Tag: Digitalization

Key European PayTech investment stats in 2023: • European PayTech companies raised a combined $1.5bn in 2023, a 81% drop from 2022 • European PayTech deal...

Key European PayTech investment stats in 2023: • European PayTech companies raised a combined $1.5bn in 2023, a 81% drop from 2022 • European PayTech deal...

Fenergo's recent webinar, 'KYC, AML, & Onboarding in 2023 – Were Lessons Learned or Do Old Habits Die Hard?', brought together compliance experts to delve into findings from research on over 1100 executives from global banks. This study, encapsulated in the report 'KYC in 2023', reveals a significant 17% rise in the average cost of KYC (Know Your Customer) reviews, accompanied by an 11-day increase in their duration over the past year.

The landscape of Asset Management firms has long been fraught with challenges, particularly in the arena of investor onboarding and lifecycle management. This process, characterized by an intricate Know Your Customer (KYC) procedure and the handling of vast data volumes, has historically grappled with the limitations of outdated technological infrastructures.

Key Mexican FinTech investment stats in Q1-Q3 2023: • Mexican FinTech companies raised a combined $141m in the first three quarters of 2023, a sizable...

Whatfix, a digital adoption solution, has netted $32m in its Series C round which was led by Sequoia Capital India.