Thursday, June 29, 2017

Banks should share financial data — to avoid being forced to

Banks in the US should get ahead of potential open banking regulation by building application programming interfaces now. Read more:

T-Rex bags another $10m from German utility Innogy

New York and Tel Aviv-based transaction data and analysis company T-Rex Group has raised a further $10m for its Series B round. Read more:

PeerNova nets $7m to manage financial services’ big data

Big data service PeerNova has picked up $7m in a new round of venture funding. The round’s investors are undisclosed. Read more:

Chinese FinTech firm QuantGroup considering US IPO

FinTech company QuantGroup, which was founded by several notable Chinese movie stars, is considering a US IPO. Read more:

Credit evaluation company IceKredit secures $15.9m

Credit evaluation startup company IceKredit has secured ¥110m ($15.9m) in a Series A round. China Creation Ventures led the investment. Read more:

AI may just create the illusion of good credit decisions

Startups believe artificial intelligence will make loan officers obsolete, and that may be true. But it remains to be seen if AI will make lending safer. Read more:

Data from cash disruption: A clear advantage for FinTech

Cash is the leading payment instrument for day-to-day purchases such as groceries, petrol, and in some cases, even real estate. Read more:

Quovo picks up $10m for financial data analysis

Financial data platform Quovo has raised $10m in a Series B round of funding to fuel the growth of its analytics offerings. Read more:

Colombian startup Portal Finance wins funding

Bogota, Colombia-based startup Portal Finance has secured an undisclosed equity investment from Magma Partners. Read more:

FinTech startup powering Thomson Reuters’ investment tool

A Boston-based financial tech startup got a big boost Tuesday when Thomson Reuters unveiled a new data tool that's based on its technology. Read more: