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AWS partners with big names moving services to the cloud 

Goldman Sachs announced its new Amazon Web Services (AWS)-backed cloud platform yesterday, opening up its large network of market data and software tools to third party institutions. NASDAQ plans to incorporate that product directly into its core network to deliver “ultra-low-latency edge compute capabilities” for its primary data center, and says it will partner with AWS to develop cloud services for the 130 market infrastructure clients that currently rely on its tech platform.

Dec 01, 2021By
FCA releases adjustments to open banking standards 

UK fintech firms caught a break on Monday after modifications to Open Banking rules by the Financial Conduct Authority (FCA) were released that will no longer require fintechs to re-authenticate customers every 90 days for continued access to bank account data.

Nov 30, 2021By
Amid supply constraints, proptech Lessen achieves unicorn status 

Proptech Lessen, a marketplace platform that connects property owners and service professionals, achieved unicorn status after announcing a $170 million Series B round led by Fifth Wall. Additional capital by Khosla Ventures, General Catalyst and Navitas Capital also helped boost the Arizona-based startup to its billion dollar valuation. According to Lessen CEO Jay McKee, Tuesday’s […]

Nov 30, 2021By
Bank of London takes launch, as other banks close branches 

The Bank of London has officially received its first bank license as the sixth principal clearing bank of the UK, only the second new clearing bank in the past 250 years years, according to a press release. TSB Bank, a large retail and commercial bank in the UK, announced today it would be closing another 70 branches across the country, according to The Guardian.

Nov 30, 2021By
Marqeta partners with Mastercard, Paycast in new card product launch 

Global card-issuing platform Marqeta and payments provider Mastercard announced a strategic partnership with payment engine Paycast to launch a new card product aimed at helping marketplace sellers get their money faster. The partnership will see Paycast integrating with Marqeta’s open API platform to build virtual cards that give sellers the ability to participate in the […]

Nov 24, 2021By
Computer Vision is boon for proptech: an exclusive with Quantarium CEO 

Quantarium‘s founders, who have deeply technical backgrounds in computer science and quantitative genetics, weren’t seeking to disrupt a traditionally manual industry with artificial intelligence and machine learning – although that’s what happened. Built on scalable cloud infrastructure, this company’s Automated Valuation Model (AVM) features deep learning algorithms that have processed data on over a 100 […]

Nov 24, 2021By
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