thefintech
Trending News

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

thefintech
Trending News

NatWest and OpenAI join forces to transform banking with cutting-edge AI


NatWest and OpenAI have entered into a partnership aimed at driving substantial transformations within NatWest through advanced AI technologies. NatWest, known for its comprehensive banking services, seeks to enhance its operational efficiency and customer service through this strategic collaboration. OpenAI, acclaimed for its groundbreaking work in generative AI, brings a wealth of technological expertise and innovative solutions

Featured News

Tomo secures $20m in funding as it scales AI-powered mortgage solutions


Tomo, a digital mortgage lender leveraging AI-driven technology, has secured $20m in a Series B funding round. The latest investment was led by Progressive Insurance, with additional participation from existing investors Ribbit Capital, NFX, and DST Global Partners. This brings Tomo’s total funding to $130m. Founded by former Zillow executives, Tomo is focused on modernising

thefintech
Featured News

Vital supervisory practices for off-channel and insider communication in finance


In today’s interconnected financial landscape, the oversight of electronic communications between financial advisors and their clients has never been more critical. According to Saifr, with the emergence of new communication apps and increased regulatory scrutiny, banks and financial institutions must intensify their supervision efforts to safeguard client interests, ensure compliance, and preserve their reputations. Off-channel communications

thefintech
Trending News

BriteCore unveils new vendor integrations to transform P&C insurance operations


BriteCore, a provider of cloud-native core insurance platforms for property and casualty insurers, has expanded its Solution Partner Marketplace. This enhancement introduces five new vendor integrations, marking a significant stride in BriteCore’s ongoing effort to equip insurers with cutting-edge technology solutions and increased flexibility in underwriting accuracy, claims processing, and overall operational efficiency. BriteCore’s core

thefintech
Trending News

CredCore raises $16m to accelerate AI-driven credit investing and management


AI-powered credit investment platform CredCore, which specialises in transforming debt capital markets for lenders and borrowers, has secured $16m in a Series A funding round. The round was led by Avataar Ventures, with additional backing from Inspired Capital, Fitch Group, BellTower Partners, and senior executives from asset management and financial services. CredCore is tackling inefficiencies in

thefintech
Trending News

Klarna and JPMorgan Payments partner to expand BNPL services for merchants


Swedish BNPL giant Klarna has struck a new deal with JPMorgan Payments to see its flexible financing solutions integrated into JPMorgan Payments’ merchant services. The partnership aims to broaden the accessibility of Klarna’s payment options, including its interest-free BNPL solution, according to Finextra. This move is expected to provide merchants with a wider array of payment

thefintech
Featured News

Moneyhub and Money Squirrel partner to enhance Open Banking for SMEs


Moneyhub, a leading data, intelligence, and payments company specialising in Open Banking, Open Finance, and Open Data solutions, has partnered with Money Squirrel, an emerging FinTech focused on financial management for small businesses. The collaboration aims to power Money Squirrel’s recently launched app, designed to help SMEs automate savings and manage VAT payments efficiently. The

thefintech
Trending News

SoftBank to invest $500M in robotics startup SkildAI


SoftBank is negotiating a $500 million investment in Skild AI, a software company building a foundational model for robotics at a $4 billion valuation, Bloomberg and Financial Times reported. The two-year-old company raised its previous funding round of $300 million at a $1.5 billion valuation last July from investors including Jeff Bezos, Lightspeed Venture Partners,

thefintech
Featured News

Netradyne Raises $90 Million in Series D Funding Led by Point72 Private Investments


Netradyne, an industry-leading SaaS provider of artificial intelligence (AI) and edge computing, announced the close of a $90 million Series D round led by Point72 Private Investments with participation from Qualcomm Ventures and Pavilion Capital. The capital infusion will accelerate the company’s growth trajectory through strategic investment in R&D, enhanced go-to-market investments, and aggressive global