Indian fintech Aurionpro bolsters AI portfolio with $16.5m takeover of Arya.ai
Arya.ai offers a cloud-based PaaS that enables enterprises to develop their own AI solutions.
Arya.ai offers a cloud-based PaaS that enables enterprises to develop their own AI solutions.
The new offering will also include deposit accounts and automation tools for bill payments.
The funds will enable Midas to introduce mutual funds, savings accounts and crypto trading.
Jean-Pierre Brulard will start his tenure on 1 May 2024, with Andreas Andreades retiring after 25 years.
The collaboration with Axis Bank represents Moneythor’s first large-scale deployment in India.
The deal will also see VC firm Andreessen Horowitz become a shareholder in ComplyAdvantage.
Industry veteran Sauerland will lead the company alongside its founder Robert Koller.
The bank’s new digital capabilities are being powered by the open finance platform eMACH.ai.
Together claims to have a loan book exceeding £6.8 billion, originating over £200 million in loans monthly.
The Paris-based start-up has been in stealth mode since 2022.
Di Zanni’s appointment comes as DT One readies for its “next phase of innovation and growth”.
The lender has opted to transition its core to the vendor’s Fusion Essence solution.
The start-up secured a $75m warehouse facility expansion alongside the round.
Tilia is to rebrand as Thunes and maintain operations from San Francisco.
The deal includes Marcus Invest’s accounts and assets under management.
JP Morgan has controlled the unit since its takeover of First Republic Bank last May.
Airwallex’s tech will power Bird’s in-house foreign exchange engine and issuing solution.
G+D will supply the technical support for the initial testing of specific CBDC use cases.
The UK-based fintech has enlisted Interpath Advisory to assist in the internal restructuring.
The former Bank of America exec is to lead Nium’s strategy in the newly-created role.
Allica says it has experienced a 75% increase in customer deposits to £2.6 billion.
Old Mutual intends to integrate the bank into South Africa’s National Payments System following a testing period.
Synapse previously filed for Chapter 11 voluntary bankruptcy and laid off over 50% of its workforce last year.
The sustainability spending fintech is to integrate the DoneGood marketplace into its company ratings platform.
The investment will be used to fuel Fortis’ planned expansion into the MENA region.
President and CCO Adam Payne says the deal comes amid a need to “focus on our core business”.
The consultation period is due to commence on 17 April and will run until 26 July 2024.
All investments in Diversified and Fractible will be transferred to Konvi this month.
The market appears to be investing in anything that moves with the letters “AI” in it.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Temenos says its tech will enable the firm to manage “a significant increase in transaction volumes”.
The proposed merger will create a combined group boasting a balance sheet of around £89 billion.
Our pick of the top fintech news stories this week includes Klarna, Ramp, Zopa and more.
The US-based bank has partnered with Backbase and banking and payments fintech Finzly.
The Berlin-based fintech now seeks to expand its cards-as-a-service product to markets beyond the EU.
The San Francisco-based bank will utilise the fintech’s TradeSun Intelligence V4 solution.
The fintech plans to launch a credit-builder card, loans and an AI-powered financial advice coach this year.
Customers of Mercury’s latest offering will need to commit to a $240 annual subscription fee.
The US is set to be Klarna Card’s fourth market of entry, following earlier launches in Sweden, Germany and the UK.
The round adds to the $300m Ramp raised in its Series D round in August 2023 at a valuation of $5.8bn.