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Activist investor defends Temenos but calls for CEO's removal

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Activist investor defends Temenos but calls for CEO's removal

Activist investor Petrus Advisers has called for the ouster of Temenos interim CEO Andreas Andreades in the wake of allegations made this week by Hindenburg Research. However, Petrus has rejected some of Hindenburg's criticisms of the Swiss fintech, arguing that it has recently made "substantial progress".

NextGen Nordics 2024: What to expect from this year's conference

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NextGen Nordics 2024: What to expect from this year's conference

Finextra is returning to Stockholm for the annual NextGen Nordics event. Attendees can expect in-depth conversations on a variety of topics, and much more.

Temenos fights back against Hindenburg report allegations

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Temenos fights back against Hindenburg report allegations

Swiss core banking vendor Temenos has hit back at Hindenburg Research, insisting that the damning report published yesterday by the activist investment firm contains "factual inaccuracies" and "false and misleading allegations".

US sanctions firms for providing tech to Central Bank of Iran

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US sanctions firms for providing tech to Central Bank of Iran

The United States has imposed sanctions on several companies and individuals for smuggling technology to the Central Bank of Iran (CBI).

PayPal invests in conversational AI firm Rasa

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PayPal invests in conversational AI firm Rasa

PayPal Ventures has co-led a $30 million Series C funding round for generative conversational AI platform Rasa.

Temenos shares plunge on damning report

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Temenos shares plunge on damning report

Shares in Swiss core banking vendor Temenos have plunged, after Hindenburg Research shorted the company alleging "accounting irregularities, failed products and an illusive turnaround".

Kema raises $2m to help B2B SMEs with cash flow

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Kema raises $2m to help B2B SMEs with cash flow

UAE-based fintech SaaS platform Kema has raised $2 million in a pre-seed funding round led by Speedinvest.

Fordefi secures $10m investment for crypto wallet-as-a-service

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Fordefi secures $10m investment for crypto wallet-as-a-service

Cryptocurrency firm Fordefi is launching a wallet-as-a-service offering after raising $10 million in a seed-extension round.

Ripple to acquire Standard Custody

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Ripple to acquire Standard Custody

Ripple has agreed to acquire Standard Custody & Trust Company, an enterprise-grade regulated platform for digital assets.

Sibli raises $4.5m for AI-powered investment research

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Sibli raises $4.5m for AI-powered investment research

Sibli, a startup using AI to help asset managers in the investment research process, has raised $4.5 million in seed funding.

SME banking challenger Finom raises €50 million

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SME banking challenger Finom raises €50 million

Finom, the Amsterdam-based financial management platform for SMEs and freelancers, has raised €50 million in Series B funding led by General Catalyst and Northzone.

GitHub CoPilot gives ANZ engineers productivity boost

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GitHub CoPilot gives ANZ engineers productivity boost

Software engineers at ANZ Bank saw a "notable boost" in productivity and code quality when using the GitHub Copilot AI tool.

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