Managers of Wealth Fintech

Riyad Capital launches fintech venture fund

The launch of this fund underscores Riyad Capital and Riyad Bank’s strategic commitment to accelerating the Kingdom’s digital transformation

Basel Committee: Banking Digitalisation Creates ‘Risks’

Big tech in the finance industry has long been heralded for driving digital transformation and fostering a new age of innovation.

Vitesse: London insurtech lands £73m funding round led by US private equity giant KKR

It provides treasury and payment solutions for insurance companies across Europe and is expanding elsewhere.

Financial admin platform Osome secures $17m in mix of debt and equity funding

The firm plans to invest some of the funds to further develop its product offerings, with a key focus on “the acceleration of automation and artificial intelligence (AI) components”.

Atlantic Money arrives on the desktop

The company corrects the imbalance by offering the live mid-market currency rate and a flat fixed-fee of £3 for transfers up to £1 million.

Ares Management, CDPQ, and Schroders Capital announce EUR 750 million financing for expansion of Vantage Data Centers’ EMEA platform

Ares and CDPQ are providing up to EUR 300 million respectively, and Schroders Capital is contributing up to EUR 150 million.

LogRhythm and Exabeam merge to dominate AI-driven security operations market

The merger is anticipated to close in the third quarter of 2024

Baseline secures $1.6m to revolutionise real estate lending technology

The focus on intuitive design and user experience distinguishes Baseline in a sector ripe for technological advancement.

Cube acquires global regulatory intelligence businesses from Thomson Reuters

Alibaba bets big on China’s genAI startups with cloud power

Alibaba invests in AI startups by offering cloud computing credits, leading a $1 billion round for Moonshot AI and aligning investments with its cloud business strategy.

fundcraft raises €5M Series A transform asset management infrastructure

fundcraft centralises and automates processes, data, and stakeholder interaction to lower costs and deliver better customer outcomes.

InsurTech Cover Genius signs with Adyen

Adyen is now one of the insurtech’s payment processing partners

Validata extends Technology Partnership with Temenos

Validata ConnectIQ to provide banks, fintechs and EMIs with AI-powered Cash and Nostro reconciliation tool capabilities

LTX by Broadridge Integrates with MultiLynq to Deliver Accelerated Trading Connectivity

Through MultiLynq, dealers can more easily integrate LTX into their existing infrastructure

UK challenger bank Monzo nabs another $190M as US expansion beckons

In March, Monzo said its pre-money valuation was £3.6 billion

Temenos Multifonds extends partnership with Citi Securities Services to consolidate global funds services on Multifonds SaaS

Move to Multifonds SaaS enables Citi Securities Services to manage its global business efficiently on a single platform

Alternative Investments