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Accenture buys design agency to help redesign retail banking

Professional services giant Accenture has acquired digital banking-focused design agency Allen International to boost its digital transformation capabilities.

Smart home InsurTech startup Neos nabs £1m

Smart home insurance service Neos has raised £1m in a seed round from Eos Venture Partners.

CityFALCON smashes through crowdfunding target

London financial news and intelligence platform CityFALCON has hit its £150,000 crowdfunding target in less than a month. The company attracted 120 investors to its campaign on Seedrs.

Ravelin scoops up £3m for machine learning fraud detection

London-based fraud detection startup Ravelin has raised £3m in a Series A round of funding. The investment was led by Playfair Capital with existing backers Amadeus Capital and Passion Capital.

Funderbeam pockets $2.6m for blockchain stock exchange

Funderbeam has raised $2.6m in a new round of ventures funding from Draper Associates, Thomson Reuters and IQ Capital.

Alipay partners with Zapper for UK payments

Chinese mobile payments service Alipay is partnering with UK consumer insights and marketing platform Zapper.

Financial fraud grows 25% as criminals exploit data breaches

Financial fraud losses reached £399.5m in the first half of 2016, a 25% increase on the £320.3m lost in the same period last year as a result of scams and online attacks.

Sonovate takes on £14m for contract recruitment financing

Sonovate has raised a new round of funding totaling £14m for its recruiter-financing business. The Series B round was led by Global Founders Capital.

Plum nabs $500,000 for savings chatbot

Facebook Messenger-based chatbot Plum has raised $500,000 in a seed round of funding led by 500 Startup’s microfund. The round also saw local angel investors participate.

OpenGamma grabs $13.3m for rick-as-a-service software

Financial services software provider OpenGamma has raised $13.3m in a new round of funding. The investment was led by Accel and ICAP with individual investor...

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