2023 bore witness to the heightened stakes in banking compliance, with the industry facing a daunting $6.6bn in penalties for lapses.

SmartSearch, the UK’s leading provider of AML and digital compliance software, has entered into a strategic partnership with LSEG Risk Intelligence.

Bolttech, an international InsurTech, has announced its expansion into the Middle East with the launch of its partnership with stc Group.

Mastercard has announced an addition to its team with Jon Huntsman joining as Vice Chairman and President of Strategic Growth.

As AI continues its ascent as a transformative force in the business landscape, the InsurTech sector has found itself as the latest realm aiming to tap into its remarkable potential. FinTech Global recently spoke to a host of industry experts in a bid to unravel the profound impact AI is poised to have on the space. 

Jefferson Bank, an esteemed independent bank, has extended its partnership with Finastra, a global FinTech leader, offering a wide range of software solutions designed to meet the ever-evolving needs of the financial services industry. Together, these companies are set to revolutionise instant payments for Texans.

MAXE AI, the pioneering AI investing assistant app, has recently announced a significant milestone in its journey towards transforming the investing experience.

Oxygen, a FinTech platform renowned for its innovative banking solutions, has unveiled a pivotal shift in its operational focus.

CyberQ Group, a cybersecurity firm based in Birmingham, has recently announced a significant financial boost, having secured £1m in venture capital investment.

Key UK FinTech seed deals investment stats in 2023 · UK FinTech seed deal activity reached 287 deals in 2023, a 34% drop from 2022 · UK FinTech seed deal companies raised a combined $478m in 2023, a 34% reduction from the previous year · The average UK FinTech seed deal size in 2023 was $1.7m, no change from 2022 In 2023, the...