EverQuote, a leading player in the online insurance marketplace and listed on Nasdaq, is making strategic changes to its business operations. The company, known for connecting insurance shoppers directly with providers across various insurance types, has announced its decision to exit the health insurance vertical.

Visa, a global leader in digital payments, has signed a definitive agreement to acquire Pismo, an operational cloud-native issuer processing and core banking platform in Latin America, Asia Pacific, and Europe.

In a strategic move, the Defense Innovation Unit (DIU), an organisation established to foster the incorporation of commercial technology within the Department of Defense (DoD), launched an initiative in March 2020. Its aim: to weave DoD’s Ethical Principles for Artificial Intelligence (AI) into its commercial prototyping and acquisition programmes. Quantifind, a provider of AI-driven risk intelligence automation for leading organisations,...

Key Latin American FinTech investment stats in Q2 2023: • Latin American FinTech companies raised a combined $254m in Q2 2023, a 68% drop YoY • Latin American FinTech deal activity reached 76 deals in Q2 2023, a 53% drop from Q2 2022 • Brazil was the most active Latin American Fintech country with a 32% share of deals Latin American FinTech saw...

European FinTech saw strong investor participation in H1 2023 with 1370 unique investors participating in European FinTech funding rounds. A recent report from EY in May 2023 suggests for the immediate future, VCs likely will become even more selective about how they deploy capital, and EY anticipate that VC investment will continue to drop off from the levels of...

Europe led the charge in this week's 26 FinTech funding rounds, in a rare occasion where the US didn't hold the lion share of deals. 

IDEX Biometrics, a global leader in fingerprint biometrics, has entered into a collaboration with Beautiful Card Corporation (BCC), one of the world's leading smart card manufacturers, to increase the distribution of biometric smart cards in Asia.

The Chinese authorities levied a hefty fine of $984m on Ant Group for breaching consumer protection and corporate governance laws, according to a report from Reuters.

FIS, a global leader in financial services technology, has made a strategic move to sell a majority stake in its Worldpay Merchant Solutions business to private equity funds managed by GTCR.

East Brunswick-based company, 1Kosmos, an innovator in unifying identity proofing and passwordless authentication, today announces the launch of its distributed identity cloud service, BlockID, on NayaOne, a principal FinTech ecosystem platform serving financial service providers.