The startup has officially raised their $100 million round, valuing the company at $2.6 billion; what’s amazing is that the...
Brex has announced a significant $150 million round at a time when fintech funding has slowed significantly; the round was...
Fintech Brex expresses regret over the way it communicated its decision to stop working with SMBs.
Brex says it will stop serving smaller customers and focus more on the enterprise segment and growing its SaaS business.
Some UK fintech firms are beginning to look at opening offices in other locations across Europe to appeal to young software engineers; Brexit has hurt the market for software engineers in the UK; while the initial evidence is anecdotal UK fintech companies like Curerencycloud are beginning to feel the pressure; Mike Laven, chief executive of Currencycloud, tells the FT, “We understand passporting, regulation and compliance and it will cost us money, but we will sort that out. To me, the London fintech issue is more around having the right people and having very easy access to that.” Source.
According to new statistics released by the UK’s Insolvency Service personal insolvencies rose by 16.2% in 2018, while more than 16,000...
The latest withdrawal agreement from Theresa May was soundly rejected by Parliament and now uncertainty takes center stage as a...
Fintech startup Brex is in discussions to raise a fresh round of capital that will value the company at $2bn...
With the announcement of the pending resignation of Comptroller of the Currency, Joseph Otting, it didn’t take long for a...
As the global leader in cognitive solutions, IBM's Watson is one of the top artificial intelligence offerings for financial services companies; Brian Walter is IBM's Global Leader of Watson Client Insights and Cognitive Experience for the company's Watson Financial Services Solutions group; Brian Walter gave a keynote speech on Tuesday at LendIt USA and also talked with Forbes about how artificial intelligence is changing the financial world; in his interview with Forbes he discusses the use of cognitive solutions for financial services compliance, customer service and customer acquisition; also talks about IBM's cognitive solutions for supporting banks, fintechs and developers. Source