Industry News

USA dominated this week's FinTech funding rounds, with 15 of the 22 rounds, totalling 

BioCatch has launched the first fully integrated fraud and AML product portfolio designed to combat financial scamming. 

Insurance firm Duck Creek Technologies has recently announced its foray into the Indian general insurance market.

Coinbase Financial Markets, Inc. has achieved a significant milestone by receiving regulatory clearance from the National Futures Association (NFA), a CFTC-designated self-regulatory body. This approval allows them to function as a Futures Commission Merchant (FCM) and extend their crypto futures offering to eligible US customers via their platforms.

Koverly, a global B2B payments solution providing payment flexibility alongside reduced foreign exchange rates, has introduced KoverlyPay, a novel buy now, pay later (BNPL) service.

The incumbent Brazilian government is poised to make a significant move in the world of sustainable finance.

Qashier, a Singapore-based payments system provider, has impressively amassed US$10m in a series A funding round.

The FinTech realm is buzzing with Tofu's recent announcement. Operating under the banner "GetPaid Inc.", this FinTech startup has made a grand entry in the US market, unveiling a holistic business management platform.

A recent study from responsible lender Creditspring reveals alarming insights into the dire state of mental health among young Brits due to the escalating cost of living crisis. With financial stress reaching unprecedented levels, almost half of the youth admit to witnessing a significant decline in their mental wellbeing.

Research by Moody’s Analytics reveals a lack of public awareness about Politically Exposed Persons (PEPs) and the associated risks.