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Quantexa raises $153M to build out AI-based big data tools to track risk and run investigations

TechCrunch

to bring big data intelligence to risk analysis and investigations. Quantexa’s machine learning system approaches that challenge as a classic big data problem — too much data for a human to parse on their own, but small work for AI algorithms processing huge amounts of that data for specific ends.

Big Data 257
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Harbr raises $38.5M to help enterprises exchange and share big data troves securely

TechCrunch

Today, a new London startup called Harbr , which has built a secure platform to enable big data exchange, is announcing a big round of funding to tap into that demand. Cosgrove, an MBE , himself has a background in banking and before that U.K. “We’re really focused on helping people to treat data as a product.

Big Data 270
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Tonic is betting that synthetic data is the new big data to solve scalability and security

TechCrunch

Big data is a sham. There is just one problem with big data though: it’s honking huge. Processing petabytes of data to generate business insights is expensive and time consuming. Processing petabytes of data to generate business insights is expensive and time consuming. What should a company do?

Big Data 267
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Ocrolus lands $80M at a $500M+ valuation to automate document processing for fintechs and banks

TechCrunch

Thomvest Ventures, Mubadala Ventures, Oak HC/FT, FinTech Collective, QED Investors, Bullpen Capital, ValueStream Ventures, Laconia, RiverPark Ventures, Stage II Capital and Cross River Bank also participated in the latest round. The company is one that is refreshingly transparent about its financials. operations.

Fintech 243
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Stenn banks $50M on a $900M valuation for a platform to finance SMBs that trade internationally

TechCrunch

And yet, “the main source [of funding] for them right now is the traditional banking system. Banks in developed countries are focused on supply chain finance for large countries and banking systems in developing markets are still underdeveloped. trillion and will grow to $6.1 “They could be a barbershop.”

Banking 208
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Customer centricity: How Mashreq Bank is placing its customers at the forefront of its operations.

CIO

Mohamed Salah Abdel Hamid Abdel Razek, Senior Executive Vice President and Group Head of Tech, Transformation & Information, Mashreq explains how the bank is integrating advanced technologies and expanding its digital footprint. This approach has significantly enhanced the customer banking experience.

Banking 179
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2025 Middle East tech trends: How CIOs will drive innovation with AI

CIO

Similarly, the financial sector will see continued growth in fintech, digital payments and open banking, with cities like Dubai and Riyadh becoming central fintech hubs in the region. The Internet of Things will also play a transformative role in shaping the regions smart city and infrastructure projects.

Trends 158