Big data

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/Big data

Citi Ventures joins $40m funding round for big data firm Datameer

Datameer, the only proven big data analytics platform for everyone, today announced it has closed a $40 million round of financing. ST Telemedia (STT) led the round, joined by Top Tier Capital Partners (TTCP) and participation from Kleiner Perkins Caufield & Byers (KPCB), Redpoint, Next World Capital, Software AG and Citi Ventures.

PayPal and the US Department of Commerce to mine economic data

/Big data

PayPal and the US Department of Commerce to mine economic data

PayPal is working with the US Department of Commerce to tap into a treasure trove of economic data on consumer and business purchasing patterns worldwide.

/Big data

Corporate360 establishes Indian big data incubator

With technology one of the fastest growing sectors in India, big data startup Corporate360 is investing in the next generation of tech entrepreneurs in the country by launching a brand new IT park and incubation center in rural Kerala.

Envestnet to buy Yodlee

/Big data

Envestnet to buy Yodlee

Wealth management technology provider Envestnet has agreed to buy fintech outfit Yodlee in a cash and stock deal with an enterprise value of around $590 million.

Commerzbank venture fund invests in iwoca

/Big data

Commerzbank venture fund invests in iwoca

The venture capital arm of Germany's CommerzBank has joined in a $20m funding round for UK-based SME lending platform iwoca.

Big data firm Palantir raises $450m

/Big data

Big data firm Palantir raises $450m

Palantir Technologies, a big data startup co-founded by Peter Thiel, has completed a massive $450 million funding round that values the company at $20 billion.

Banks lag manufacturers and telcos in race to build innovation centres

/Big data

Banks lag manufacturers and telcos in race to build innovation centres

The financial services sector is trailing rival industries in the race to set up innovation centres in technology hubs such as Silicon Valley, according to a report issued by consultants CapGemini and Altimeter Group.

/Big data

Startupbootcamp FinTech unveils startups for London programme

Startupbootcamp FinTech, the leading accelerator focused on financial innovation, has today announced the 10 international startups selected to join the London program.

Big data privacy startup Privitar attracts heavyweight investors

/Big data

Big data privacy startup Privitar attracts heavyweight investors

Privitar, a UK startup promising to help banks and others make the most of big data while ensuring customer information is kept private, has raised more than $1 million in a seed funding round joined by two former Thomson Reuters CEOs.

/Big data

Big data startup Salviol raises EUR6.5 million funding led by Orange Capital

Salviol, a big data solution provider that optimize businesses through the detection, prevention and management of fraud, today announced the company has raised €6.5 million euros in Series A funding led by Orange Growth Capital.

/Big data

Kiltearn implements Indata big data platform

INDATA, a leading industry provider of software and services for buy-side firms, today announced that Kiltearn Partners, an investment firm based in Edinburgh, Scotland, has implemented the iPM Epic platform, expanding their front-to-back office solution from INDATA.

Singapore pledges S$225m to fintech

/Big data

Singapore pledges S$225m to fintech

Singapore has committed S$225 million over the next five years to a scheme designed to build a vibrant ecosystem for innovation in fintech.

/Big data

RBS turns to Pega for real-time customer interaction

Pegasystems Inc. (PEGA), the software company empowering the world's leading enterprises with strategic business applications, has been selected by Royal Bank of Scotland (RBS) for customer decisioning.

Alibaba moves into financial data and information services

/Big data

Alibaba moves into financial data and information services

Chinese Web giant Alibaba is investing nearly $200 million in China Business News (CBN) as it prepares to move into the financial data and information services industry.

/Big data

Misys bids to unlock hidden value of data with in-memory analytics engine

Misys, the leading financial software company, has launched an in-memory analytics engine, FusionBanking Insight, integrated with its next-generation core banking solution, FusionBanking Essence.

JPMorgan Chase puts data to use with new think tank

/Big data

JPMorgan Chase puts data to use with new think tank

JPMorgan Chase has launched a think tank that promises to deliver data-rich analysis that addresses big global economic challenges for the "public good".

/Big data

Feedzai secures $17.5 million funding round

Feedzai, a data science company that makes banking and commerce safe by using real-time, machine-based learning to analyze big data to detect and prevent fraud, today announced it has raised a $17.5 million Series B financing round. Oak HC/FT led the financing, along with existing investors, Sapphire Ventures (formerly SAP Ventures) and Espirito Santo Ventures.

Startupbootcamp FinTech welcomes new members & Singaporean MD

/Big data

Startupbootcamp FinTech welcomes new members & Singaporean MD

Startupbootcamp FinTech Singapore has appointed a new managing director (MD) in Steven Tong, formerly of Infocomm Investments and the London-based accelerator, and welcomed three new members in PwC Singapore, Pix Vine Capital and Jungle Ventures.

Hadoop adoption ‘anaemic’ says Gartner

/Big data

Hadoop adoption ‘anaemic’ says Gartner

Gartner’s 2015 Hadoop adoption study has found that only 18% of respondents plan to invest in the big data boosting technology over the next two years. Merv Adrian, research vice president at Gartner, called the figures “anaemic”.

/Big data

Applied Technologies becomes TmaxSoft Reseller

Applied Technologies, a UK IT infrastructure and data centre design specialist, has become a reseller for Korean-based firm, TmaxSoft.

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