by Florin Oprea
Element AI, an artificial intelligence company that delivers groundbreaking AI solutions, announced today it has raised $102M USD, representing the largest Series A funding round for an artificial intelligence company in history
Ellie Burns – Computer Business Review
There is a new kid on the fintech block, with Misys and D+H joining forces to create a diversified global financial software company – a company billed as the third largest fintech company in the world.
Kevin Wack – American Banker (sub)
Fundbox, a San Francisco-based online lender, is opening its platform to a wider swath of U.S. small businesses.
FAO: Interesting product. Press release here.
Wall Street Journal (sub)
Jonathan Larsen of Chinese insurance giant Ping An says it’s partly customers, partly technology and partly regulators
FAO: Reference is made to Ping An’s announcement this week. The Chinese insurance giant launched a USD 1B fund hunting fintech deals.
Technological advances are reshaping our jobs and the nature of work. How will the global economic system evolve? What will the future of work look like?
DNT: Very interesting! The nature of work is evolving faster than ever before. So, all of us will need to be aware about the changes and trends…There are so many variables: stability, choices, flexibility, technology, global connectivity and so on…
Ben Martin – The Telegraph
The boss of banking software firm Misys is to take the helm of a new £1.7bn company called Finastra that has been formed from the British company’s merger with Canadian rival DH Corp.
FAO: Steps after the mega merger.
Tom Arnold, Louise Heavens – Reuters
Bahrain’s central bank has issued new rules to create a regulatory unit that will allow financial technology firms to test and experiment banking ideas in a controlled environment.
Bahrain News Agency
The Central Bank of Bahrain (CBB) has announced new regulations to create a regulatory sandbox that will allow startups and fintech firms to test and experiment their banking ideas and solutions.
Clifford Alvares – Businessworld
In the age of AI, big data and cloud, the question is not why, but how fast one can adopt tech’s disruptive forces.
Antony Peyton – Banking technology
Responding to the European Union (EU) consultation on fintech, the European Banking Federation (EBF) wants the creation of an inclusive ecosystem and asks for people to get on with it.
Salman Khan – The London Economic
A strong technology sector, resilient financial system, fantastic talent pool and low business costs put Toronto on the global fintech map.
FAO: Toronto wants a piece of the big fintech pie.
David Swan – The Australian
Australian start-ups will be given the chance to participate in Virgin StartUp’s accelerator program, with Brisbane-based start-up hub Creative Enterprise Australia announcing the winner of its pitching competition will head to London and Copenhagen.
ConorCawley – Tech.co
Accelerators, while an integral piece of the startup puzzle, are a dime a dozen. With US cities making a bigger push for innovation, these purveyors of capital, mentorship, and other business resources have become a staple of startup ecosystems across the country.
Fintech71, a cross-industry Ohio-based accelerator focused on financial technology, is gaining momentum across the globe since it launched in late April. With the applications process now well under way, the unique non-profit collaboration platform is seeing significant interest from fintechs as well as more corporates joining the partnership.
FAO: Florin Adrian Oprea, Editor-in-chief FinTech Daily News