $41.1 billion in EMEA, $33.7 billion in the Americas and $43.7 billion in Asia-Pacific (APAC). The average bank spent $360,000 on failed payments while the average corporate firm… Read More

India based Neobanking Fintech Razorpay Explains how RazorpayX Payroll Automates All Things Payroll

Indian neobank Razorpay recently shared payroll compliance mistakes that businesses should try to avoid. The RazorPay team explains that payroll compliance is one of the “most important” processes a business performs so that it can maintain operations. All businesses in India and globally have to… Read More

Overfunding: Bookkeeping and Tax Automation Fintech Coconut Secures £918K+ via Crowdcube

Coconut, a Fintech firm that automates bookkeeping and tax for sole traders, a market of 3.5 million in the UK, has raised £918,370 from 1202 investors (at the time of writing while having a £700,000 target) through a campaign on Crowdcube. Coconut reports a pre-money valuation… Read More

Financial Markets Tech Platform Symphony Partners with Fintech Saphyre to Add AI Solutions to Workflows

Symphony, the financial markets’ infrastructure and tech platform, has teamed up with Fintech company Saphyre, Inc. in order to integrate patented AI solutions into pre and post-trade workflows for front, middle and back office teams. The integrated solutions may be accessed via Symphony’s platform. As… Read More

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