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.
The initiative is scheduled to commence towards the end of 2024.
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.
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.
Synapse previously filed for Chapter 11 voluntary bankruptcy and laid off over 50% of its workforce last year.
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.
Crager is due to transition into the role of senior advisor upon his departure from the company’s leadership.
FINTRAC says it uncovered three administrative violations by RBC during an examination last year.
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.
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”.
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.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Moody’s Analytics’ Orbis database is set to strengthen the European Commission’s anti-fraud efforts.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The US Federal Reserve has fined Credit Suisse $269 million, with the UK’s PRA issuing a further $119 million fine.
ThetaRay currently engages around one billion end users and monitors over 15 billion transactions per year.
With the funds, Jirav plans to fuel product development, expand its customer base and attract new talent.
Sonar will help protect the growing business against sanctions violations and other types of financial crime.
AML RightSource’s tech will automate Golden 1’s transaction monitoring investigations and reporting.
Corlytics’ CEO John Byrne says the deal “sets the runway for further strategic acquisitions”.
Firms would need to submit information on terms and conditions that “waive or limit” consumer rights.
Over the next few years, many organisations will transform their business models and put ESG front and centre.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Explore thousands of open roles on the FinTech Futures Job Board today.
With a range of taxonomies, sources and utilities, ESG data is still some way from being standardised.
ESG management, fuelled by innovation, can have a positive impact on a firm’s financial performance.
The CFPB will set out guidance to hem BNPL firms much closer to credit cards in terms of regulation.
The acquisition, for an undisclosed sum, is expected to close by the end of Q3.
SteelEye claims the $21m Series B marks the largest raise by a European regtech firm in 2022.