FinTech News

Payhawk, the global spend management solution, has obtained a licensed Electronic Money Institution (EMI) status in the United Kingdom.

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.

Marketplace lending platform P2Binvestor has bagged $17m in its latest round which was comprised of both equity and debt.

Spending on RegTech is expected to exceed $130bn by 2025, growing by 290% from the $33bn spent in 2020, a new study from Juniper Research claims.

Wefox, the German insurance startup, is set to replace CEO Mark Hartigan by the end of the year.

Billing and automation platform Ordway has scored $2.5m in its latest growth round of funding.

The new study by FintechOS titled 'Generative Artificial Intelligence: The Technology Polarising the Financial Services Industry' has found that 73% of financial services executives fear generative AI might replace their jobs eventually.

Every company has digital assets, but not all of them are doing enough to protect them, which could lead to massive problems down the line.

Helvetia Insurance has acquired Hanover-based provider of auto insurance solutions Mobile Garantie.

Money laundering, bribery and corruption are still a pressing issue within financial institutions, but the best way to combat this is through solid operational risk management sponsored from the top.