Over £20m worth of fraud averted by banking industry-funded police unit
A specialist policing unit funded by the banking and finance industry revealed that £20m worth of fraud was prevented in 2020 – a figure up by £1m compared to 2019.
UK retailers miss out on £130m in sales following SCA implementation
Data from Barclaycard Payments has found retailers in the UK have lost out on £130m in sales due to not being compliant with new Strong Customer Authentication (SCA) rules.
PayTechs blaze a trail in this week’s funding rounds
In the 25 FinTech funding rounds reported by FinTech Global this week, PayTech and Crypto firms led the way with high levels of funding.
Allianz Commercial reveals new Head of Portfolio Solutions to shape global strategy
Allianz Commercial has made a significant addition to its leadership team by appointing Claudia Valencia as the Global Head of Portfolio Solutions, effective from January 8, 2024.
Softbank taps mammoth Vision Fund for $800m Greensill investment
Softbank has tapped its mammoth Vision Fund to back business financing provider Greensill with $800m.
Mobile phone phishing scams jumped by 37% in the first quarter of 2020
Hackers are targeting smartphones more and more as they launch phishing scams to gain accesses to companies' digital infrastructure, according to cybersecurity company Lookout.
Investors pour funds into Tradeshifts’ vision
Tradeshift, a B2B commerce platform with embedded FinTech services, has secured more than $200m in funding and debt from a combination of existing and...
Canadian FinTech investment still on track to surpass 2021 levels despite lacking second quarter
• Canadian FinTech companies raised $0.21bn in the second quarter of 2022, an 89% reduction from Q1 2022, however, large deals that bolstered Q1...
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.
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...
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