This Week: Finbourne, Eventus, Esprow & more

A summary of the latest financial technology news.

Finbourne extends Series A round with £30 million debt facility from Kreos Capital

Finbourne has secured a £30 million (~$37 million) debt facility from Kreos Capital. The funding forms an extension to Finbourne’s Series A round, which was completed in April 2021.

The fintech, which provides SaaS-delivered data management solutions to simplify infrastructure concerns for financial institutions, says that it will use the funds to branch out beyond its investment management origins into banking

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The IMD Wrap: Will banks spend more on AI than on market data?

As spend on generative AI tools exceeds previous expectations, Max showcases one new tool harnessing AI to help risk and portfolio managers better understand data about their investments—while leaving them always in control of any resulting decisions.

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