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Clean energy FinTech Crux raises $50m to expand capital markets platform


Crux, a capital markets technology company focused on clean energy and manufacturing, has raised $50m in a Series B funding round. The investment was led by Lowercarbon Capital, with participation from new investors Liberty Mutual Strategic Ventures, MassMutual Ventures, and OMERS Ventures. The round also saw continued backing from existing investors including Andreessen Horowitz (a16z),

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1Fort Raises $7.5M to Automate Business Insurance with AI


1Fort, the AI platform for business insurance, today announced it has raised $7.5 million in an oversubscribed funding round led by Bonfire Ventures. The round also included Draper Associates (Tim Draper); Karim Atiyeh, the founder of Ramp; and participation from all existing VCs: Village Global, Operator Partners, 8-Bit Capital, Character VC and Company Ventures. This

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Adobe and Antom Forge Strategic Partnership to Empower Digital Creativity with Seamless Payment Access Across Asia


Adobe and Antom, a leading provider of unified merchant payments and digitisation solutions under Ant International, today announced a strategic partnership to launch an optimized payment experience and tailored digital marketing offerings for Adobe’s customers across Asia. “At Adobe, we’re always looking to deliver elevated and localized experiences for our customers. As our base of

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FinTech Wales welcomes Aviva as new partner to strengthen InsurTech collaboration


Aviva, one of the UK’s leading insurance and financial services firms, has partnered with FinTech Wales to foster innovation, support collaboration, and strengthen the FinTech and InsurTech sectors across the nation. Aviva joins an impressive roster of partner members including Barclays, The Royal Mint, Go.Compare, Confused.com, Admiral, Starling, Hodge, Principality and Monmouthshire Building Societies, Veeqo and Future

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Temenos reveals GenAI’s transformative impact on the banking sector


In a comprehensive survey conducted by Hanover Research for Temenos, a leading provider of banking technology, it was revealed that a significant majority of banks are actively exploring the deployment of GenAI to enhance their operational efficiencies. The survey, which polled 420 business and technology leaders within the financial services sector, underscores the growing interest in

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Foliume raises $1m seed round to enhance AI-driven insurance distribution


Foliume, which specialises in automating insurance processes, has secured a $1m seed funding round led by Belgium-based venture fund Pitchdrive and Wayra, the investment arm of Telefónica. The round also saw participation from key figures in insurance distribution and technology, according to InsurTech Insights. The fresh capital will be used to enhance product development and support

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Tietoevry and Version 1 join forces to transform European banking digitalisation


Tietoevry Banking and Version 1 have announced a strategic partnership aimed at accelerating the digitalisation of European financial institutions. By combining Tietoevry Banking’s robust SaaS offerings with Version 1’s expertise in modernising banking systems and their specialism in AI compliance, ethics, and risk management, this alliance is poised to transform the digital landscape of banking across Europe.

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Flagright secures $4.3m to enhance AI-native AML solutions in FinTech


Flagright, an AI-native AML compliance platform, has announced the successful closure of a $4.3m seed funding round. This financial boost aims to propel the development of Flagright’s solutions and support its international expansion. The funding round was spearheaded by Frontline Ventures and included investments from a group of distinguished angel investors. The company specializes in

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Vanquis Banking Group teams up with FinScan to boost AML capabilities


Vanquis and FinScan, a leading provider of AML compliance solutions from Innovative Systems, have entered into a partnership. Vanquis Banking Group is known for its dedicated approach to responsible lending within the financial industry, whereas FinScan specializes in advanced AML compliance technologies that aid in enhancing operational efficiencies and customer transparency. The driving force behind this collaboration

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Saifr and Adobe GenStudio forge alliance for compliant FinTech marketing


Saifr has announced its integration with Adobe that aims to redefine compliant content creation within the financial services industry. As part of the Adobe Experience Cloud as an Adobe Technology Partner, Saifr provides advanced AI compliance solutions that serve as a compliance guardrail for generative AI content, helping users manage their risk and enhance the speed

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PIMFA and Morningstar launch AI Tech Sprint to transform wealth management


PIMFA WealthTech, the innovation arm of the Personal Investment Management & Financial Advice Association (PIMFA), has partnered with Morningstar to launch a new AI-focused Tech Sprint, aimed at solving key operational challenges in the wealth management sector. The competition offers FinTech firms the opportunity to present their AI solutions at the Morningstar Investment Conference UK, taking place