{"id":23407,"date":"2021-04-27T16:21:00","date_gmt":"2021-04-27T16:21:00","guid":{"rendered":"https:\/\/codeandpepper.com\/?p=23407"},"modified":"2021-05-21T14:08:14","modified_gmt":"2021-05-21T14:08:14","slug":"fintech-wire-26-weekly-news-20-26-april-2021","status":"publish","type":"post","link":"https:\/\/codeandpepper.com\/fintech-wire-26-weekly-news-20-26-april-2021\/","title":{"rendered":"FinTech Wire #26: Global Initiative Launched in Wales, New Technology Will Detect Market Abuse"},"content":{"rendered":"\n

Scaling up FinTech startups will have an opportunity to grow in Wales, PwC\u2019s FinTech Scale up programme will support nine ambitious WealthTech startups\u2026 It seems like accelerators are getting back to normal. And what else happened in FinTech lately?<\/strong> Find out!<\/p>\n\n\n\n\n\n\n\n

\"Weekly<\/figure><\/div>\n\n\n\n

Weekly FinTech news digest: 20\u201426 April 2021<\/h2>\n\n\n\n

Foundry, a FinTech Wales accelerator programme, launched <\/h1>\n
\n
\n \"FinTech <\/div>\n
\n

The initiative invites global startups to come \u2018scale in Wales\u2019 <\/h2>\n <\/div>\n <\/div>\n
\n

Do you represent a startup that already has a working solution and is ready to scale? Then you\u2019re invited to Wales! FinTech Wales Foundry<\/a>, a new initiative announced at the UK FinTech Week 2021, is an accelerator programme<\/strong> designed to connect global startups with Welsh organisations. The goal? Creating new jobs, driving investments in the sector, and scaling innovative solutions that will contribute to solving the societal and business challenges in Wales. The applicants will get access to tools, mentorship and other perks, and will have a chance to work with leading Welsh institutions such as the Welsh Government, Cardiff Capital Region, Cardiff University or Angels Invest Wales. The Foundry is accepting applications until 7 June, so hurry up!<\/p>\n

Read more about the top FinTech accelerators in London<\/a><\/b><\/p>\n <\/div>\n \n \n<\/svg>\n<\/article>\n\n\n\n

UK-based 3s.money hits \u00a340 million valuation after raising \u00a33 million<\/h1>\n
\n
\n \"3s.money <\/div>\n
\n

The startup helps corporates accept and manage bank transfers in foreign markets<\/h2>\n <\/div>\n <\/div>\n
\n

The \u00a33 million Series B funding round was led by TMT Investments, reported Finextra<\/a>. Therefore, the startup that has grown revenues fourfold since the start of the Covid-19 pandemic is now valued at \u00a340 million. With offices in London, Dubai, Amsterdam, Luxembourg and Riga, and clients in over 190 countries, 3s.money<\/a> allows businesses to accept and make international payments using a multi-currency account<\/strong>. The funding will be used to further grow the company\u2019s headcount and to expand to new markets.<\/p>\n

Read more about the leading payment startups<\/a><\/b><\/p>\n <\/div>\n \n \n<\/svg>\n<\/article>\n\n\n\n

SteelEye to tackle market abuse with new lexicon technology<\/h1>\n
\n
\n \"SteelEye <\/div>\n
\n

The solution will help avoid false positives thanks to AI<\/h2>\n <\/div>\n <\/div>\n
\n

SteelEye, a compliance and financial data analytics software company, unveiled the details of its brand new market abuse and communications monitoring product<\/a> based on an improved lexicon technology. According to Chief Product Officer Matt Storey, firms using legacy lexicons face the problem of high values of false positives because these solutions don\u2019t consider the context of the communication. At the same time, the number of search terms that trigger alerts is limited. The new lexicon technology developed by SteelEye<\/a> is powered by AI<\/a> and therefore, is context-aware and can capture selected terms with all the variations, abbreviations and even typos.<\/p>\n

Read more about the use of AI to battle financial crime<\/a><\/b><\/p>\n <\/div>\n \n \n<\/svg>\n<\/article>\n\n\n\n

Wealth Tech 2021 programme launched by PwC UK<\/h1>\n
\n
\n \"New <\/div>\n
\n

The programme will support the growth of nine WealthTech businesses<\/h2>\n <\/div>\n <\/div>\n
\n

Exciting news from PwC: the FinTech Scale up<\/a> programme is back! The company has announced the latest cohort of WealthTech businesses<\/strong> that will get the opportunity to accelerate growth and gain new connections in the sector during the 10-week programme. Nine innovative startups were selected<\/a> to take part in the initiative: Datactics, providing tools for data quality; Creative Mass, a wealth platform based on Salesforce; Novastone, a secure messaging solution for financial services; Tiller, a provider of client journey solutions for wealth industry; Conser, a third-party ESG verifier; My Compliance Centre, a provider of a compliance platform; Opus Nebula, a reporting system provider, 3rd Eyes Analytics, focused on goal-based investing; and Clear Macro, an investment data analysis company. Congratulations to all the startups selected for the programme!<\/p>\n

Read more about asset management software development<\/a><\/b><\/p>\n <\/div>\n \n \n<\/svg>\n<\/article>\n\n\n\n

Ionburst Cloud expands in the UK by launching its platform in the AWS London region<\/h1>\n
\n
\n \"Ionburst <\/div>\n
\n

The product boasts promising initial traction in the technology and FinTech sectors<\/h2>\n <\/div>\n <\/div>\n
\n

Ionburst\u2019s object storage cloud platform<\/a>, widely used by FinTech businesses, is now generally available in the Amazon Web Services London region<\/a>. The platform assures a high level of data privacy, bridging the data protection gap in cloud services<\/strong>. Ionburst\u2019s solution allows businesses to meet the strictest privacy requirements such as GDPR or EU-US Data Privacy Shield. UK businesses that want to level up their data security game can now find the Ionburst Cloud<\/a> on the AWS Marketplace with an extra bonus: a 5GB free tier.<\/p>\n

Read more about the security standards in FinTech<\/a><\/b><\/p>\n <\/div>\n \n \n<\/svg>\n<\/article>\n\n\n\n

FinTech Wire, your trusted source of FinTech updates<\/h2>\n\n\n\n

Have you ever felt that it\u2019s tough to stay abreast of all the market news? There\u2019s a lot going on in FinTech every single day, so it\u2019s totally understandable! But no worries: we come to the rescue with the carefully curated selection of essential FinTech news published on our social media channels and blog. Follow us to be the first to receive them!<\/p>\n","protected":false},"excerpt":{"rendered":"

Scaling up FinTech startups will have an opportunity to grow in Wales, PwC\u2019s FinTech Scale up programme will support nine ambitious WealthTech startups\u2026 It seems like accelerators are getting back to normal. And what else happened in FinTech lately? Find out!<\/p>\n","protected":false},"author":20412,"featured_media":23408,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1641],"tags":[1609,1679,1127,934],"class_list":["post-23407","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech-wire","tag-cloud-computing","tag-fintech-accelerators","tag-fintech-cyber-security","tag-fintech-startups"],"acf":[],"yoast_head":"\nFinTech Wire #26 - Weekly News 20-26 April 2021 | Code & Pepper<\/title>\n<meta name=\"description\" content=\"FinTech Foundry launches in Wales, new WealthTech startups join PwC FinTech programme, and Ionburst Cloud comes to the UK: read the news here!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/codeandpepper.com\/fintech-wire-26-weekly-news-20-26-april-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FinTech Wire #26 - 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