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63% of Financial Institutions expect an increase in data costs in 2024

In a report published March 2024, Alveo polled 200 financial institutions about their current usage of data and AI. The respondents were split over...

AI will have the biggest impact on customer experience and operations

A recent report from EY looked at insurers’ focus on leveraging AI and data science in several key areas. Insurers know the potential benefits...

Global InsurTech seed deal activity halves in Q1 2024 YoY

Key Global InsurTech seed deal investment stats in Q1 2024: • InsurTech seed deal activity reached 25 deals in Q1 2024, a 52% reduction from...
Revolutionary FinTech Kemet Trading raises $5m to redefine digital asset derivatives trading

Revolutionary FinTech Kemet Trading raises $5m to redefine digital asset derivatives trading

Kemet Trading, a pioneering FinTech company, has successfully raised $5m in a financing round led by Further Ventures.

Baltic FinTech deal activity drops 45% in 2023 even with government growth strategies

Key Baltic FinTech investment stats in 2023 • Baltic FinTech investment totalled at $212m in 2023, a 67% drop YoY • Baltic FinTech deal activity reached...

Four of the top ten Swiss FinTech deals were Digital Asset companies in 2023

Key Swiss FinTech investment stats in 2023: • Swiss FinTech companies raised a combined $451m in 2023, a 62% drop YoY • Swiss FinTech deal activity...

UK FinTech investment more than halves in 2023

Key UK FinTech investment stats in 2023: • UK FinTech companies raised a combined $4,190m in 2023, a 59% drop from 2022 • UK FinTech deal...
Capella Space Corp., an American space tech company, has announced a strategic partnership with Floodbase to enhance parametric flood insurance.

Capella Space and Floodbase partner to enhance parametric flood insurance

Capella Space Corp., an American space tech company, has announced a strategic partnership with Floodbase to enhance parametric flood insurance.
In a bid to revolutionise the landscape of Business Intelligence (BI) applications, Ilya Mokin, Head of R&D at Symfa, unveiled the intricate details of their recent BI modernisation project. Addressing the common challenge of sluggish reporting, Mokin shed some light on the hurdles faced, from onboarding complexities to navigating intricate business logic.

How to modernise a legacy BI application for an insurance giant

In a bid to revolutionise the landscape of Business Intelligence (BI) applications, Ilya Mokin, Head of R&D at Symfa, unveiled the intricate details of their recent BI modernisation project. Addressing the common challenge of sluggish reporting, Mokin shed some light on the hurdles faced, from onboarding complexities to navigating intricate business logic.

Spanish FinTech deal activity outperformed the European FinTech market in 2023

Key Spanish FinTech investment stats in 2023 • Spanish FinTech deal activity totalled at 99 transactions in 2023, a 19% reduction from 2022 • Spanish FinTech...

News Stories

Strong week in the FinTech sector with $1.7bn raised

FinTech Global this week reported on 21 recorded deals in the FinTech sector, with a strong showing in the reinsurance space bringing the total value recorded over $1bn.

EU regulator suggests revamp in sustainable investment rules

The ESMA has recently recommended a significant overhaul of the Sustainable Finance Disclosure Regulation (SFDR) within the EU.
MNT-Halan, Egypt’s largest non-bank financial institution and FinTech, has acquired Tam Finans, a prominent commercial finance company in Turkey.

MNT-Halan expands into Turkey with acquisition of Tam Finans

MNT-Halan, Egypt’s largest non-bank financial institution and FinTech, has acquired Tam Finans, a prominent commercial finance company in Turkey.

EU banks and insurers lag in green compliance, PwC study finds

A recent PwC study has uncovered a striking deficiency in the alignment of financial institutions’ activities with the EU's taxonomy for sustainable activities. According...
India

India’s new climate finance taxonomy to propel green transition

India is poised to implement a climate finance taxonomy, as announced by the Minister of Finance, Nirmala Sitharaman, during the annual budget.

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