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ECB warns banks on outsourcing risks

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ECB warns banks on outsourcing risks

The European Central Bank is warning banks that their management of outsourcing risk must improve, with a stringent focus on the processing of personal data.

Napier AI lands £45 million in funding

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Napier AI lands £45 million in funding

UK financial crime RegTech Napier AI has landed £45m in backing from US-based Crestline Investors.

Due diligence fintech spektr launches

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Due diligence fintech spektr launches

Danish startup spektr has raised EUR5 million in seed funding for its platform to help financial sector firms with their due diligence processes.

Xalts to acquire Contour Network to build 'Plaid for Trade'

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Xalts to acquire Contour Network to build 'Plaid for Trade'

Accel and Citi Ventures-backed fintech Xalts has acquired Contour Network from a consortium of global banks, with the aim of to building a 'Plaid for Trade' supply chain network.

Temenos to conduct independent review of Hindenburg allegations

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Temenos to conduct independent review of Hindenburg allegations

Shares in embattled core banking vendor Temenos continued to wobble as the company reported full year results ahead of guidance but forecast slower growth in 2024 net earnings.

Activist investor defends Temenos but calls for CEO's removal

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Activist investor defends Temenos but calls for CEO's removal

Activist investor Petrus Advisers has called for the ouster of Temenos interim CEO Andreas Andreades in the wake of allegations made this week by Hindenburg Research. However, Petrus has rejected some of Hindenburg's criticisms of the Swiss fintech, arguing that it has recently made "substantial progress".

NextGen Nordics 2024: What to expect from this year's conference

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NextGen Nordics 2024: What to expect from this year's conference

Finextra is returning to Stockholm for the annual NextGen Nordics event. Attendees can expect in-depth conversations on a variety of topics, and much more.

Temenos fights back against Hindenburg report allegations

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Temenos fights back against Hindenburg report allegations

Swiss core banking vendor Temenos has hit back at Hindenburg Research, insisting that the damning report published yesterday by the activist investment firm contains "factual inaccuracies" and "false and misleading allegations".

US sanctions firms for providing tech to Central Bank of Iran

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US sanctions firms for providing tech to Central Bank of Iran

The United States has imposed sanctions on several companies and individuals for smuggling technology to the Central Bank of Iran (CBI).

PayPal invests in conversational AI firm Rasa

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PayPal invests in conversational AI firm Rasa

PayPal Ventures has co-led a $30 million Series C funding round for generative conversational AI platform Rasa.

Temenos shares plunge on damning report

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Temenos shares plunge on damning report

Shares in Swiss core banking vendor Temenos have plunged, after Hindenburg Research shorted the company alleging "accounting irregularities, failed products and an illusive turnaround".

Kema raises $2m to help B2B SMEs with cash flow

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Kema raises $2m to help B2B SMEs with cash flow

UAE-based fintech SaaS platform Kema has raised $2 million in a pre-seed funding round led by Speedinvest.

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