Thanks to Goldman Sachs Investment of €25m, German deposit marketplace Raisin will use these funds to launch its services in the $12,700 bn savings market in the US in 2020.
Nordic financial services group SEB and Scandinavian Airlines System (SAS) have invested SEK 26m (€2.46m) in Combient mix, to build a full-scale artificial intelligence (AI) hub to speed up the digital transformation of a network of Nordic companies. Mats Agervi, CEO of Combient and chairman of Combient mix, predicts that data and AI would drive the future in all sectors.
Spurred by the rising expectations and complexity of data management, Avaloq, the cloud platform and service provider for banks, wealth managers and investment firms, has acquired Derivative Partners AG, a data provider for structured products and derivatives in Switzerland.
CSSF has published its 2018 annual report in which it highlighted tech and ecological transformation of the financial industry.
In its annual report the BIS highlighted the risks incurred by growing debt and called for more balanced economic policies.
With a growing number of participants, the London-based platform is becoming a benchmark in terms of price and quality of information.
Brainalyzed Finance GmbH, a fintech start-up providing AI-based solutions for banks and asset managers to make efficient, data-based decisions, has recently included the Baloise Asset Management as a minority stakeholder. Dr. Gunter Fischer, Head of Brainalyzed, said that AI-powered predictive solutions can transform the financial services industry.
The new funding values Monzo, the british digital bank, at over £2 billion.
Kosta Peric, deputy director, digital payments, financial services for the poor at the Bill and Melinda Gates Foundation, said that digital inclusion in Africa, especially among women, is dependent on the acceleration of tech-enabled mobile money services. The foundation will be a partner of the G7 summit in July 2019.