Industry News

Legacy

Legacy tech set to cost banks $57.1bn by 2028

A study from IDC Financial Insights forecasts global banks are on track to spend $57.1bn on legacy payments technology in 2028.
OakNorth

OakNorth pioneers climate risk analysis tool for commercial banks till 2050

OakNorth, the renowned SaaS partner for commercial banks, has announced a substantial upgrade to its ON Climate application.
Plan A

European decarbonisation leader Plan A secures $27m in funding

Plan A, a corporate carbon accounting, decarbonisation, and ESG reporting software provider, has successfully finalised a $27m funding round. The round was spearheaded by Lightspeed...
Hawk

Hawk bags investment from Macquarie to boost AI anti-financial crime tech

Hawk, an AI-powered technology for fraud prevention and AML firm, has announced an expansion of its Series B financing round.
digital

Digital pound could launch in the next decade, UK Treasury claims

A recent consultation by the UK Treasury has revealed that plans for a digital UK currency are being considered and could be realised within a decade.
Cryptocurrency-brokerage-Genesis-receives-$140m-after-FTX-downfall

Cryptocurrency brokerage Genesis receives $140m after FTX downfall

 Genesis, a cryptocurrency brokerage, is reportedly set to receive a $140m equity infusion from its parent company, Digital Currency Group, to support its balance sheet.

Navigating AI risks: MAPFRE pioneers Responsible Artificial Intelligence

Amidst the rapid boom of Artificial Intelligence (AI), its increasing integration into societal structures and business models prompts crucial conversations on technology risks. MAPFRE, a multinational insurance company, has embarked on comprehensive research to understand these risks and to identify measures that could assess, monitor, and mitigate these risks, thereby enabling the deployment of Responsible AI (RAI).
AML

Navigating AML compliance in 2023: A detailed guide for MSBs

MSB have emerged as a crucial part of the financial ecosystem, bridging a gap that once only traditional banks would fill.
2023

A year of innovation and growth: IntellectAI’s impact in FinTech for 2023

2023 marked a significant milestone for IntellectAI, as the firm made new ventures into new territories of innovation.
IMTF

How IMTF seeks to be the financial industry’s partner against crime

Founded in 1987, RegTech firm IMTF develops best in-class RegTech solutions in the area of anti-financial crime.

News Stories

Solid week for FinTech deals with 28 recorded

A total of $459m was raised across all the FinTech deals that were recorded this week by FinTech Global.  Leading the way of all the...
Paystand spearheads zero-fee B2B payments network expansion into Canada

Paystand spearheads zero-fee B2B payments network expansion into Canada

Paystand, renowned for its blockchain-enabled B2B payments, is extending its zero-fee network to Canada, enhancing the scope of its services beyond the initial limited offering since 2018.
Hex Trust joins forces with Grass to revolutionize AI data collection

Hex Trust joins forces with Grass to revolutionize AI data collection

Hex Trust, a prominent digital asset solution provider catering to institutional finance and the Web3 ecosystem, has announced a strategic partnership with Grass.
Avaloq and Zürcher Kantonalbank launch innovative digital asset service

Avaloq and Zürcher Kantonalbank launch innovative digital asset service

Avaloq has introduced its cutting-edge digital asset platform at Zürcher Kantonalbank (ZKB), one of Switzerland's premier banking institutions, in collaboration with Fireblocks.
Barq and Mastercard collaborate to transform payment technology in Saudi Arabia

Barq and Mastercard collaborate to transform payment technology in Saudi Arabia

Barq, a pioneering FinTech startup from Saudi Arabia, has joined forces with the global financial services giant, Mastercard.

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