Tag: Neobanks

Are neobanks a rising competitor to wealth management? 

The global neobanking market was valued at $143.2bn in 2024 and is expected to reach $3.4trn by 2032, according to Fortune Business Insights. While this will bring more competition for the digital banking sector, wealth management could also be impacted.

NextGen RegTech: The solution to DeFi compliance gaps

Traditional retail banks are under pressure as FinTechs and neobanks continue to draw customers away with faster, more intuitive digital services. Built on flexible,...

Brazil cemented its LATAM FinTech market leadership securing 40% of top...

Key LATAM FinTech investment stats for Q1 2025: LATAM FinTech funding dropped by 52% YoY in Q1 Brazil reinforced its leadership in the LATAM...

Dinari raises $12.7m to bring US stock market access onchain for...

Dinari, a FinTech firm focused on enabling global access to U.S. equities through blockchain-based technology, has announced a $12.7m Series A funding round.

GxS secured the biggest Singaporean FinTech deal in 2024 as funding...

Key Singaporean FinTech investment stats in 2024: Singaporean FinTech funding dropped by 57% YoY in 2024 Average deal value decreased by 17% to $18m...

FinScan enhances payment screening for faster, safer transactions

FinScan, an anti-money laundering (AML) compliance solution from Innovative Systems, has enhanced its payment screening solution, FinScan Payments, to accelerate transaction workflows while strengthening...

UK, France and Germany continue to dominate European FinTech deals in...

Key European FinTech investment stats for 2024: European FinTech deal activity dropped by 63% YoY in 2024 UK, France, and Germany continued to dominate...

Swiss FinTech deal activity halved as zero deals over $100m were...

Key Swiss FinTech investment stats in 2024: Swiss FinTech deal activity halved in 2024 Zero deals over $100m were recorded as investors prioritised smaller,...

Neobanks triumph over traditional banks in UK app downloads during holiday...

As Christmas approaches, the festive spirit is not just limited to celebrations but also marks a significant shift in the financial sector.

Regulatory pressure intensifies for digital banks amid rising scrutiny

Amid the rapid evolution of banking, digital-first banks like Starling and Metro Bank are facing increased regulatory scrutiny, particularly around AML controls. According to Corlytics,...

120,000+ FinTech leaders get exclusive industry stories delivered every week