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The risks of full automation in lending and what firms can learn from BNPL

The risks of full automation in lending and what firms can learn from BNPL

Last week, FinTech Global spoke to several players in the FinTech space about how automation can improve the customer experience within lending. This is the second part, which explores what the risks of full automation are and what traditional lending companies could learn from the buy now pay later (BNPL) providers.
uk fintech deals q1 2023

UK FinTech deal activity drops 42% in Q2 2023 YoY despite uptick from Q1

Key UK FinTech investment stats in Q2 2023 • UK FinTech deal activity reached 127 deals in Q2 2023, a 42% decrease from Q2 2022 •...
Resistant AI

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-catastrophe-response

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.
top seed deals in singapore q1 2023

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-lions-share-fintech-funding

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. 
top 10 fintech deals in nordics q1 2023

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-joins-forces-with-finovox-to-prevent-insurance-fraud

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 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

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.

News Stories

How Vneuron is tackling financial crime through unified compliance platforms

Financial crime rarely follows a predictable script. Instead, it moves through networks of accounts, counterparties, jurisdictions and transactions, exploiting the moments where compliance systems...
AML

Why your AML platform must be built for global scale

For enterprise financial institutions evaluating RegTech partners, the decision is far more than a procurement exercise. It is a long-term infrastructure commitment with direct...
Theta Lake

How Theta Lake is helping regulators define safe AI

As artificial intelligence reshapes financial services at pace, the question of what responsible adoption actually looks like in practice has become one of the...
Andera

Andera raises $37m to automate internal audit

Andera, an AI-native platform built to automate the internal audit function, has secured $37m in a Series A funding round led by Lightspeed Venture...

SumUp targets Canada’s small business payments gap

SumUp, a global FinTech company serving over four million merchants worldwide, has officially entered Canada, marking its 38th operational market and its most recent...

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