Mosaic, DXC team to launch new speciality InsurTech platform
Mosaic Insurance and end-to-end IT services firm DXC Technology have partnered to launch a new insurance technology platform.
Gen Z and Millennial spending share to grow 48% by 2030, Afterpay report finds
A quarterly report by the buy now, pay later (BNPL) business Afterpay has estimated that spending share by Millennials and Gen Z will grow to almost 50% by 2030.
One nets $40m in Series B funding to bring all-in-one banking to middle class
San Francisco and Sacramento-based financial technology company One raised $40m in Series B funding to expand its digital banking-related product offerings for the middle-class.
Faering, Amazon, Premji Invest, Sequoia, others pour money into WealthTech firm Smallcase
Capital market-focused FinTech company Smallcase raised $40m in funding, led by Faering Capital as well as new investors Amazon Smbhav Venture Fund and Premji Invest.
Web application attacks on financial services see sharp incline in H1 2021
A study by cybersecurity firm Imperva Research Labs has found web applications attacks on the financial services industry hiked 38% between January and May 2021.
Revolut unveils earned wage platform to provide instant money access
UK FinTech firm Revolut is set to launch Payday, an earned wage access platform that will enable employees to track and have instant access to the money they have earned.
Nearly $1bn was issued in AML, KYC and data privacy fines during H1 2021
A total of $937.7m has been issued in fines for non-compliance with anti-money laundering, know your customer and data privacy regulations, in H1 2021.
SEC sues three former Netflix engineers over insider trading on subscriber numbers
Three former Netflix software engineers and two associates were charged with insider trading in a multi-million-dollar scheme that used inside information on the streaming giant’s subscriber growth, the Securities and Exchange Commission (SEC) said.
TrustLayer snares $15m to expand insurance verification platform
InsurTech firm TrustLayer has pulled in $15.1m from a Series A funding round led by Craft Ventures.
Sightline Payments becomes ‘Nevada’s first FinTech unicorn’ after latest funding round
Las Vegas-based company that offers digital payments tools in the sports betting and casino gaming market, Sightline Payments completed a $244m funding round valuing it at over $1bn.
© FinTech Global © Copyright 2024. All rights reserved.
