The U.S. Justice Department is probing Visa Inc's relationships with large fintech companies as part of its antitrust investigation of the card giant, the Wall Street Journal reported on Wednesday.
Insurance and insurtech companies are seeking synergies in the industry as technology is evolving; at the Intelligent InsurTech Europe conference this week in London, industry participants discussed the many ways companies are partnering and developing new services; the industry conference revealed many large companies are investing in insurtech through incubators and direct investment; in-house innovation labs are also a prevalent trend occurring with large insurance companies; most large insurance companies are finding it important to partner and invest with insurtech companies in order to stay current with the industry’s evolving landscape. Source
Ripple and FTX, told CNBC that they're on the lookout for acquisitions as the cryptocurrency industry hopes to drive growth through buying other firms.
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- Developing The Application of Anti-fraud Technology to Enhance Financial Risk Management
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According to The Information fintech startup Robinhood has big plans for fundraising rounds in the near future; the publication says...
Real estate alternative investment platform AlphaFlow raised $4.1mn led by Resolute Ventures and Point72 Ventures; they plan to use the funds to scale partnerships with lenders and investors, accredited individual investors and investment managers; they also plan to hire more individuals for the data science and engineering division and potentially look at more asset classes int the future. Source.
Embedded finance has been on the rise. Now it could prove to be crucial in facing the challenging economic conditions ahead.
U.S. based cryptocurrency exchange Kraken has agreed to acquire London based Crypto Facilities as they make a push into futures...
Welcome Technologies has launched a new digital bank account in partnership with Green Dot; called PODERcard it is targeted at...
Organized crime groups are exploiting gaps in detection technology to orchestrate financial fraud on a massive level simultaneously across multiple businesses and geographies. The result? Actual fraud rates are multiple times higher than reported