Finovate is part of the Informa Connect Division of Informa PLC
This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.
If your company has a cumbersome expense management process, then you will welcome the news that Revolut for Business has introduced a new solution to make those issues a problem of the past. Courtesy of a new partnership with fellow Finovate alum Xero, the expense management tool provides real-time expense monitoring, and the ability to Read more…
Munich-based robo-advisor platform, Scalable Capital, has raised a further €25 million in growth capital, two years after BlackRock invested €30 million, writes Jane Connolly of Fintech Futures (Finovate’s sister publication). Handelsblatt reports that HV Holtzbrinck Ventures and Tengelmann Ventures also took part in this round. Founded in 2016, Scalable aims to target high-earning young professionals, who invest an average of €35,000. Read more…
IIG Bank, a specialist trade finance bank based in Malta, will leverage a pair of solutions from Temenos to offer its clients a wider variety of differentiated services from treasury cash management and deposit accounts to documentary credit and trade financing. The bank has gone live with Temenos Infinity, a digital front office platform, as Read more…
An investment of $460 million in Swedish e-commerce payments innovator Klarna takes the company’s valuation to $5.5 billion, and makes it the largest private fintech firm in Europe. The funding will help fuel Klarna’s international growth, especially in the United States, where it has been gaining new customers at a rate of six million a Read more…
The newly announced collaboration between email risk assessment innovator Emailage and fraud prevention and risk management firm Featurespace is designed to combat online application fraud, a problem that grew by 159% last year according to U.K. Finance. The partnership integrates Featurespace’s ARIC Fraud Hub with Emailage’s data and risk assessment scores. The combined solution identifies Read more…
UBS has formed a partnership with BizEquity, an online provider of estimated business valuations. This will allow a select group of UBS financial advisors in the US arm of its global wealth management business, to access BizEquity’s database of businesses and valuation information, reports Sharon Kimathi of Fintech Futures (Finovate’s sister publication). Enterprise access through Read more…
The new international partner program launched this week by Onfido will help expand the reach of the company’s identity verification solutions and explore new use cases. ForgeRock, IDEMIA, and iovation are among the cybersecurity and identity access management (IAM) specialists that have agreed to include Onfido’s AI-powered identity verification services in their own offerings. “Empowering Read more…
Digital wealth technology company Bambu is bringing home the bacon today in the form of Series B funding. The $10 million round comes courtesy of three-time investor Franklin Templeton and new investor PEAK6 Strategic Capital, both of which co-led the round. The Singapore-based company will use the funds to expand its reach of B2B clients, Read more…
Cross-border remittance startup Paysend has received a money transfer of its own this week. The London-based company landed $10.6 million (£8.5 million) in Series B funding, bringing its total raised to $30.7 million. There’s no word on an updated valuation but before today’s round, the company was valued at $155 million. The investment comes courtesy Read more…
Enterprise content capture and data discovery solution provider Ephesoft has partnered with Chicago, Illinois-based accounting consultancy Grant Thornton. The firm now offers Ephesoft Smart Capture to its customers to help them enhance back office operations, including invoicing, accounts payable, and contract management. The solution also will improve the ability of companies to manage more challenging Read more…
Browser-based onboarding, third-party identity checks, automated decisioning, and optional human review are among the top-level, new features of Daon’s IdentityX Digital Onboarding 2.0. The updated platform, launched this week, enables companies to offer a frictionless and fraud-resistant onboarding experience for their customers, reducing abandonment rates and operating costs while ensuring KYC/AML compliance. Decrying what he Read more…
Capital on Tap is partnering with Marqeta, a global modern card issuing platform, to power payment processing for its small business credit card, relied on by over 60,000 UK enterprises, reports Sharon Kimathi of Fintech Futures (Finovate’s sister publication). Since its launch in 2012, Capital on Tap has competed with the offering of major banks, Read more…