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U.K.-based fraud and financial crime prevention company Featurespace secured funding to help build an AI-powered prototype to fight money laundering and other financial crimes. The funding comes from both the U.S. and U.K. governments, and is part of an initiative supported by Innovate UK, the U.S. National Science Foundation, and messaging network SWIFT. Featurespace made Read more…
To ensure innovation success, it’s vital that financial services organizations can easily leverage and provision new fintech services and applications by seamlessly integrating with their existing production applications and data sources. But the true value and potential of fintech solutions can’t be unleashed until integration is quick and easy.
June is National Pride Month, a time to honor and celebrate the Lesbian, Gay, Bisexual, Transgender, and Queer (LGBTQ) community. Many of the contributions to fintech and financial services from members of the LGBTQ community go unnoticed. But what can no longer be overlooked is the growing number of resources in the financial services industry Read more…
TransferMate is fintech’s latest unicorn, having secured $70 million in funding this week and earning a valuation of more than $1 billion. TransferMate’s platform enables businesses and individuals to make cross-border payments in more than 201 countries and more than 140 currencies. Headquartered in Ireland, TransferMate was founded in 2010. With a new investment of Read more…
This is a sponsored blog post by Nick Kerigan, Head of Innovation, Swift. Working with Clearstream, Northern Trust, SETL and others, SWIFT plans experiments in 2022 to explore how it can support interoperability in the development of the tokenized asset market. Relative to cryptocurrencies and stablecoins, the current market capitalization of tokenized assets is small, Read more…
As more and more fintechs add their support to the people of Ukraine and create new pathways for individuals and organizations to contribute financially, the Ukrainian government has had to adapt in order to make some of these contributions not just possible, but legal. This week, Ukrainian president Volodymyr Zelenskyy, signed month-old legislation to provide Read more…
Billpay platform doxo has raised $18.5 million in Series C funding. The round was led by Jackson Square Ventures and featured participation from existing investors. Headquartered in Seattle, Washington, doxo will use the capital to grow its platform and expand its team. In a round led by Jackson Square Ventures, billpay platform doxo has secured Read more…
The metaverse, decentralized finance (DeFi), and crypto are rising up to become some of the hottest themes in fintech this year, taking the place of AI, digitization, and customer experience. So how should firms in the traditional finance (TradFi) realm prepare for the road ahead? We spoke with Nimbus Platform CEO Alex Lemberg to get Read more…
Russia’s invasion of Ukraine has sent shockwaves around the world – and the fintech industry has not been immune to the reverberations. As Axios noted last week, fintechs such as money transfer giant Wise and financial services company Brex have limited or halted fund transfers altogether to Russia and Ukraine. The reasons given for the Read more…
As we survey the damage from the pandemic and its multiple variants, technology services and consulting firm Accenture has some advice, “It is critical that every bank becomes a challenger.” In a recent report, the firm uncovered that banking has moved from vulnerable to volatile on its Disruptability Index. Underlining this point, Accenture found that Read more…
Will 2022 be the year that CBDCs – central bank digital currencies – finally emerge from concept to solution? One of the countries that has been most aggressive in developing these digital assets – China – announced this week that it has launched its digital yuan wallet in both the Android and iOS app stores. Read more…
Even though our annual European conference has moved from February to March, FinovateEurope will always be synonymous with wintertime for many of us. So with the coldest season swiftly approaching, now seems as good a time as any to check in on the latest from some of our most recent FinovateEurope alums. Paris, France-based Thread Read more…