Company News

Biometric authentication usage to grow by just under 1,000% by 2024

Biometric authentication will be used to secure over $2.5 trillion worth of mobile payment transactions by 2024, according to an investigation from Juniper Research.

Portag3 Ventures closes $320m new fund to support FinTech startups

Canadian FinTech startups are getting spoilt for choice as another venture capital fund just closed.

Mobile POS transaction volumes to reach $1.9 trillion by 2024

Mobile points of sales (mPOS) transaction values are set to more than double by 2024, according to the latest study from Juniper Research.

Goldman Sachs lends $125m to Mercado Credito as Latin American FinTech investments are booming

E-commerce giant MercadoLibre's credit unit Mercado Credito has strengthened its financial muscles thanks to a $125m loan from investment bank Goldman Sachs.

Colombian investor buys stake in struggling Metro Bank as the challenger bank’s biggest backer...

While a Colombian banker has bought 7.4 million shares in Metro Bank, the British lender’s biggest backer has cut his stake in the beleaguered bank.

Chinese companies are shaping global facial recognition standards

From customer authentication to cybersecurity, RegTech companies can leverage facial recognition tech in numerous ways.

UK FinTech Uncapped officially launched to give European startups more funding alternatives

Uncapped has raised £10m to support its ambition to help European businesses grow by giving them an alternative to traditional investors or taking on debt.

hawk:AI partners with PwC to help financial institutions investigate fraud

hawk:AI, a RegTech 100 company, has formed a partnership with auditing and consulting firm PwC to better help financial institutions identify and investigate money laundering.

Ethereum cryptocurrency expert arrested after giving blockchain talk in North Korea

A cryptocurrency community rivalling bitcoin is in uproar after an Ethereum Foundation worker was arrested after giving a blockchain talk in North Korea.

Piggy banks getting the chop in favour of digital banking

Children in the UK are moving away from their piggy banks and towards online bank accounts, according to new research from Halifax.

News Stories

Strong week in the FinTech sector with $1.7bn raised

FinTech Global this week reported on 21 recorded deals in the FinTech sector, with a strong showing in the reinsurance space bringing the total value recorded over $1bn.

EU regulator suggests revamp in sustainable investment rules

The ESMA has recently recommended a significant overhaul of the Sustainable Finance Disclosure Regulation (SFDR) within the EU.
MNT-Halan, Egypt’s largest non-bank financial institution and FinTech, has acquired Tam Finans, a prominent commercial finance company in Turkey.

MNT-Halan expands into Turkey with acquisition of Tam Finans

MNT-Halan, Egypt’s largest non-bank financial institution and FinTech, has acquired Tam Finans, a prominent commercial finance company in Turkey.

EU banks and insurers lag in green compliance, PwC study finds

A recent PwC study has uncovered a striking deficiency in the alignment of financial institutions’ activities with the EU's taxonomy for sustainable activities. According...
India

India’s new climate finance taxonomy to propel green transition

India is poised to implement a climate finance taxonomy, as announced by the Minister of Finance, Nirmala Sitharaman, during the annual budget.

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