As part of KPMG research, 111 banks from more than 20 countries have answered questions on their progress on and challenges with taking new ESG risk drivers into account and meeting stakeholder expectations. Key hurdles for banks include the availability and quality of data, evolving regulatory requirements, and a shortage of skilled personnel. To address these challenges, forward-thinking banks are...

This research was derived from a 2023 survey conducted by McKinsey and The Institute of International Finance of 37 financial services companies around the world. The institutions surveyed included asset managers and private equity companies; retail, corporate, and investment banks; payment companies and clearing houses; capital markets; insurers; and a major data provider. Twenty-six of the institutions reported less...

CyberTech companies accounted for the lion's share of FinTech deals this week, accounting for 11 of the total 34 deals.  Not only did the CyberTech sector do well in terms of the total number of deals, it also accounted for more than half of the total capital that was raised this week. The sector amassed a combined total of $850.6m,...

SAVIS, one of Vietnam's foremost providers of digital capabilities and a critical technology services supplier to the financial sector, has joined forces with Konsentus, a global leader in open banking advisory services and trust infrastructure.

Cambridge Building Society and finova have announced the extension of their partnership, signifying a strategic move to bolster banking technology.

Reach Security, a trailblazing startup, has successfully raised $20m in a Series A funding round. The investment is led by Ballistic Ventures and sees contributions from Artisanal Ventures and notable industry figures such as Mark McLaughlin, former CEO and President of Palo Alto Networks, and Denise Persson, CMO of Snowflake. Existing investors, including Webb Investment Network, Ridge Ventures, and TechOperators, have...

Moroccan FinTech startup tookeez, has successfully secured $1.5m in funding to bolster its technical capabilities and expansion efforts.

FinanZero, the premier online credit marketplace in Brazil, has recently announced a significant media-for-equity investment.

The MAS has been granted broader investigative and supervisory authorities over the finance sector, following the passage of a new Bill in Parliament. According to The Straits Times, this development marks a pivotal shift aimed at reinforcing Singapore's status as a preeminent international financial centre. Under the new legislation, MAS will possess the capability to conduct premises entry without prior warrant...

In celebration of International Women’s Day, FinTech Global is shining a spotlight on seven FinTech companies with woman founders.