Fintech Nexus spoke with Pat Utz, CEO and Founder of policy intelligence firm Abstract about how businesses are navigating the...
The company has raised $26.5 million to expand its digital transactions management business and bolster the staff to increase product development; the round was led by LLR Partners, a Philadelphia-based private equity firm; CEO Stephen Bisbee said, "We are seeing more opportunity in front of us than we're able to execute with our current staff." Source
The FIS Fintech Accelerator 2024 will see 10 startups meet with business leaders, scale their products, and develop a market-centric value proposition.
According to a new report by CB Insights global fintech funding reached $5.4bn across 323 deals in Q1 2018; deal activity was highest in the U.S. and Asia, Europe on the other hand fell to a five quarter low; early stage companies in Europe were not receiving investments, though later stage companies were still having success; regtech, wealth management and digital banking led the way, while online lenders lagged behind. Source.
The KPMG Pulse of Fintech Q3 report pointed to 274 deals worth over $8bn in investment; the hottest areas of investment include artificial intelligence, insurtech, regtech and blockchain; the three biggest countries come as no surprise with the US, China and the UK dominating their respective regions. Source.
As more banks start utilizing new technologies like artificial intelligence and blockchain current employees are beginning to worry about their future; Lyn Hall-Fore, U.S. director of BSA/AML compliance tells American Banker, “We told them, this is to make your job easier and better and give you more capacity to think, but still meet your production quotas”; finding the right balance will be a struggle as banks continue to innovate. Source
By creating trends and building future-ready solutions, fintech companies try to satisfy global regulatory requirements and meet customer demands.
Most compliance software adds visibility. Sphinx wants to do the work. The San Francisco–based fintech startup just raised a $7.1...
While the full English report is still in the works KPMG releases their annual Fintech 50 for China; China has become one of the most important fintech markets in the world as some of the largest companies are from the market; they are also one of the most diversified markets as they have leading companies in insurtech, payments, regtech and online lending. Source.
Miles Reidy is a partner at QED and spearheads the VC firm’s regtech initiatives; Reidy talks about his background, why regtech has its origins in the changes brought on by the financial crisis, the differences that regtech is making in financial services today and more. Source