CQC develops algo to accelerate Monte Carlo integration with quantum computers
Cambridge Quantum Computing (CQC) says it has discovered an algorithm that accelerates quantum Monte Carlo integration.
OCBC to invest $500 million in new innovation hub
South East Asia’s second-largest bank, OCBC, is to invest $500 million in Punggol Digital District (PDD), with the set-up of a new 430,000 sq ft innovation hub and a multi-million dollar strategic partnership with Singapore Institute of Technology (SIT).
Wealthtech Tifin raises $109m
Tifin, an umbrella group operating a host of AI-powered fintech businesses in the asset and wealth management industry, has hit a $842 million valuation of the back of a $109 million Series D funding round.
Klarna gives merchants the tools for discovery by AI agents
Klarna has launched an agentic product capabable of scouring the internet to surface products and prices for discovery by AI agents.
BlackRock and Proxymity agree UK proxy voting deal
BlackRock, the world’s largest asset manager, has agreed a deal with digital investor communications platform Proxymity, that will enable retail investors in the UK to participate in proxy battles.
Airwallex raises $330 million at a valuation of $8 billion
Business payments outfit Airwallex has raised $330 million in a Series G funding round, led by Addition and with participation from T. Rowe Price, Activant, Lingotto, Robinhood Ventures and TIAA Ventures.
Sibos 2022: Payments Processing as a Business to boom – Celent & Icon Solutions
Celent and Icon Solutions research released on the first day of Sibos 2022 has revealed that payments processing will soon no longer be perceived as a commodity, but instead as a business opportunity.
Wise US relisting plan faces pushback from co-founder and proxy advisers
Wise’s plan to move its primary listing to the US is drawing fire from co-founder Taavet Hinrikus and proxy advisory firms because the vote on the move will also ask shareholders to greenlight an extension of the money transfer company’s dual-class share structure.
Multi-user access for Tide customers on the horizon
The chief technology officer of Tide has addressed concern by its customers that the platform does not offer multi-user access to its accounts.
Finextra Research roundup: AI and Digital ID to the fore
Some very interesting narratives have emerged over the course of 2018 through Finextra’s reports, most of which we expect to progress into increasingly diverse and innovative discussions during 2019.
Migrating market data to the cloud
Market data is the lifeblood of financial institutions (FIs) with banks, brokers, wealth managers, asset managers and hedge funds relying on quality pricing and trade-related data to power their business applications. But today customers expect to access to data on their personal devices and FIs are stepping up their digital transformation game.
Bank-backed euro stablecoin project gets name and leadership team
The euro-denominated stablecoin joint venture backed by 10 major banks has gotten a name and leadership structure as it works towards a launch in the second half of 2026.
UK government spends £10 million to create green finance hubs in Leeds and London
Leeds and London will be home to a new UK centre for driving global green finance and investment, thanks to £10 million in government investment.
Bank of England fines Vocalink over compliance failure
The Bank of England has hit UK payments operator Vocalink with an £11.9 million fine after it missed a deadline to fix problems in its risk management framework.
Goldman Sachs builds Financial Cloud for Data with AWS
Goldman Sachs is opening up access to its financial data resources and analytics to third party institutions via Amazon Web Services Data Exchange initiative.