FinTech News

Companies like Amazon, Google and Facebook have taken steps into the financial industry, but now a French minister is urging FinTechs to stand their ground.

The value of end-user spend on digital goods via carrier billing is expected to exceed $74bn by 2026, a significant increase from $54bn in 2022, according to a report from Juniper Research.

Large Swiss companies and financial institutions will be required to disclose information on their climate-related risks, impacts and plans following new legislation passed.

Palo Alto Networks will acquire cloud security start-up Dig Security, a provider in data security posture management.

The Beans, which helps middle-income workers build financial plans, has netted $2m in a funding round led by Precursor Ventures.

Prosper Marketplace, a peer-to-peer lending platform in the US, has closed a new $75m financing round from Neuberger Berman.

Pan-European payment institution Lemon Way has netted €10m in funding led by Breega Capital.

The Advertising Futures and Options Exchange (AFOX) platform has released new services which will enable media and advertising contracts to be tokenised.

Doconomy, a climate technology startup helping banks understand their environmental impact, has acquired Stockholm-based financial wellbeing FinTech Dreams Technology.

President Joe Biden has claimed the US is more likely to end up in a ‘real shooting war with a major power’ due to cybercrime than any other form of conflict.