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.

Key French InsurTech investment stats in 2023: • French InsurTech companies raised a combined $94m in 2023, a 60% drop from 2022 • French InsurTech deal activity totalled at 18 deals in 2023, a 31% drop YoY • French InsurTech companies have raised a combined $1.2bn from 2019-2023 In 2023, French InsurTech companies experienced a significant decline in funding, with a collective total...