Arteria AI bags $30m to help financial institutions extract data from documentation
The Series B round was led by GGV Capital and takes the start-up’s total funding to date to $50 million.
The Series B round was led by GGV Capital and takes the start-up’s total funding to date to $50 million.
Monese’s Santosh Radhakrishnan and Bhavik Sanghvi discuss the reasons behind the switch with FinTech Futures.
Blackbullion will deploy Bud’s Assess solution and its open banking and transactional AI tech.
Liberum will utilise the tech to improve the management and personalisation of its custody and execution operations.
With the licence, Elavon intends to offer authorisation, settlement, card machines, and banking services in the UK.
The partnership will extend the app’s remittance network to over 200 countries worldwide.
With the ClearBank partnership, Alba Bank aims to offer “near real-time payments” to its customers.
The PRA directed the bank last year to instate a CoP system by 31 October 2023.
McCarthy joined Thredd in January this year as executive vice president – global head of product and sales.
Unmissable sponsorship opportunities – digital and physical – at the upcoming Banking Tech Awards on 30 November.
Modulr is working to ensure it meets evolving regulatory requirements following a period of growth.
In his new role, Fry will be tasked with developing the bank’s position within the digital assets market.
Dr Henry Balani of Encompass Corporation discusses the impact of the review on the UK banking system.
Cole has previously served as CEO of Barclaycard UK and CEO of Capital One’s UK division.
The service seeks to bridge the gap between cash and the e-commerce market.
With the new facility, Uncapped aims to expand its reach and provide more digital businesses with access to financing.
The new platform aims to provide those over the age of 50 with access to competitive savings rates.
Rachel Fairhurst joins as VP of credit risk and client success and Jakub Piotrowski as VP of product.
With the new facility, Iwoca plans to meet the “growing demand” among SMEs for working capital.
The bank first began working with Temenos six years ago, when it adopted its T24 core banking system.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
CPO Mike Walters will take over as CEO, with COO Eimear O’Connor stepping in as CPO.
The company describes the licencing as “a significant step forward” for its position in the UK neobanking market.
The increase builds upon a £165 million deal made with BNP Paribas and M&G Investments in July.
Alba Bank says the migration will enable it to build products at speed to meet evolving market demands.
Khanna will replace Aaqib Mirza, who is set to lead Peel Hunt’s soon-to-be-launched RetailBook business.
Nvayo says that it “is working with the FCA to resolve their concerns and hope to find a solution”.
The regulator’s new rules for the promotion of cryptoassets went live on 8 October.
Carlesi is to depart Molo, which she has led since its inception in 2018, on 25 November 2023.
The solution seeks to support businesses with the digital issuance of bank guarantees.
The two companies will become part of the new ieDigital Group, but will, at this time, retain their separate brands in their respective markets
Keebo applies open banking data in its credit decisioning process to lend to those with thin or limited credit histories.
Walsh previously spent over six years as head of global product at Square’s mobile payment service Cash App.
The group claims that the appointments will afford it “the governance necessary for success on an international basis”.
The move is not expected to result in job losses.
The UK-based cryptocurrency app intends to complete its US expansion by Q4 2023.
The launch comes seven months after Lloyds Banking Group made a £10 million investment in Yoti.
The fintech reportedly allowed funds to be released from accounts which were flagged as suspicious by the National Crime Agency (NCA).
The latest fundraise comes months after AlphaSense secured $100m in Series D funding led by Alphabet’s CapitalG.
A handy round-up of the recent funding endeavours of fintech companies in the UK.