Industry News

Blog Image

Temenos buys AI startup Logical Glue for £12m

Banking software firm Temenos has acquired artificial intelligence (AI) platform Logical Glue for £12 million, as the industry responds to demand for “explainable” AI banking products. Temenos said Logical Glue’s software-as-a-service (SaaS) platform would bolster its AI offering, giving banking…

Blog Image

Payments FinTech SumUp raises €330m

Payments FinTech SumUp has raised €330 million to grow its network of merchants across 31 markets worldwide. The funding round was led by Goldman Sachs Private Capital, Bain Capital Credit, HPS Investment Partners and TPG Sixth Street Partners.