FinTech News

UK leads CyberTech deal volume in Europe as funding grows in 2024

UK claimed top spot for CyberTech deal volume in Europe for H1 as investors...

European CyberTech investment stats in H1 2024: European CyberTech funding increased by 28% YoY UK emerged as the most active country for CyberTech deals...
RT Specialty, a leading wholesale distributor of specialty insurance products and services, has announced several leadership team appointments effective October 1, 2024.

RT Specialty announces swathe of leadership team appointments

RT Specialty, a leading wholesale distributor of specialty insurance products and services, has announced several leadership team appointments effective October 1, 2024.
Xceedance, a global provider of consulting, technology, operations support, and data solutions, has acquired Millennium Information Services to accelerate its expansion in the personal lines sector. Xceedance, a global provider of consulting, technology, operations support, and data solutions, has acquired Millennium Information Services to accelerate its expansion in the personal lines sector. 

Xceedance strengthens personal lines underwriting with acquisition of Millennium Information Services

Xceedance, a global provider of consulting, technology, operations support, and data solutions, has acquired Millennium Information Services to accelerate its expansion in the personal lines sector. 
Axis Insurance Managers Inc., an award-winning Canadian brokerage firm, has announced its acquisition of O'Neill Group, one of British Columbia's leading employee group benefits, life insurance, and wealth advisory firms.

Axis Insurance acquires O’Neill Group to expand wealth and benefits services

Axis Insurance Managers Inc., an award-winning Canadian brokerage firm, has announced its acquisition of O'Neill Group, one of British Columbia's leading employee group benefits, life insurance, and wealth advisory firms.
Comply Exchange

How Comply Exchange’s WHS Extractor is transforming financial documentation

The Comply Exchange Withholding Statement Extractor stands out in the FinTech landscape as an innovative AI-powered solution, transforming the way withholding statements are handled by financial institutions.
Private equity giant Blackstone has confirmed plans for a £10bn investment in an AI data centre located in the North East of England, which is expected to create approximately 4,000 jobs.

Blackstone set to build £10bn AI data centre in North East England

Private equity giant Blackstone has confirmed plans for a £10bn investment in an AI data centre located in the North East of England, which is expected to create approximately 4,000 jobs.
IFRS

IFRS Foundation releases guide for voluntary sustainability disclosures

The IFRS Foundation has launched a guide titled "Voluntarily applying ISSB Standards—A Guide for Preparers," announced during New York Climate Week. This publication is...
deep

The rise of deep fakes: Understanding the technology and its implications

Deep fakes, or artificially generated media, represent a growing concern due to their increasing sophistication.
Meta

Meta hit with $102m EU fine over password security breach

Meta has been fined $102m by the Irish DPC for not encrypting user passwords, marking another penalty for the company.
AML

Key strategies to maximize efficiency in AML case management

In today's rapidly evolving FinTech landscape, the capacity to effectively manage a growing volume of financial transactions is paramount, particularly with the rise in digital transactions.

News Stories

Slow week for FinTech with $557m raised across 16 deals

Slow week for FinTech with $557m raised across 16 deals

The UK leads the way in a slow week for FinTech, with just 16 deals completed globally and a total of $557.5m raised.  In a...
Glia introduces online calculator for benchmarking customer interactions in finance

Glia introduces online calculator for benchmarking customer interactions in finance

Glia, a pioneering force in customer interaction technology, has unveiled its latest innovation—the Unified Interactions Index Online Calculator.
TrueLayer lands $50m boost to pioneer pay-by-bank innovation in Europe

TrueLayer lands $50m boost to pioneer pay-by-bank innovation in Europe

TrueLayer, recognised as Europe's premier pay-by-bank network, has recently completed a significant fundraising milestone by securing an additional $50m.
Standard Life and Raindrop launch revolutionary free pension tracing service

Standard Life and Raindrop launch revolutionary free pension tracing service

Paysend, a pioneering UK-based FinTech company, has launched a new remittance solution, Paysend Libre, aimed at bolstering financial inclusion across Northern Central America.
WTW bolsters UK wealth management influence with strategic stake in Atomos

WTW bolsters UK wealth management influence with strategic stake in Atomos

WTW has announced its acquisition of a stake in Atomos, a prominent, advice-led wealth manager operating in the UK.

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