Rich Data Co inks first US deal for AI decisioning platform with M&T Bank
North America’s sixth-largest commercial bank has tapped the platform to “detect more early warning signs” in lending.
North America’s sixth-largest commercial bank has tapped the platform to “detect more early warning signs” in lending.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
The round represents Data Zoo’s first ever outside investment.
NAB says the first group of business clients to adopt A2A payments will go live “in the first half of 2024”.
The new facility from Pollen Street Capital will support the lender’s future growth plans.
The WG-QSC intends to publish its initial findings ahead of Sibos in October 2024.
Airwallex’s tech will power Bird’s in-house foreign exchange engine and issuing solution.
The consultation period is due to commence on 17 April and will run until 26 July 2024.
The New Zealand-based firm is currently listed on the Catalist stock exchange with a value of around $5.4 million.
The new CEO has been tasked with leading the start-up’s “next phase of growth and innovation”.
The new cash injection adds to the $20 million Constantinople previously raised via its May 2022 seed round.
Westpac’s current stack “isn’t older or less capable than peers… we just have too much of it”, according to its CEO.
GSS says the new funding coincides with its “transition from the development phase to the operational phase”.
The firms plan for the new security measure to be ready by the beginning of 2025.
With the deal, Anna Money says it plans to introduce a “smart business current account and debit card”.
The approval comes less than three years after the bank was first awarded a restricted banking licence.
Bayliss succeeds Joseph Healy, who is stepping down after a seven-year tenure as CEO.
The bank will leverage nCino’s Cloud Banking Platform across its consumer and business lending operations.
Subi’s partners at launch include BambooHR, KeyPay, MYOB and Xero.
Charlie Minutella will lead the fintech’s operations from its New York office.
Irvine will take over the reins from current CEO Ross McEwan, who is set to retire in April.
The deal joins Fat Zebra’s payments platform with Adatree’s CDR-compliant open data capabilities.
Volans aims to become Australia’s number one private bank before taking the brand global.
The fintech has been licenced to operate in Europe since 2022.
Dancerace says its tech will make it easier for Aussie businesses with unpaid invoices “to receive their cash faster”.
Interpath Advisory has been instated as provisional liquidator for PCSIL.
Motive Partners will invest two $25 million tranches as part of its growth commitment to the Aussie firm.
The company has promoted Paul Dunn to CEO, APAC and Chris Spencer to CEO, EMEA.
The round was led by Australian bank Westpac and cloud-based financial services platform nCino.
The industry will also make an AUD 100 million investment towards a new confirmation of payee solution.
Simone Joyce will remain as chair through 2024 and will hand over her post to another board member sometime next year.
Loans are anticipated to range from $6.6 million to $19.8 million.
Engine enables clients to build their own banking propositions using the same core technology that Starling uses.
The paytech was valued at $350 million only seven months ago.
Pismo is to support AtPay’s BNPL and card management programmes, ahead of its Q1 2024 launch.
The portfolio comprises $35 million in invoice finance and a further $5 million in trade finance.
Blackbullion will deploy Bud’s Assess solution and its open banking and transactional AI tech.
Greener’s business solution was launched earlier this month following its seed funding round.
The bank intends to migrate at least half of its business operations to the cloud by 2024.
The Treasury is welcoming feedback on its latest proposals until 1 December 2023.