Document management startup Arteria AI arises $30m
Arteria AI, a document and contract management spin out from Deloitte, has raised $30 million in an oversubscribed Series B funding round led by GGV Capital US.
M&S, Co-op cyberattackers duped IT help desks into resetting passwords: report
Cyber Risks, Emerging Risks, Technology United Kingdom
Bank of England to launch Digital Pound Lab
The Bank of England is to launch a Digital Pound Lab as it sets out its blueprint for the design phase of a future Britcoin.
EEOC says convenience store unlawfully uses criminal history to deny jobs
Employment Practices, Regulation
Teen-focused educational investment app tendy signs for WealthKernel tech
A new educational investment platform for UK teens, called tendy, is teaming up with WealthKernel to power its investing services.
Liberty Mutual sees $892m net income in Q3, total CoR hits 96.7%
Liberty Mutual Holding Company Inc. (LMHC) and its subsidiaries has posted a net income attributable to LMHC of $892 million for the third quarter of 2024, a notable shift from last year’s income of $219 million, while also posting consolidated pre-tax net catastrophe losses of $1.1 billion in the quarter, including $458 million from Hurricane Helene.
3 commissioners gain confirmation at FTC
Three members of the Federal Trade Commission were confirmed on Friday. Two commissioners — Andrew Ferguson and Melissa Holyoak — are beginning their first term, while the third — Rebecca Kelly Slaughter — is starting a second term. Ferguson and … [Read More]
Revolut staffs up and carries out testing ahead of UK banking switch
Having finally secured its UK banking licence, Revolut is hiring staff and testing its systems as it aims to move millions of customers to its new bank entity this summer.
Finnish neobank Saldo Bank opens for business in Sweden
Finnish neobank Saldo Bank has commenced operations in Sweden, offering interest rates of as much as 5% for a year’s deposit.
Invesco to consolidate technology offerings under a single brand
Invesco is to consolidate five disparate software businesses acquired over the past few years into a single financial advisory technology unit, Intelliflo.
Flooding risk presents major credit challenges for Eastern and Southern US: Moody’s
Destructive flooding recently caused by hurricane Helene highlights an increasing flood risk for local economies and tax bases, notably across the Eastern and Southern United States, says Moody’s Ratings.
Revolut adds new in-app verification layer to counteract theft from stolen mobiles
Revolut has added an extra layer of in-app identity verification designed to protect customers who have had their unlocked phone stolen, or password and face recognition compromised.
Inflation likely to persist over the medium term: AM Best
According to rating agency AM Best, high levels of inflation which has been driven by supply chain disruptions, labour shortages and rising energy prices, are likely to persist over the medium term.
Colombian payments orchestration platform Yuno raises $25m
Latin American payments orchestration platform Yuno has set its sights on Europe and Asia after securing $25 million in funding.