Category : News

Deutsche Börse and Google Cloud Announce Strategic Partnership

Deutsche Börse and Google Cloud have announced a new strategic partnership to enhance, economize and concentrate Deutsche Börse’s cloud adoption. Specifically, Deutsche Börse will leverage Google Cloud’s secure infrastructure and leading data and ana...

Crypto Money Laundering Reaches New Heights; Totaled US$23.8B in 2022

In 2022, cryptocurrency money laundering reached a new record, with illicit addresses sending US$23.8 billion worth of crypto, a figure which represents a 68% year-on-year (YoY) increase, new data from Chainalysis, an American blockchain analysis fir...

IBM’s 2023 Banking and Financial Market Report is Bullish on Cloud and AI

Stress to the world economy in 2022, arising from factors including geopolitical conflicts, supply chain disruptions and rising inflation, will impact the financial services landscape in 2023, forcing industry players to embrace digital business mode...

Swiss Startup Competition >>venture>> Is Now Accepting Submissions

Switzerland’s startup competition >>venture>> is inviting early-stage fintech and insurtech startups to showcase their innovative solutions and compete for recognition, mentoring, and cash prizes. The competition has a long history of hel...

EU “Tokenise Europe 2025” Initiative Aims to Boosts Asset Tokenization

A new initiative called Tokenise Europe 2025 is being spearheaded by the European Commission (EC) and the German Banking Association to tap into the potential of asset tokenization and distributed ledger technology (DLT) to strengthen the bloc’s comp...

Fintech Takes Second Place in Swiss Startup Funding; Secures CHF 910M in 2022

In 2022, Swiss fintech companies secured a total of CHF 910 million, a figure that puts the sector at the second position in terms of startup funding raised last year, data from a new report by news portal startupticker.ch and investor association SE...

Jumio Makes New Sales Leadership Appointments to Drive Growth

Jumio, a US-based provider of automated, end-to-end identity proofing, risk assessment and eKYC solutions, has appointed Jon Jones as the company’s new Senior Vice President of Worldwide Sales. With more than 25 years of experience in the fraud and i...

Global Climate Fintech Funding More Than Doubled to US$2.9B in 2022

In 2022, funding to climate fintech companies reached a new high, totaling US$2.9 billion in venture capital (VC) raised by companies in the sector, new data from CommerzVentures, the corporate venture capital (CVC) arm of Commerzbank in Germany, sho...

Klarpay Expands Global Payment Offering With 13 New Currency Accounts

Business payments platform Klarpay announced the expansion of its international payment offering with the launch of 13 new currency IBAN accounts. The currencies include United Arab Emirates Dirham (AED), Australian Dollar (AUD), Canadian Dollar (CAD...

Klarpay’s CTO, on How Payment APIs Have Transformed Transactional Banking

Rapid digital transformation across the retail, banking and fintech industries brought about a tremendous shift in how online businesses conduct their transactions. Changing consumer demands, together with the pressure to reduce costs and increase ef...

GPT-3 Use Cases in Banking, Finance and Fintech

Since its release in November 2022, artificial intelligence (AI)-powered chatbot ChatGPT has garnered much excitement in the technology industry, praised by industry observers and experts for its ability to accurately answer questions, mimic human la...

Zurich Insurance Selects AWS to Deliver New Customer Experiences

Amazon Web Services (AWS) today announced that Zurich Insurance Group (Zurich) is moving its enterprise information technology (IT) infrastructure to AWS. Zurich will use AWS’s global infrastructure, analytics, and machine learning technologies to de...

DailyPay Announces $260 Million in New Funding

DailyPay announced it has secured $260 million of capital to fuel growth domestically, expand internationally and further invest in product innovation. The funding is divided between revolving credit facility capacity provided by Barclays and Angelo...

Fintech Funding Drops 46%; Banking Startups Among Worst Hit

In 2022, fintech companies secured a total of US$75.2 billion in funding, a sum that represents a 46% decline from 2021. Deal counts also decreased, falling 8% year-on-year (YoY) from 5,474 deals in 2021 to 5,048 deals last year, data from CB Insight...

Zurich Insurance Leads Series B Fundraise for Global Cyber Insurtech Boxx

BOXX Insurance, a Toronto headquartered insurtech that combines cyber insurance and security announced a US$14.4 million Series B funding round, bringing the total amount raised from investors to US$24.5 million in the last 16 months. The latest inve...