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Institutional order management platform ZagTrader has inked a deal with cryptocurrency trading company BeQuant. The partnership builds on the current relationship between the two companies to enable institutional investors – including market makers, quant desks and active traders – to access cryptocurrencies using the Financial Information Exchange (FIX) and robust APIs. “Over the years, ZagTrader Read more…
Three months into its rebrand, GPU-accelerated analytics innovator OmniSci (formerly MapD) is reporting “wide-ranging growth” including significant increases in revenue run rate and the size of its customer base. The company credits its growth to the success of its technology that enables organizations to conduct advanced big data analytics “at extreme speed.” “OmniSci’s customers are increasingly Read more…
Identity verification and fraud prevention specialist IDology has been acquired by U.K.-based identity data intelligence firm, GBG, for $300 million (£233 million) in cash. The deal will give GBG broader reach into the North American market; in a statement, the company said 99% of IDology’s revenues come from the United States. The acquisition will also add Read more…
Swiss wealth and asset manager Pictet has chosen NetGuardians’ fraud-mitigation software for protection against banking fraud, reports Antony Peyton of Fintech Futures (Finovate’s sister publication). Pictet will use the solution, customized for its specific needs, to further protect its customers from growing threats. Joël Winteregg, NetGuardians CEO, said: “With cyber-fraudsters getting more daring all the Read more…
How are digital lenders using identity verification to stay competitive when going up against traditional banks?
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The keynote addresses at Finovate conferences are more than just an opportunity to catch up on the coolest conversations in fintech. From author Tim Urban, who delivered a thrilling presentation on AI and the prospects for superintelligence, to futurist Rohit Talwar who discussed the relationship between AI and the future of work, our keynotes help Read more…
Insurtech pioneer CoverHound announced today that it has closed a $58 million Series D round. The funding was led by global insurance firm, Hiscox, and featured participation from a variety of major insurance providers including Chubb, Aflac Ventures, and Japan’s MS&AD. The company’s total capital now stands at more than $112 million. “The future of digital Read more…
A strategic partnership between Bill.com and American Express will enable businesses to automate the AP process to make it easier to pay vendors using their American Express Business or Corporate Cards. The two companies have announced a new solution, Vendor Pay, that streamlines vendor payments, improves working capital and cash conversion cycles, and gives SMEs Read more…
How can traditional banks keep up with competition from neo-banks who don’t require the same licensing or regulatory burden?
Anti-fraud solution provider Feedzai has collaborated with DataRobot to enable FIs, merchants, and processors to add DataRobot’s machine learning models to the Feedzai platform. The integration, made possible via the OpenML platform Feedzai announced last year, will enable FIs to automate the creation of advanced machine learning models for fraud detection and AML, providing a higher Read more…
Revolut, a digital-only bank, has signed an agreement with ClauseMatch to adopt its regulatory technology to streamline management of internal policies, controls and regulatory compliance, following a two-month trial period, reports Henry Vilar of Fintech Futures (Finovate’s sister publication). The bank has experienced “significant” growth since it was founded three years ago, across 28 markets Read more…