Global fintech investment fell by 19% in H1 2024, according to new Innovate Finance report
Total investment in fintechs worldwide amounted to $15.9bn in H1 2024, compared to $19.5bn in H2 2023.
News, intelligence and resources on the global fintech industry including topics such as reporting.
Total investment in fintechs worldwide amounted to $15.9bn in H1 2024, compared to $19.5bn in H2 2023.
With the DORA deadline fast approaching, FinTech Futures examines its expected impact on financial services.
HSBC says it plans to appeal FINMA’s ruling.
Zilch is preparing to launch its IPO in the next one to two years.
TymeBank expects to complete the round in Q4, with hopes of achieving unicorn status.
The initiative is scheduled to commence towards the end of 2024.
The company says the investment will be used to “move to the next level of its development”.
AlphaSense has raised $650 million in conjunction with its latest purchase.
Deutsche Bank, Citi, Mastercard, Northern Trust and trade finance platform Centrifuge all contributed to the report.
The tool aims to help small businesses comply with the UK’s upcoming Making Tax Digital initiative.
Through this acquisition, Cube aims to “set a new bar for the industry in regulatory automation”.
Kyndryl will provide the SIS business operated under Broadridge Canada with managed services.
The acquisition will also see Basware integrate AP Matching’s managed services division.
Synapse previously filed for Chapter 11 voluntary bankruptcy and laid off over 50% of its workforce last year.
The industry-led taskforce will aim to “unlock the full potential of open finance”.
Americans spent nearly $57bn on gaming hardware, software, and in-game transactions in 2023.
Our pick of the top fintech news stories this week includes Nuvei, Westpac, iCapital and more.
Exploring the safe, fast and cost-effective regulatory compliance solution the industry has been looking for.
The new limit is poised to save US consumers more than $14 billion a year.
The PRA says the fine is the second-largest issued by the regulator to date.
Crager is due to transition into the role of senior advisor upon his departure from the company’s leadership.
The deployment builds on an agreement between the two companies in August last year.
FINTRAC says it uncovered three administrative violations by RBC during an examination last year.
The solution works to consolidate the bank’s previously fragmented data sets for its global markets business lines.
Founder Nameer Khan describes his latest venture as “a catalyst for the evolution of ESG enforcement”.
The deals mark Fintel’s third and fourth acquisitions of the year, following deals for Micap and Competent Adviser.
The latest cash injection brings Arch’s total funding to date to over $25 million.
The group aims to make use of Oracle’s enterprise performance management and planning functions.
The round was led by Bain Capital Ventures, with participation from existing backers, angel investors and customers.
As ESG transitions towards a matter of law and compliance, a lack of focus could have very serious consequences.
The acquisition includes an additional $150,000 payment dependent on MIntegrity’s financial performance.
The Economic Crime and Corporate Transparency Bill could revolutionise how the UK fights financial crime.
It is the first-ever electronic communication fine issued in Great Britain relating to trading energy products.
The deal is expected to close on 31 August.
The SEC says the fine should serve as “a warning for all advisers to ensure compliance”.
Under the terms of the deal, W2 will now trade as ‘W2 by FullCircl’.
Tariq joins WealthKernel from FNZ Group, where she was group head of business intelligence for three years.
Frank Zhang, “a fintech, ISO standard certification and sustainability veteran”, will lead the new subsidiary.
The SEC has leveraged 30 enforcement actions to date against firms failing to comply with recordkeeping requirements.
The company has now raised more than $150 million to date.