Category Archives: finance

UK’s Paysend raises $125M at a $700M+ valuation to expand its all-in-one payments platform

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With more people than ever before going online to pay for things and pay each other, startups that are building the infrastructure that enables these actions continue to get a lot of attention. In the latest development, Paysend, a fintech that has built a mobile-based payments platform — which currently offers international money transfers, global […] Continue reading UK’s Paysend raises $125M at a $700M+ valuation to expand its all-in-one payments platform→

Sinch, a Swedish customer engagement giant, raises $1.1B, SoftBank and Temasek participating

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Sinch — a Twilio competitor based out of Sweden that provides a suite of services to companies to build communications and specifically “customer engagement” into their services by way of APIs — has been on a steady funding and acquisitions march in the last several months to scale its business, and today comes the latest […] Continue reading Sinch, a Swedish customer engagement giant, raises $1.1B, SoftBank and Temasek participating→

5G business smartphone shipments to grow steadily

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5G business smartphone shipments will grow at a CAGR of 28% over the 2021-2026 forecast period, according to a Strategy Analytics forecast. High positive growth is expected in China, India, Australia, South Korea, UK, France, Germany, and the US, as 5G… Continue reading 5G business smartphone shipments to grow steadily→

3.4 billion credential stuffing attacks hit financial services organizations

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Akamai published a report that provides an analysis of both global and financial services-specific web application and credential stuffing attack traffic, revealing significant increases across the attack surfaces year over year from 2019 to 2020. By t… Continue reading 3.4 billion credential stuffing attacks hit financial services organizations→

Cloud compromise now the biggest cybersecurity issue for financial institutions

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Infoblox unveils a research into how the COVID-19 shutdowns challenged the financial services industry’s core infrastructure. More than one year into the pandemic, banks, insurers, and other financial institutions report costly consequences to fa… Continue reading Cloud compromise now the biggest cybersecurity issue for financial institutions→

Shift Technology raises $220M at a $1B+ valuation to fight insurance fraud with AI

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While insurance providers continue to get disrupted by startups like Lemonade, Alan, Clearcover, Pie and many others applying tech to rethink how to build a business around helping people and companies mitigate against risks with some financial security, one issue that has not disappeared is fraud. Today, a startup out of France is announcing some […] Continue reading Shift Technology raises $220M at a $1B+ valuation to fight insurance fraud with AI→

Starboard Value puts Box on notice that it’s looking to take over board

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Activist investor Starboard Value is clearly fed up with Box and it let the cloud content management know it in no uncertain terms in a letter published yesterday. The firm, which bought a 7.7% stake in Box two years ago claims the company is underperforming, executing poorly and making bad business decisions — and it […] Continue reading Starboard Value puts Box on notice that it’s looking to take over board→

Financial institutions experiencing jump in new pandemic-related threats

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Financial institutions (FIs), such as banks and insurance providers, are reporting significantly increased threat levels from COVID-related cybercrime, according to a research by BAE Systems Applied Intelligence. A huge jump in new pandemic-related thr… Continue reading Financial institutions experiencing jump in new pandemic-related threats→

Digital transformation investments a top priority for most CFOs

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When it comes to digital transformation and its significance amongst other corporate priorities, 80% of CFOs globally cite it is within the top-five of their list of priorities. Furthermore, 71% of CFOs surveyed believe that digital transformation inve… Continue reading Digital transformation investments a top priority for most CFOs→