Tagged: big data

Post COVID-19: Lasting Impact on Society Following Coronavirus Crisis will Create Favorable Growth Conditions for Fintech Firms, New Report Claims

The Coronavirus (COVID-19) outbreak has had a significant impact on our lives and is changing the way we work, interact, and consume products and services. Finch Capital, an early-stage venture capital firm focusing on Europe and the Southeast Asia region, has published a report, titled… Read More

ThetaRay, Provider of Big Data and AI-enhanced Analytics Tools, Joins Microsoft’s Partner Program to Offer AML Solution

ThetaRay, a provider of Big Data and artificial intelligence (AI)-enhanced analytics tools, has joined Microsoft’s (NASDAQ:MSFT) partner program, One Commercial Partner, which provides various cloud-powered solutions. ThetaRay’s anti-money laundering (AML) solution for correspondent banking can be accessed through Microsoft’s Azure Marketplace. A large US bank… Read More

Digital Transformation: Big Data and AI Firm ADVANCE.AI to Help Financial Services Providers Enhance Operations

Big Data and artificial intelligence firm ADVANCE.AI aims to assist businesses based in Asia with their digital transformation strategies. ADVANCE.AI is expanding its business operations into India by establishing business offices in Bangalore and New Delhi. The Singapore-headquartered firm also intends to open an office… Read More

HSBC Partners with Chinese Logistics Firm Cainiao to Offer Faster Trade Finance Loans via Alibaba’s Tmall Platform

HSBC, a British multinational bank and financial services holding company with over $2.5 trillion in total assets, has teamed up with Cainiao, a China-based logistics company, in order to provide faster trade finance loans to merchants via Alibaba’s Tmall platform in Hong Kong. HSBC will… Read More

South Korean Government to Contribute Up to $3.2 Million to Develop Local Blockchain and DLT Projects

Government agencies in South Korea have announced their plans to support the nation’s blockchain or distributed ledger tech (DLT) sector. They will reportedly contribute up to $3.2 million in capital to local firms to help integrate the technology into various platforms. The South Korean Ministry… Read More

Early Stage Tech-focused VC Fund OTB Ventures Receives $100 Million in Commitments for Projects in Europe

OTB Ventures (OTB), a VC fund focused on making strategic investments in technology firms based in central and eastern Europe, has introduced an early-stage tech fund, which is notably the biggest venture capital fund in the region. The fund has reportedly received $100 million in… Read More

San Francisco’s Fintech HouseCanary, a Real Estate Analytics Solution Provider, Secures $65 Million in Round Led by Morpheus Ventures

San Francisco-headquartered HouseCanary, a Fintech firm focused on providing a real estate analytics solution, has secured $65 million through a growth funding round led by Morpheus Ventures, Alpha Edison, and PSP Growth. Following HouseCanary’s latest investment round, the firm’s total funding (to date) stands at… Read More

Indian Finance Minister Nirmala Sitharaman Recommends Allocating $1.14 Billion to Boost Nation’s Fintech Economy, with Investments in AI, Machine Learning

The Indian government recently revealed its Union budget for the FY 2021. Following the announcement, it appears that the nation’s Fintech industry has been given special attention, as Indian finance minister Nirmala Sitharaman proposed on February 1 to introduce a policy for creating data center… Read More

Malaysian Technology Development Corporation and World Logistics Council to Launch Digital Economy Application System

Malaysian Technology Development Corporation (MTDC) and the World Logistics Council Limited (WLC) have reportedly committed to a Memorandum of Understanding (MoU), in order to launch the Multi-Dimensional Digital Economy Application System (MDDEAS) in Malaysia. The system will be introduced with the help of local tech… Read More

Financial Giant HSBC Voted Leading Trade Finance Bank in Bahrain in EuroMoney’s 2020 Survey

HSBC, a British multinational investment bank and financial services holding company with over $2.5 trillion in total assets, has reportedly been voted as the leading trade finance bank in the Middle Eastern country of Bahrain in the Euromoney trade finance survey for 2020. This is… Read More

Insurtech: Boston-based Corvus Insurance Secures $31 Million According to SEC Filing

Boston-headquartered Corvus Insurance, a company that offers artificial intelligence (AI)-enhanced cyber insurance policies for firms, has sold shares worth around $31 million in a $33 million investment round, a US Securities and Exchange (SEC) filing confirmed. Corvus Insurance, which is notably one of BostInno’s 50… Read More

IBM Teams Up with Argentine Chamber of Fintech to Support Digital Transformation Efforts in Country’s Banking Sector

New York-based tech giant IBM and the Argentine Chamber of Fintech have entered an agreement to support various innovative projects and digital transformation initiatives in Argentina’s financial technology and banking sector. IBM will reportedly support the chamber in developing activities to promote Fintech-related projects such… Read More

Report: Corporate Treasurers Say Cloud Computing, plus AI & Big Data Will Be Most Important Tech Advancement to Impact their Industry

Corporate treasurers believe that advancements in cloud computing will be one of the most important technological developments to impact their industry in the coming years. Big Data analytics and artificial intelligence (AI) are also expected to improve standard business processes. The Deutsche Bank-supported Economist Intelligence… Read More

Ping An’s OneConnect Launches End-to-End Data Governance Solution in China

OneConnect Financial Technology Co. Ltd. (OneConnect), an associate company of China’s insurance giant Ping An Group, announced last week the launch of its Data Governance Solution in China. OneConnect reported that its solution can support smart management for all scenarios and a large amount of data…. Read More

Operating System for Wealth Managers Addepar Raises $140 Million

Last week it was announced that fintech wealth management platform Addepar had raised $140 million in its Series D round of funding. The funding round was led by Valor Equity Partners, 8VC and investment manager Harald McPike. Operating System for Wealth Managers Based in Mountain… Read More

Insurtech, Fintech, & Big Data Trends To Be Addressed At FutureTech Congress in Warsaw Next Month

Business summit FutureTech Congress is set to be held on May 24th and 25th in the city of Warsaw. According to its organizers, the event is set to address various trends in the insurtech, fintech, and big data industries, along with host experts from all over… Read More

Draper Esprit Invests $5 Million in RavenPack

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RavenPack, a big data analytics firm for the financial industry, has received a $5 million investment from venture firm Draper Esprit (AIM:GROW & ESM:GRW). RavenPack says this is the first funding they have received from a VC firm. The capital injection will help RavenPack execute on… Read More

Brief: Big Data is China’s New Tool Against Illegal Fundraising

China’s crowdfunding and peer-to-peer lending markets have frequently featured in the news, as China seeks to decrease fraud in its rapidly expanding Internet finance world. Now, Beijing’s financial supervision agencies are using big data to crack down on illegal fundraising, with an online pre-warning platform already… Read More

OurCrowd Global Investor Summit: Crowdfunders to Converge on Jerusalem for World’s Largest Equity Crowdfunding Summit

OurCrowd, the leading global equity crowdfunding platform for accredited investors, will bring together 36 of its innovative portfolio companies to meet with over 600 investors and executives from 17 countries in the largest global gathering of its kind during its OurCrowd Global Investor Summit which opens… Read More

Frrole Raises $245K on LetsVenture Investment Crowdfunding Platform

Enjoying the success of its first crowdfunding campaign on LetsVenture, the Bangalore-based data analytics startup Frrole announced it received $245,000 from a group of investors that included Google India’s managing director Rajan Anandan, Eka Software Solution founder Manav Garg and tech Evangelist Sharad Sharma. According… Read More

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