The US took the leading line in this week’s FinTech deal activity. Of the 23 deals completed, 12 of these were US-based businesses.
Key FinTech investment stats in Singapore:
• Singaporean FinTech companies raised 232 deals in 2022, a new record for the country
• FinTech funding in the country reached $2.4bn last year, a 29% decline from 2021
• Blockchain & Crypto was the most active FinTech subsector with 82 deals in 2022, a 35% share of total FinTech deals Singapore saw their most active...
Payment gateway Peach Payments has partnered with Capitec to launch Capitec Pay, a new open banking payment method.
UK financial services organisations are collectively spending £32.4bn each year on financial crime compliance (FCC), according to a report from LexisNexis Risk Solutions.
Zodia Custody, a crypto asset servicing provider for institutional investors, has increased its coin coverage to offer more options for institutional investors.
The Reserve Bank of Australia (RBA) has announced a collaboration with the Digital Financial Cooperative Research Centre (DFCRC) on a research project to explore potential use cases of CBDC in Australia.
Medical Risk Managers (MRM), a full service Managing General Underwriter (MGU), has selected Gradient AI’s SAIL solution to stop loss insurance to small, self-funded groups.
The UK’s Financial Conduct Authority (FCA) has announced it will tackle competition problems with the trade market data.
The Fortegra Group, a global specialty insurer, has partnered with newly created entity Adlaur to provide underwriting capacity.
Sure, an InsurTech that aims to unlock the potential of digital insurance, has partnered with FinTech Esusu, to offer renters insurance.
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