Boost to the financial crime battle as Resistant AI raises $27.6m
Resistant AI, a company leveraging AI and machine learning to secure financial services, has declared the expansion of its Series A funding.
Arturo expands catastrophe response capabilities to US market with innovative InsurTech solution
Arturo, an innovative property intelligence firm that facilitates strategic underwriting, risk assessment, and claim insights across entire portfolios, today unveiled a major global expansion.
Singaporean FinTech seed deal activity halves in Q1 2023 YoY
Key Singaporean FinTech seed investment stats in Q1 2023:
• Singaporean FinTech seed deal activity dropped 52% to 19 transactions in Q1 2023 YoY
• Singapore’s...
Top two deals make up lion’s share of FinTech funding this week
Two large deals of $296 and $93m respectively stole the show in this weeks FinTech funding round up.
Nordic FinTech deal activity sees correction in Q1 2023 dropping 33% YoY
Key Nordic FinTech investment stats in Q1 2023:
• Investment in Nordic FinTech companies reached $137m in Q1 2023, a 77% drop from Q1 2022
•...
Sunlight and Finovox joins forces to prevent insurance fraud
Sunlight, a cloud-native provider of core administration technology and InsurTech services, has partnered with French software editor Finovox to help insurance organisations prevent fraud.
FinTech revenues predicted to reach $1.5trn by 2030
FinTech revenues are set to grow sixfold from $245bn to $1.5trn by 2030, according to a report from Boston Consulting Group (BCG) and QED Investors. The report suggests that the FinTech sector, which currently holds a 2% share of the $12.5trn in global financial services revenue, is estimated to grow up to 7%.
UK government puts open finance at the forefront of new data legislation
The UK Department for Science, Innovation and Technology has put forward a new version of the Data Protection and Digital Innovation Bill.
Over 800 FinTech investors participated in European funding rounds in Q4 2022
Key Highlights from European FinTech investor activity during Q4 2022: • There were 863 unique FinTech investors in European companies
• They backed a total of...
Jumbo bags $3.5m funding
Jumbo, a provider of a decentralised exchange built on the NEAR Protocol, has picked up $3.5m in funding.