FinTech News

UK-based DirectID, which offers credit risk, risk analytics and predictive modelling services, has received a €9m minority investment from Ingka Investments.

For as long as insurance has been around, criminals have been committing insurance fraud. With increasingly sophisticated fraud activity, insurers are turning to artificial intelligence and machine learning. However, they must develop standards to prevent unfair discrimination and remove any bias in these technologies.

Lithuanian FinTech PAYSTRAX has launched in the UK having received its Payment Institution License from the Financial Conduct Authority (FCA). 

Cybersecurity company Stamus Networks has closed its oversubscribed seed round on $1.5m

Cryptocurrency exchange platform FTX Trading has bagged $400m in its Series C funding round, which brings its valuation to $32bn.

Japanese FinTech company Bloomo, an asset building app based on US stocks and ETFs, has reportedly raised JPY 800m ($7m) in its seed round.

Digital banking solution developer Q2 Holdings has formed a partnership with Acorns, a micro-investing platform.

A range of cryptocurrency businesses could be forced to leave the UK market if they fail to register with the Financial Conduct Authority by Thursday this week.

Singapore-based cybersecurity platform watchTowr has collected $8m for its pre-Series A funding round.

FinTech companies in the Nordics raised over $2.1bn between 2014 and H1 2019, with $429.7m of this invested in the first six months of...