Alternative investment platform iCapital has raised over $820 million at a valuation of more than $7.5 billion.

‘Smishing’ accounts for 94% of all fraud cases from January to October this year.

Finextra has today announced a partnership with financial services software provider, Finastra, for its annual event, Hack to the Future.

Banco Santander, BBVA and CaixaBank have set up a company that will see the Spanish lenders share data that will help tackle financial crime.

The Depository Trust & Clearing Corporation (DTCC) has launched an API marketplace it hopes will foster innovation and collaboration across developer and business communities.

Integral, a Berlin-based startup providing accounting, taxation & payroll services for SMEs, has secured a €6.3m funding round led by General Catalyst, Cherry Ventures with participation from Puzzle Ventures and entrepreneurs across Europe.

Ecommpay is offering its merchant clients the option to accept Apple Pay on any device or browser via QR code.

Deploying new applications on the cloud is now the default. The question is not if applications should be built in the cloud or existing workloads should be migrated, but how fast can financial institutions (FIs) remove traditional IT constraints in the age of digitalisation.

Visa has signed a definitive agreement to acquire British AI-powered financial fraud fighting outfit Featurespace for an undisclosed sum.

As we’re heading towards the second annual Financial Cloud Summit on March 7th, 2024 at King’s Place in London, Finextra is interviewing industry experts who will be attending and speaking at this year’s conference.

The European Court of Auditors has raised concerns over how the EU goes about price interventions in the card market and its approach to open banking data sharing.

UK core banking vendor Thought Machine has launched a cloud-native cards and payments processing platform.

Citi has named former JP Morgan executive Pankaj Goel as the co-lead of its technology investment banking team.

Starling Bank is putting Generative AI into the hands of its customers with the roll out of a new ‘Spending Intelligence’ Large Language Model that customers can interrogate to get insights into their spending habits.

Deutsche Bank has announced swingeing job cuts as part of a radical overhaul of its operations that will also see it spend €13bn on new technology over the next four years.