Don't miss our Monday Morning FinTech Recap! Top stories from the past week: 👉 What makes a successful digital transformation? 👉 Asian FinTech deal activity set to crash 42% 👉 Strong week in the FinTech sector with $1.7bn raised #FinTech #Deals #Digital
FinTech Global
Financial Services
Bank, London 80,559 followers
Informing, Promoting & Connecting FinTech Buyers, Sellers, Investors & Innovators Worldwide
About us
FinTech Global is the world’s leading provider of FinTech information services, B2B media products and industry events. We inform, promote and connect FinTech buyers, sellers, investors and innovators worldwide. We serve a network of over 300,000 FinTech professionals from market-leading organizations – financial institutions, technology innovators, corporate investors, venture firms and expert advisory firms. We enable them to get the information they need to make better business decisions and to connect and engage with the people and organisations they want to do business with. Our services and products include: FINTECH NEWSLETTERS & NEWS WEBSITES Breaking news, exclusive features and leadership insights. FINTECH RESEARCH Industry reports on markets, sectors and technologies; company profiles, buyer guides, solution provider listings and customised research and consulting. FINTECH DATA & INTELLIGENCE Superior data, independent insights and powerful analytical tools FINTECH MARKETING SOLUTIONS High impact buyer awareness, market promotion and lead generation via unparalleled global distribution channels. FINTECH EVENTS Industry-leading conferences, forums and webinars and exclusive invitation-only roundtables and briefings in RegTech, InsurTech, WealthTech, CyberTech, PayTech, AI & ML, Financial Crime,
- Website
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https://fintech.global
External link for FinTech Global
- Industry
- Financial Services
- Company size
- 11-50 employees
- Headquarters
- Bank, London
- Type
- Privately Held
- Founded
- 2016
- Specialties
- FinTech Intelligence, FinTech Analytics, FinTech Data, FinTech Research, InsurTech, FinTech, RegTech, FinTech Conference, WealthTech, CyberTech, financial services, insurance, banking, financial technology, financial fraud, and banking technology
Locations
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Primary
Bank, London EC2R 8EJ, GB
Employees at FinTech Global
Updates
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❓What were the biggest news stories from across the RegTech sector this week? ⬇️ RegTech Analyst has rounded up five of the top developments from the space below. #RegTech #AI #Trends Eilish Harrington Neil O'Sullivan Veronica Leger Nick Richard Mariya Pattara Anders Carlson Stephen Pope Beatriz Martinez Joseph Ibitola Baran Ozkan, CAMS 🆑 Christophe Langlois Kate Lothian FullCircl ACA Group Kristen Mooney Position Green
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Daily research from FinTech Global European RegTech deal activity drops 60% YoY in H1 2024 In the first half of 2024, the European RegTech market saw a marked decline in both deal activity and capital invested. Only 51 funding rounds were completed in H1 2024, representing a 60% drop from the 126 deals in H1 2023 and a 46% decrease from the 94 deals recorded in H2 2023. Funding also witnessed a substantial decrease, with RegTech companies in Europe raising just $304m in H1 2024, a 61% decline from the $771m raised in H1 2023. If the current trend continues, the projected deal activity for 2024 would be approximately 102 transactions, which is a 54% drop from the total of 220 deals in 2023. Globally, the funding market has been on the down trend. However, the average fund deal value had increased globally, but for H1 2024 the European RegTech market has gone against the grain where the average deal value decreased to $6m from $6.1m in H1 2023. Global Screening Services (GSS), a London-based provider of sanctions transaction screening services, has completed its Series A2 funding round, raising over $47m, making it the largest funding round in the European RegTech market for H1 2024. Notable contributors include AlixPartners, The Cynosure Group, and the latest addition, Commonwealth Bank of Australia (CBA). This investment coincided with the company’s transition from the development phase to the operational phase as the cloud-native platform prepares to go live with its inaugural clients. GSS sells a sanctions-screening platform to help banks and other financial institutions comply with regulations. These institutions feed transaction data into GSS’s cloud-based platform, which returns an alert if it finds a match against a standardized set of sanctions lists from around the world—GSS also “enriches” these lists with additional data points, such as dates of birth, International Maritime Organization (IMO) numbers for ships, and data from the local financial transfer systems of sanctioned countries such as Russia and China. With another $47m in the bank, GSS is now transitioning from “development phase” to fully operational, as it prepares to go live with its first customers. In the first half of 2024, the UK and France jointly led the European RegTech market, each with eight deals, constituting 16% of the total. This marked a significant decline for the UK from 34 deals (27% share) in H1 2023 and a notable decrease for France from the 18 deals (15% share) in the same period the previous year. Germany joined the top 3 with five deals, representing 10% of the market, a decrease compared to Switzerland's 12 deals (10% share) which rounded off the top 3 in H1 2023.
