Global

March 2, 2025 @ 5:47 pm By Omar Faridi  |  

PitchBook’s latest research reveals a complex landscape for insurance technology (insurtech) venture funding in 2024, marked by a contraction in total investment but persistent investor interest and soaring valuations. In Q4 2024, PitchBook noted that deal value plummeted 42% quarter-over-quarter, dropping from $1.9 billion in… Read More

March 2, 2025 @ 5:31 pm By Omar Faridi  |  

OneKey Payments, one of Brazil’s payment solution providers, is expanding its instant payment offerings with Belvo’s Biometric Pix. Already a Belvo client using Pix via Open Finance, OneKey is now adding this new feature to its portfolio, “bringing security and convenience to its merchants and… Read More

March 2, 2025 @ 5:28 pm By Omar Faridi  |  

CME Group, the world’s derivatives marketplace, announced plans to launch Solana (SOL) futures on March 17, pending regulatory review. Market participants will have the choice to trade both “a micro-sized contract (25 SOL) and a larger-sized contract (500 SOL).” Giovanni Vicioso, Global Head of Cryptocurrency… Read More

March 2, 2025 @ 5:23 pm By Omar Faridi  |  

Singapore’s fintech sector “recalibrated” in 2024, with investment totaling $1.3 billion, the lowest level seen since 2020 according to a report from KPMG. This strategic pivot reflects a global trend “as fintech investment reached a seven-year low of US$95.6 billion.” Despite reduced funding levels, Singapore’s… Read More

March 2, 2025 @ 5:21 pm By Omar Faridi  |  

  The venture capital  or VC funding landscape in the UK market saw a year-on-year (YoY) decline in deal volume by “12.6% from January 2024 to January 2025, with the number of deals dropping from 87 to 76.” Despite this decrease in deal volume, the… Read More

March 1, 2025 @ 3:12 pm By Omar Faridi  |  

Bank of Ireland last year approved €600 million in new construction loans to housebuilders / property developers that are now supporting the delivery of 4,000 homes. The new lending lifts the Bank’s homebuilding loan approvals to €1.05 billion, which will “support the construction of 21,000… Read More

February 28, 2025 @ 1:06 pm By Omar Faridi  |  

Taktile – a decision automation platform – has reportedly raised $54 million in a Series B funding round, to continue enabling teams at fintech companies and financial institutions to optimize risk management strategies across the customer lifecycle. The investment round in the company was reportedly… Read More

February 28, 2025 @ 1:05 pm By Omar Faridi  |  

Global digital payments company, Checkout.com, announced its expansion plans in North America, with the opening of a new office in San Francisco to expand its local operations. This move underpins Checkout.com’s commitment to the region, which reportedly grew the “fastest of all its global regions… Read More

February 28, 2025 @ 1:04 pm By Omar Faridi  |  

Dynamo AI, makers of compliant-ready AI for the enterprise, announced that Experian has productionized Dynamo AI’s security and compliance suite to enable deployment of generative AI (GenAI) capabilities across its operations. The relationship, which reportedly began back in 2023, has now enabled Experian “to scale… Read More

February 28, 2025 @ 9:45 am By JD Alois  |  

It has been widely reported that multiple bank apps were not accessible by consumers. These include the Bank of Scotland, Lloyds, TSB, and Halifax Bank—all of which fall under the Lloyds Banking Group. Reportedly, Nationwide Building Society was also impacted. The issue is now apparently… Read More

February 28, 2025 @ 9:05 am By Omar Faridi  |  

The World Economic Forum and VivaTech have agreed to launch a European Centre for AI Excellence (CAIE) in Paris in 2025. The centre will join the World Economic Forum’s Centre for the Fourth Industrial Revolution (C4IR) global network, further “advancing its global leadership in leveraging… Read More

February 28, 2025 @ 9:01 am By Omar Faridi  |  

Innovate Finance, the industry body for UK based Fintech firms, has recently announced the launch of RegTech UK with the aim of improving the regulatory and policy environment for a sector that will be a core component of future growth in the UK. Under the… Read More

February 28, 2025 @ 8:53 am By Omar Faridi  |  

Blockchain ecosystem Cronos has reportedly unveiled a service enabling users to withdraw funds easily to a personal prepaid card. Facilitated through a partnership with Crypto.com, the feature is a key milestone in bridging decentralized and traditional finance. By connecting their web3 non-custodial wallet on Cronos… Read More

February 28, 2025 @ 8:41 am By Omar Faridi  |  

Fintech Scotland noted that five fintech firms have each been awarded £50,000 to propel developments that support financial inclusion, accelerate financial resilience and deepen consumer engagement in financial services. FinTech Scotland, in partnership with the University of Strathclyde and University of Glasgow, announced the outcome… Read More

February 27, 2025 @ 10:11 pm By Omar Faridi  |  

Global fintech Airwallex has launched in Aotearoa, marking a key milestone in its mission to provide businesses with innovative financial solutions. With a commitment to supporting New Zealand’s business ecosystem, Airwallex has appointed Lowry Gladwell as its Associate Director of New Zealand, “the company’s first… Read More

February 27, 2025 @ 10:07 pm By Omar Faridi  |  

Clara will now aim to offer its customers throughout Mexico, Colombia and Brazil Sumsub’s “full-cycle” verification platform and KYC/AML compliance expertise. Sumsub, a verification and compliance solutions provider, announced its partnership with Clara, the solution in Latin America for corporate expense management. This alliance will… Read More

February 27, 2025 @ 10:04 pm By Omar Faridi  |  

OKX and SlowMist noted in a report that on February 14, 2025, multiple users reported unauthorized access to their wallet assets. On-chain data analysis indicated that the incidents “exhibited characteristics of mnemonic phrase/private key leakage.” Further follow-ups with affected users revealed “that most of them… Read More

February 27, 2025 @ 3:22 pm By Omar Faridi  |  

Shop Circle announced the closure of its Series B funding round, securing $60 million in new capital. The funding round was led by Nextalia Ventures, a fund managed by the investment platform of Nextalia SGR S.p.A., with over “$1.6 billion in assets under management.” Additional… Read More

February 27, 2025 @ 10:15 am By JD Alois  |  

Stripe, a payments and cash management platform used widely around the world, says it will extend an offer to shareholders to purchase stock at a valuation of $91.5 Billion or €87.3 billion. Stripe noted that it is profitable and anticipates this will continue going forward…. Read More

February 27, 2025 @ 9:06 am By Omar Faridi  |  

The European Payment Study by management and technology consultancy BearingPoint reveals shifts in payment behavior across European countries. While cash usage continues to dominate transactions in German-speaking countries, it is “steadily declining across the continent.” In Germany, Austria, and Switzerland, cash remains the “most frequently… Read More