Data/analyticsRSS

EU-US Privacy Shield faces its moment of truth

EU-US Privacy Shield

While you were tucking into your ham sarnie European Commission Věra Jourová touched down in the US to start the first annual review of the EU-US Privacy Shield, reports Telecoms.com (Banking Technology’s sister publication). It’s the reason why the internet giants of Silicon Valley can do business in the European bloc, or at least the reason […]

Big Xyt going trading places with new data analytics hub

Big Xyt 1

Big Xyt, a smart data and analytics provider, has unveiled its new hub for trading firms to integrate tick data and analytics via a single API. According to the firm, the Xyt hub allows companies to consume, analyse and visualise data through cloud-based technologies, featuring Data-as-a-Service (DaaS) and nice Analytics-as-a-Service (AaaS) functionalities. Bats has signed […]

Fintech funding round-up: 13 September 2017

Funding

Quickly following on from the fintech funding round-up on 11 September, here’s more action in a concise form. Features InfoSum, Neyber, Goldman Sachs, Forward Partners and BlackRock. Data tech start-up InfoSum has added $5 million to its seed funding, taking the total raised to date to $8 million. Joining existing investors Mark Suster (Upfront Ventures) […]

Cyberattack on Equifax threatens 143m US consumers

Equifax Canada

Information specialist Equifax has revealed a cybersecurity incident potentially impacting approximately 143 million US consumers. It says criminals exploited a US website application vulnerability to gain access to certain files. Based on the company’s investigation, the unauthorised access occurred from mid-May through July 2017. The company has found “no evidence of unauthorised activity on Equifax’s […]

Fintech funding round-up: 7 September 2017

Tandem's future is secured

The fintech funding is on fire. Following on from yesterday’s (6 September) action, here’s another round-up. Features ABN Amro, Cloud Lending Solutions, Dataiku, EY and Innovate Finance. Amsterdam-based ABN Amro has made an undisclosed investment in US-based Cloud Lending Solutions (CLS) – the second by the bank’s Digital Impact Fund (DIF) and in line with […]

Nasdaq buys analytics provider eVestment for $705m

Nasdaq 2

Nasdaq will acquire eVestment, a content and analytics provider used by asset managers and investment consultants, for $705 million funded through a mix of debt and cash on hand. According to Nasdaq, eVestment provides investors a database for both traditional and alternative strategies, including 2,800 individual data points on more than 74,000 investment vehicles. eVestment […]

Softbank gets hard for data-powered AI

softbank

“Those who rule chips will rule the entire world. Those who rule data will rule the entire world. That’s what people of the future will say.” The words of Softbank’s founder and CEO Masayoshi Son, who was bigging up his company at a presentation in Tokyo and laying down some future plans that artificial intelligence […]

Data Pitch launches European accelerator

data pitch 1

Data Pitch has unleashed its new accelerator in the search for start-ups and SMEs across Europe with fresh ideas for data products and services. The plan is to connect data providers “with nagging business problems” to firms with the right solutions. It’s not limited to fintech, but successful applicants will receive up to €100,000 equity […]

Absa targets African millennials with Hello Soda partnership

Absa

Absa Bank, a subsidiary of Barclays Africa, has partnered with multilingual text analytics and big data firm, Hello Soda, as it looks to tap into the millennial market. The bank says it wants to make sense of unstructured social data to better understand its consumer base. According to Absa, Hello Soda provides new ways for […]

Ephesoft earns $15m investment from Mercato Partners

Ephesoft 1

Document capture and data analytics company Ephesoft landed $15 million in Series A funding from Mercato Partners. This marks the company’s first round of funding since it was founded in 2010, reports Finovate (Banking Technology’s sister company). “Mercato’s investment will help Ephesoft realise its vision of liberating meaning through machine learning technology,” says Ike Kavas, Ephesoft’s founder. […]

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