AI
UK lender Abound secures £800m in mix of equity and debt financing
Abound's Financing Round:UK-based credit technology firm Abound has secured a new financing round consisting of both equity and debt financing, potentially extending...
Banking
ICYMI fintech funding round-up: Fundcraft, Volta, Swypex, SAVR and more
Fundcraft:Raised €5 million in Series A funding round.
Led by Swiss VC Aperture Capital with support from SIX Fintech Ventures and other...
AI
CIBC Mellon taps Duco for AI-powered data automation tech
CIBC Mellon, a joint venture between CIBC and BNY Mellon, partners with UK-based Duco for AI-powered data automation.
The partnership aims to enhance...
Banking
FINRA fines SoFi $1.1m after consumer identification flaws led to multi-million dollar heist
Fine Imposed on SoFi by FINRA: SoFi, an online lending platform, has been fined $1.1 million by the Financial Industry Regulatory Authority (FINRA)...
Banking
Nottingham Building Society taps Nova Credit to expand mortgage range
Partnership Overview: Nottingham Building Society, also known as The Nottingham, has partnered with California-based credit infrastructure and analytics firm Nova Credit.
Objective: The...
Banking
Globacap hires WealthKernel’s Brian Schwieger as new chairman
Appointment of Brian Schwieger as Chairman: Globacap, a private capital platform, has appointed Brian Schwieger, an industry veteran, as its new Chairman.
Expectations:...
FinTech
Fintech BPO South Africa: PITON-Global on CX, Data Security, and Compliance Outsourcing
In the rapidly evolving landscape of financial technology (fintech), companies are increasingly turning to business process outsourcing (BPO) in South Africa to enhance operational...
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