Tagged: data

Nova Credit Secures $45M via Series C to Scale Cash Flow Underwriting, Verification Solutions

Nova Credit, the data analytics company enabling businesses to grow responsibly by harnessing alternative credit data, announced it raised $45 million in Series C funding. The capital helps Nova Credit to further broaden its product offering “beyond cross-border credit reporting and scale Cash AtlasTM, the… Read More

Switzerland: SIX Expands Cloud Connectivity with Megaport via Launch of SIX Connect

SIX, the global financial information provider, is leveraging leading Network as a Service provider Megaport in order to “provide customers seamless private access to its data services via any major public cloud provider.” The service is available as of today and “covers more than 100… Read More

Global Deal Activity Declines by Over 24% YoY During Q1-Q3 2023 – Report

A total of 40,374 deals (comprising mergers & acquisitions (M&A), private equity, and venture financing deals) were announced globally during the first three quarters (Q1-Q3) of 2023. This represents a year-on-year (YoY) “decline of 24.3% in volume over 53,369 deals announced during the same period… Read More

API3 Provides Decentralized Data Feeds to Base, a Coinbase incubated Ethereum L2 Solution

API3’s managed dAPIs are available on Base. Developers on Base can now “access over 120 verifiable, decentralized data feeds powered by first-party oracle nodes, which are operated directly by the data providers.” Base is an Ethereum L2 solution incubated by Coinbase that is “built on… Read More

Investors May Consider Rebalancing Investment Portfolios, As High-Interest Rates are Expected to Continue, Industry Professional Says

US Consumer Price Index (CPI) data published Thursday supports the case that the Federal Reserve will likely “implement one more interest rate hike,” says the CEO of one of a financial advisory, asset management and fintech organization. The prediction from Nigel Green of deVere Group… Read More

Thread Acquires Funding to Digitally Transform Outdated Infrastructure

Thread, the firm focused on enterprise-scale autonomous data collection for delivering precise inspection insights, announced that it closed a Series A funding round in the amount of $15M. The investment round was “led by Badlands Capital with notable participation from an early utility partner of… Read More

Regtech Jumio Scales AI-Enhanced Digital Trust Solutions via NextWealth Partnership

Jumio, the provider of automated, end-to-end identity verification, risk assessment and compliance solutions, announced the expansion of its strategic partnership with NextWealth, a pure play data services provider. Jumio’s AI-powered solutions have “reached record-breaking high automation and quality rates.” With this enhanced partnership, NextWealth will… Read More

Financial Infrastructure Fintech Plaid Announces Updates to Transactions Product

Plaid is pleased to announce several updates to their Transactions product, which enables financial services providers to do even more with transactional data. These new features and quality enhancements from Plaid are “designed to amplify your ability to provide tailored solutions and services, unlocking improved… Read More

Bitcoin and Crypto Mining Stocks Rebounded in 2023 Alongside BTC Price, But Other Long-Term Challenges Remain – Report

Parker Merritt and Kyle Waters from Coin Metrics have provided a close examination of the current Bitcoin mining landscape through the lens of their extensive data. Despite a flat BTC market in the back half of Q3 as spot ETF chatter quieted, hashrate continued “to… Read More

Carta, Assemble to Streamline Startup Compensation Planning

Assemble users can now view Carta Total Compensation benchmarking data and cap table information within the Assemble platform, making it easier to “build a startup compensation strategy.” In the past, Assemble customers had “to log in to Carta separately to access Total Comp or their… Read More

DLT Adoption: CarbonEnfo to Leverage Energy Web’s Web3 Infrastructure Solutions to Provide Blockchain-enabled Data Services

CarbonEnfo, a wholly owned subsidiary of Atlanta-based Empower Energy Technology, will leverage Energy Web’s ecosystem and Web 3 infrastructure solutions in order “to develop and launch a range of blockchain-enabled energy data services.” CarbonEnfo, a division of Empower Energy Technology, a key player focused on… Read More

Experian Adds IntoZetta Capabilities to Assist Firms with Taking Control of Data Quality

Experian announced that IntoZetta’s data governance capabilities will be integrated with Experian’s Aperture Data Studio, the company‘s flagship data quality platform. The combination of data quality and data governance capabilities will allow clients “to better find, track and manage their data while ensuring that it… Read More

Outdated Legacy Systems in Tech-focused Landscape are Banking Sector’s Greatest Challenge – Survey Reveals

As the interest rate environment continues to place pressure on the banking sector, key insights and data collected (last week) shed light on the present situation. This data, shared with CI, was obtained from banking, fintech and financial professionals at FinovateFall in New York and… Read More

Investing Platform Stocktwits Introduces Options Trading Expanding its Execution Offering

Stocktwits, the social platform for investors and traders across all asset classes including stocks, crypto, and other emerging investments, announced that they are launching options trading and increased sentiment data on the platform. These capabilities will expand the company’s existing suite of features “at a… Read More

Fintech Credolab, Circulo de Credito to Provide Credit-Scoring Solutions to Mexico

Credolab, a smartphone and web behavioural data analytics platform, has announced a strategic partnership with Circulo de Credito, a fast-growing Credit Information Society (Credit Bureau) in Mexico. The partnership aims to bring more financial inclusion to Mexico by “providing innovative credit, risk and fraud scoring… Read More

UK Private Equity Deal Value Increased Substantially QoQ in Q2 2023, Deal Count Increased for 4th Straight Quarter – Report

In Q2 2023, UK private equity (PE) deal value “increased 13.2% quarter-over-quarter (QoQ) while the estimated deal count increased for the fourth straight quarter, signalling the start of a potential recovery in UK dealmaking,” according to an update from Pitchbook. Pitchbook noted that “in light… Read More

Data and AI firm Databricks raises $500m at $43bn valuation

Databricks, a data and artificial intelligence company has successfully raised over $500 million in its Series I funding round, bringing the company’s valuation to $43 billion. With this move, each share of the company is now valued at $73.50, according to an announcement. The financing… Read More

Accenture, Workday to Help Firms Accelerate Finance Transformation

Accenture (NYSE: ACN) and Workday (NASDAQ: WDAY) are expanding their partnership to help organizations reinvent their finance functions to be more agile, data-driven and customer-centric. The companies are collaborating “to develop a suite of data-led, composable finance solutions that can be configured and reconfigured to… Read More

TransUnion TruIQ Data Enrichment to Offer Financial Institutions with Access to Pseudonymized Credit Data within Private Environments

To better equip financial institutions’ need for faster data, more control and bigger impact throughout the analytics lifecycle, TransUnion (NYSE: TRU) launched TruIQ Data Enrichment. The solution provides unlimited, on-demand access “to pseudonymized TransUnion credit data within a customer’s private environment.” TruIQ Data Enrichment includes… Read More

Fintech Torpago, Revio to Enable Community, Regional Banks to Grow Revenue, Increase Client Retention

Torpago, a modern business credit card and spend management platform provider, today announced a partnership with Revio, a customer-insights platform that transforms bank data into actionable insights. The partnership will deliver “a revenue-generating corporate credit card program to community and regional banks, targeted at the… Read More

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