Sunday, February 26, 2017

Drooms picks up deal flow platform DealMarket

Virtual data rooms for due diligence firm Drooms has acquired private equity deal flow platform DealMarket. The financial terms of the deal are undisclosed. Read more: www.fintechroundup.com

EU financial regulators say more rules are needed for Big Data

Additional rules may be needed to monitor growth in Big Data which could pose security, privacy and accountability risks. Read more: www.reuters.com

Big data in financial markets is getting the ‘FinTech’ treatment

Within the silos of incumbent financial services, so-called FinTech companies are good at picking off one thing only and doing it well. Read more: www.newsweek.com

Finicity picks up $42m for financial data aggregation

Real-time financial data aggregation platform Finicity has picked up $42m in new funding. Experian led the Series B round with Bridge Bank also participating. Read more: www.fintechroundup.com

ENV unveils new FinTech incubator class

The new class features the program's first international participants, and includes startups looking to spread FinTech innovation to a range of verticals. Read more: www.finextra.com

Big data, big opportunities for insurance

Insurers have to be upfront with consumers that there are risks involved, but remain open about how they plan on using their data - leaving no room for doubt. Read more: www.insurtechnews.com

Finagraph picks up $5m for SME risk data

Financial data startup Finagraph has raised $5m in round led by Moody’s Corporation the parent company of Moody’s Investors Service and Moody’s Analytics. Read more: www.fintechroundup.com

Credit Karma crosses the border to Canada

Credit Karma aims to arm Canadians with the knowledge of where they stand financially, as they believe everyone deserves to understand their finances. Read more: www.finextra.com

QuantGroup pockets $73m for big data FinTech

Chinese big data FinTech company QuantGroup has raised $73m in a Series C round of funding led by Sunshine Insurance Group. Read more: www.fintechroundup.com

Europe’s financial institutions select Trifacta to wrangle data

Trifacta, the global leader in data wrangling, says strong growth in Europe has given it a substantial foothold in Europe’s financial services industry. Read more: www.finextra.com