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Royal Commission requires banks to spend IT spending on compliance

Australia's technology-focused banking and financial sector is preparing to launch a major initiative to address dozens of internal reporting platforms following the Royal Commission's reprimand of senior executives. However, there is growing evidence that significant investments in the current priority… Continue Reading →

British start-up Bud, which connects banks to fintechs and other financial service providers, raises $ 20 million in Series A with the support of HSBC, Goldman Sachs and others

Bud, the British fintech that helps banks connect their applications and data to other fintech companies and financial service providers, has closed additional financing of more than $ 20 million. Series A sees the company leveraging several banks: HSBC (which… Continue Reading →

Brexit: The company Leave.EU and Arron Banks fined EUR 120,000 for data breach

Copyright of the image Reuters Legend Mr. Banks founded Leave.EU and owns Eldon Insurance Leave.EU and an insurance company owned by its founder, Arron Banks, have been fined £ 120,000 for breaches of the Data Protection Act. This represents a… Continue Reading →

How satellite data startups such as Orbital Insight and SpaceKnow track companies, illegal mines, tankers and more for customers like hedge funds and banks

Orbital Insight does not use its own satellites. SpaceKnow or Descartes Labs either. New companies are buying their data from a growing number of satellite operators and building automated data analysis systems, locating objects such as cars, buildings, mines and… Continue Reading →

Finxact, based in Florida, helps banks upgrade their legacy backbone infrastructure and deliver modern digital services through a cloud platform, raises $ 30 million

NEW YORK (Reuters) – Accenture Plc, SunTrust Banks Inc. and the American Bankers Association, a trade group formed of US banks, announced Friday that they have joined a $ 30 million investment cycle in Finxact. a startup developing the backbone… Continue Reading →

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