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FinTech Global recently spoke to a number of key industry players in the RegTech space to find out what trends they believe have stood out so far in 2024. Some of the hot-button topics that arose within the conversations included such trends as AI – especially Gen AI – as well as the ongoing digital transformations that many companies in the space are currently undergoing and other key areas such as transaction monitoring and software developments. Offering their insights were Jason Shane of SymphonyAI, Stacey Japhta of Sybrin, Madhu G Nadig of Flagright, Remonda Z. Kirketerp-Møller of Muinmos, Annalisa Camarillo of Quantifind, Roger Walton of Resistant AI, Araliya Sammé of Napier AI, Michael Lubansky of Red Oak Compliance Solutions, Vall H. of Saifr, Holly Sais Phillippi of Alessa and Ogie Sheehy of ViClarity. Read more here: https://lnkd.in/ed4huZca Eilish Harrington Neil O'Sullivan Veronica Leger Nick Richard Mariya Pattara Anders Carlson Stephen Pope Beatriz Martinez Joseph Ibitola Baran Ozkan, CAMS 🆑 Christophe Langlois Kate Lothian
How has RegTech fared so far in 2024?
https://fintech.global
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FinTech Global news you can't afford to miss from yesterday 👉 Market data aggregation and financial product management: The pre-requisites of successful digital transformation journeys 👉 Navigating the global landscape of customer due diligence regulations 👉 How the 50 percent rule impacts international business compliance 👉 How Theta Lake’s integration with Verizon transforms SMS compliance 👉 Unlock the advantages of ETFs: Trading flexibility, lower costs, and tax benefits Fredrik Davéus Kidbrooke Natalie Burke Stacey Hurwitz Stacey English Ine Hansen FullCircl James Roberts ACA Group Kristen Mooney
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“I’d recommend to everyone to join this event” 👀 Check out some highlights from the Global InsurTech Summit. A massive thank you to everyone that spoke, sponsored or attended for making it the success that it was. After another sold-out Summit in London, we’re excited to bring the most senior-level gathering of InsurTech leaders back to New York on 19 September, we hope to see you there! Find out more information and secure your ticket here - https://lnkd.in/ezAs3DQF #GINSUS24
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📢 Our latest speaker taking the stage at the Global RegTech Summit USA – Hillary Rosenberg, Chief Compliance Officer and Head of Regulatory Relations at Valley National Bank 📢 Hillary will be speaking on the panel titled - Navigating Regulatory Change Management in 2024: Challenges, Agility, and Innovation Register to take part in the leading #RegTech event: https://lnkd.in/gBeAPjZg #GRTSUS24 #Compliance
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What regions are the most exciting for WealthTech in 2024? The WealthTech market continues to grow at a steady rate and is becoming increasingly interwoven with the wealth and asset management sector. In fact, the WealthTech sector was valued at $9.7bn in 2024 and is expected to grow at a 25.2% CAGR to be worth $37.7bn by 2032, according to a report from Kingpin Market Research. The US and Europe have helped lead the way for WealthTech, but the sector is gaining serious momentum in other regions around the world. In some regions, WealthTech could help accelerate financial inclusion and even adopt new technology quicker due to having less legacy infrastructure. Read the article to get insights from: Velexa CEO Tamara Kostova, DLT Apps Securities Lending SME Alan Phipps, Kidbrooke CEO & co-founder Fredrik Davéus. Read the story here: https://lnkd.in/g_yDsHT5 #FinTech #WealthTech #Finance
What regions are the most exciting for WealthTech in 2024?
https://fintech.global
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J.P. Morgan has promoted Chuka Umunna to Managing Director, Global Head of Sustainable Solutions, and EMEA Head of Green Economy Investment Banking. Read more here: https://lnkd.in/e4wS9c7J #FinTech #ESG
Chuka Umunna takes charge of JPMorgan's green economy and sustainable solutions
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Last week’s IT disruption, triggered by a standard update from CrowdStrike, affected millions of Microsoft devices globally, severely impacting sectors like healthcare, media, and aviation. According to KYND, the outage is estimated to have a financial impact between $5m and $9bn globally. This event underscores the critical need for organisations to understand and actively monitor the risks associated with third-party vendor accumulations that could affect their portfolios. Read more here: https://lnkd.in/eC-fTz9G Melanie Hayes
The critical role of data in managing vendor risks in FinTech
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