Data has become the backbone of modern financial services, shaping how institutions operate, innovate, and compete. From payments and customer communications to analytics, automation, and AI-driven decision-making, firms are increasingly reliant on vast volumes of both structured and unstructured data. As digital engagement accelerates and regulatory scrutiny intensifies, data governance is undergoing a significant shift […]
Africa’s fintech company Flutterwave acquired Mono, a Nigeria-based open banking startup in an all-stock deal worth between $25M to $40M. The transaction unites two of the top fintech infrastructure firms in Africa. One of the largest payment networks on the region is run by Flutterwave, and Mono, often referred to as the “Plaid for Africa,” […]
To strengthen its integrated insurance capabilities globally and expedite its strategic expansion in East Africa, bolttech, a global InsurTech, has acquired Kenya-based digital insurance platform mTek. Bolttech can now combine its existing worldwide insurance and protection network with mTek’s digital platform and local market knowledge thanks to the acquisition. Increased regional innovation and the extension […]
Distributing data to advisers effectively has long been a difficult task for financial data providers. As advisors depend more on WealthTech platforms for everything from portfolio management to compliance and client interaction, it is now crucial to make sure that accurate, real-time financial data moves seamlessly between systems. However, integrating with several platforms separately frequently […]
Project Odyssey, a group-wide AI initiative by MoneyHero Limited, a digital insurance brokerage and personal finance aggregation and comparison platform in Greater Southeast Asia, aims to boost revenue growth and increase operating margins through intelligent automation and conversational product experiences. The company started deploying its AI-powered Car Insurance SaverBot Beta on WhatsApp in Singapore at […]
Investors are increasingly discussing the growing concern of a potential bubble forming within the major tech companies leading the artificial intelligence boom. The “Magnificent Seven” — Nvidia, Microsoft, Apple, Alphabet, Amazon, Meta, and Tesla — now represent nearly 45% of the Nasdaq 100 Index. According to Impax Asset Management Group’s CEO, the firm is strategically […]
AI-driven finance automation platform Maximor has secured $9 million in seed funding, led by Foundation Capital with participation from BoldCap, Gaia Ventures, and a distinguished group of founders, CFOs, and finance leaders from companies such as Perplexity, Zuora, Zoom, Ramp, Gusto, MongoDB, and the Big four accounting firms. The funding marks a significant milestone […]
HCLTech, a global technology company, has released the findings of its most recent research on the payments industry. The study emphasizes that the sector is rapidly evolving toward an AI-powered, autonomous future, while simultaneously grappling with major challenges related to trust, regulatory readiness, and the limitations imposed by legacy systems and infrastructure. The report underscores […]
LSEG and Databricks have announced a strategic collaboration to make LSEG’s market-leading data available directly within Databricks through Delta Sharing. The partnership will initially feature Lipper Fund Data & Analytics and Cross Asset Analytics (including Historical Analytics). Over time, it will expand to include a wide range of trusted datasets such as Pricing, Reference Data, […]
