In the not-so-distant past, navigating through the bustle of public transport meant holding onto a paper ticket. However, the concept has swiftly become a relic of a bygone era. The transition from traditional paper tickets to e-tickets has resulted in more convenience and efficiency. Apart from reducing the environmental impact, this shift has streamlined the ticketing process, offering passengers instant access through their smartphones or other digital devices, as Scanbot SDK explains.

European FinTechs raised a combined $104.8bn between January 2019 and December 2023. The UK accounted for nearly half of the funding with $48.4bn raised over the period, a 46% share of total funding. 2021 saw the most combined funding in 2019-2023 at $35.7bn, a 34% share of funding. European FinTech companies raised a combined $12.9bn in 2023, a 54%...

Key Swiss FinTech investment stats in 2023: • Swiss FinTech companies raised a combined $451m in 2023, a 62% drop YoY • Swiss FinTech deal activity totalled at 114 transactions in 2023, a 20% reduction from 2022 • Blockchain was the most active FinTech subsector with a 33% share of all deals. In 2023, Swiss FinTech companies faced a notable challenge as they...

Nearly $1bn is raised across 20 FinTech funding rounds closed this week, propped up by three sizeable deals.  It proved to be a bigger week for funding rounds compared to last week, which saw just $317m invested across 12 deals. Of that funding, a third came from just one deal that closed on $100m. This week saw three deals lead the...

Saudi Arabia's FinTech investment more than doubles in 2023 despite global drop Key Saudi FinTech investment stats in 2023: • Saudi FinTech companies raised a combined $854m in 2023, a 270% increase from 2022 • Saudi FinTech deal activity totalled at 26 deals in 2023, a 47% reduction from 2022 • Two large FinTech deals accounted for 69% of Saudi FinTech investment in...

The voluntary carbon market (VCM) is poised for a banner year, with projections indicating that it could reach a value of $3bn in 2024.

KONA I, a leader in smart card and technology platforms, has teamed up with IDEX Biometrics to bring a biometric smart card to Japan.  The partnership is a direct response to the escalating issue of credit card fraud in Japan, which has seen a 30% increase year over year, reaching a staggering USD 294m. This alarming trend has prompted banks...

From iconic liveries to memorable, yet farcical characters, Formula One has a rich, colourful, and yet troubled past with sponsors. With global brands such as Marlboro, Vodafone, and Petronas weaving their way into the annuls of the sport’s history, it is no surprise that many FinTechs have tried to do so too. Renowned names, in the form of Visa and Cash App, being the latest, as they penned a controversial deal to rebrand Alpha Tauri under a new guise and moniker: Visa Cash App RB Formula One Team. Ahead of the 2024 season, FinTech Global investigates whether there is any correlation between performance on track – and success in the business world. 

Cross River Bank, known for its innovative technology infrastructure that powers embedded financial solutions, has teamed up with Aeropay, a frontrunner in digital payment solutions. The core reason behind this partnership is to provide gamers with instant access to their winnings. Cross River stands out as a technology infrastructure provider, focusing on embedded financial solutions that offer significant value across various...

Fineksus, a trailblazer in the FinTech sector, has launched the Inspector API,  offering an advanced, cost-effective solution for Anti-Money Laundering (AML) Name Screening.