Latest Big data News: Finextra Research

Barclays invests in simulation tech outfit Simudyne

Barclays has led a $6 million Series A funding round for Simudyne, a simulation technology firm used by banks for things such as stress testing and contagion management.

08 April 2019

News/startups

HSBC invests in Asian insurtech CXA Group

HSBC has joined a $25 million funding round for CXA Group, a Singapore-based health-focused insurance startup.

13 March 2019

News/startups

Citi, Goldman Sachs invest in Second Measure

Second Measure, a technology company that analyses billions of everyday purchases to answer real-time questions about consumer behavior, has closed $20 million in a Series A funding round co-led by Bessemer Venture Partners and Goldman Sachs, and joined by Citi Ventures.

04 March 2019

News/retail

Santander strikes $700m IBM deal to support biz transformation programme

IBM continues to rack up the financial services contract wins, scoring a huge $700 million global deal with Banco Santander, as well as agreements with ICBC Argentina and the card unit of Hyundai and Kia Motors.

13 February 2019

News/ai

UOB targets Singapore's 'emerging affluent' with state-of-the-art branch

United Overseas Bank (UOB) is mixing the physical and the digital with a new tech-packed branch focussed on Singapore's large "emerging affluent" class.

12 February 2019

News/Big data

Investment Association opens second fintech cohort

The trade body for the UK's fund management industry, the Investment Association (IA), has extended its fintech accelerator initiative with the launch of a second cohort.

09 January 2019

News/Big data

Challenger bank Chetwood gets UK banking licence

Chetwood Financial, which is backed by UK hedge fund Elliott Management, is the latest challenger bank to be granted a full UK banking licence.

07 January 2019

News/Big data

Swift Operations Forum Europe 2018, Amsterdam - Day 3 report

Day 3 of the Swift Operations Forum Europe (SOFE) 2018 featured a look at how the new era of open banking will have a dramatic impact on the financial services market.

03 December 2018

News/Sibos

Swift Operations Forum Europe 2018, Amsterdam - Day 1 report

Innovation in financial services and the application of new technologies dominated conversation on day 1 of the Swift Operations Forum Europe (SOFE) 2018.

29 November 2018

News/retail

DNB turns to Collibra for data-powered customer service

Norway's DNB Bank has signed on with enterprise data governance and data cataloguing software specialist Collibra.

16 November 2018

News/Big data

Bank of China and Deutsche Bank open Singapore innovation labs

Singapore's status as a top fintech hub has been boosted by the news that Bank of China and Deutsche Bank have both opened innovation labs on the island.

15 November 2018

News/startups

Standard Chartered picks Instabase to automate client onboarding

Standard Chartered has called in San Francisco-based startup Instabase to help automate client onboarding, credit documentation and KYC processes.

08 November 2018

News/payments

DBS launches Facebook Messenger bot for restaurant orders

Singapore-based DBS has begun testing a chatbot that allows customers to order and pay for meals at participating restaurants through Facebook Messenger.

29 October 2018

News/Sibos

Sibos: Real-time charity, student winners and the human side of AI

Wrapping up Sibos 2018, Bill Doran, Swift’s head of Oceania, demonstrated Australia’s real-time payment system with a live charity drive, while Monash University student team Hebe won AUD$30,000 with its proposal for helping Australia’s banks protect consumer privacy in a world of open banking.

25 October 2018

News/ai

IBM and banks back data project to fight human trafficking

Western Union, Barclays and Lloyds Banking Group are backing a new project that uses IBM's Watson technology to tap into financial data to help track and combat human trafficking.

19 October 2018

News/Big data

Citi creates group to invest in credit markets fintech firms

US banking giant Citi has set up a unit to invest in fintech startups working in credit markets, according to Bloomberg.

07 September 2018

News/Big data

UK and EU banks plan early warning systems

Both UK and European banks are separately looking at projects to design an early warning system using market data to mitigate the threat of major misconduct or the beginning of the next financial crisis.

28 August 2018

News/Big data

Thomson Reuters and Singapore fintech group join to fight cybercrime

The Singapore FinTech Association (SFA) and Thomson Reuters are to collaborate on projects to promote the country's fintech industry and strengthen its fight against cybercrime.

21 August 2018

News/Big data

Chinese firms partner for blockchain payment systems play

Two of China’s largest financial services firms have agreed to work towards the development of a blockchain-based mobile payment system in what has been a busy week for China's burgeoning fintech sector and also a signal of the extent of China's blockchain ambitions.

17 August 2018

News/Big data

HSBC joins $20m funding round for financial crime specialist Quantexa

Big data and enterprise intelligence outfit Quantexa has raised $20 million in a Series B funding round led by Dawn Capital and backed by HSBC and Albion Capital.

03 August 2018