FinTech Global

Howden Re, the reinsurance and risk advisory arm of Howden, and Moody's, a global credit rating, research, and risk analysis firm, have launched a new three-month reciprocal early careers talent exchange programme. Read more here: https://lnkd.in/dCjXW8Qr #Insurance #Partnership #Reinsurance Massimo Reina Michael Steel

How the interlinking of voice and cloud is revolutionising communications compliance As technology continues to evolve over the long-term, one particular trend we can expect to remain is that of the role of voice – especially within the field of communications compliance. As we look towards the future, how can this technology bring change to the financial industry? The role of technology is ever-increasing within the daily practices of companies, particularly in the financial space. Many firms are also moving to the cloud. What could this mean for the role of voice and voice calling? In the view of Susannah Hammond, senior regulatory intelligence expert at Theta Lake, there is a huge drive to move to the cloud, with a wide plethora of unified communication and collaboration tools coming to the fore. They are, in her opinion, the next technological revolution that is making the business lives of people more effective and efficient. Read the story here: https://lnkd.in/g-XVPkFQ #FinTech #RegTech #Compliance

Are you joining the world's top gathering of #WealthTech leaders? Here are just some of the decision-makers you can meet at the Global WealthTech Summit in London. Make high-impact business connections with senior-level execs working in private banking, wealth and asset management and financial advisory. Meet the people who are actively prioritising the development of technology for client retention, hybrid advice, digital assets, ESG and much more! Book your place today - https://lnkd.in/gaxqdvx #GWTS24

Najm Company for Insurance Services, a Saudi-based provider of comprehensive insurance solutions, has announced a new telematics initiative aimed at improving road safety across Saudi Arabia. Read more here: https://lnkd.in/dCgGBUWy #Insurance #RoadSafety #Partnerships William V. Powers Cambridge Mobile Telematics

Eastern Alliance Insurance Group, a wholly-owned subsidiary of ProAssurance, has partnered with CLARA Analytics to optimise insurance claims through the use of AI. Read more here: https://lnkd.in/d6H388UT #Insurance #InsurTech #AI Heather H. Wilson Kevin Shook

Do you want to network in-person with leading execs from the biggest financial institutions? The AI in Financial Services Forum in London will be packed with networking opportunities for you to meet and build partnerships with the most-forward thinking brands. Here are just some of the names registered to attend in-person! Secure your place - www.AIFinTechForum.com #AIFinTechForum24

Daily research from FinTech Global UK FinTech funding declines nearly 60% in H1 2024 as investors concentrate capital on fewer deals. In the first half of 2024, the global FinTech sector experienced a significant decline in both deal activity and capital invested. Only 188 deals were recorded in H1 2024, marking a dramatic 59% decrease compared to the 457 deals in H1 last year. Funding also saw a steep decline, with FinTech companies raising just $3.9bn in H1 2024, a 43% decrease from the $6.9bn raised in H1 2023. If deal activity continues at the rate recorded in the first six months of the year, the projected total for 2024 would be 376 deals, less than half of last year’s total of 798. The average deal value in H1 2024 was approximately $20.7m, reflecting an increase compared to the $15.1m in H1 2023. This increase in average deal value indicates that while the overall number of deals has significantly decreased, the investments being made are larger, suggesting a more selective approach by investors focusing on companies with greater growth potential or more established businesses within the FinTech sector. Abound, a London-based credit technology company, raised $1bn in a Series B funding making it the biggest deal in UK for H1 2024. The funding, a mixture of debt and equity, will be used to expand into prime lending in the UK and to roll out Render, its proprietary AI credit technology platform, globally. Abound, now one of the UK’s fastest-growing FinTechs, has issued around $380m in loans to date and aims to double its team size from 65 to 130 people this year. The company reached profitability just three years after its launch. The new funding includes a multi-year asset-backed debt financing arrangement backed by loan originations from existing financier Citi, while the Series B equity round component was led by Silicon Valley-based GSR Ventures. WealthTech, Blockchain & Digital Assets and Data & Analytics were the most active subsectors in the UK FinTech industry in H1 2024, with 58, 31, and 24 deals, respectively. WealthTech led the sector with a significant portion of the activity, indicating robust interest and investment in financial technology solutions focused on wealth management. #FinTech #Deals #Funding

FinTech Global news you can't afford to miss from yesterday 👉 Key pitfalls firms should avoid when implementing CSRD - Greenomy 👉 Loss control: Underwriting’s secret weapon - Risk Control Technologies Inc. 👉 Canoe Intelligence secures $36m in Series C funding led by Goldman Sachs for AI expansion 👉 Vodafone Business launches ESG Navigator to streamline sustainability reporting 👉 Conferma and Pliant forge new alliance to revolutionise virtual travel payments #FinTech #RegTech #InsurTech Olivia Babuty David Pittman Jade Mandel Jason Eiswerth Envoria Sven Schubert Manja Gerhardt Sonya Geelon Malte Rau

Canoe Intelligence secures $36m in Series C funding led by Goldman Sachs for AI expansion Canoe Intelligence, a prominent player in the financial technology sector, has successfully completed a $36m Series C funding round. Read the story here: https://lnkd.in/grXCNt5T #FinTech #WealthTech #Funding

Dezerv raises INR 265 Crores to enhance tech-driven wealth management services Dezerv, an innovative WealthTech firm from India, today announced a significant funding achievement, securing INR 265 Crores ($31.7m). Read the full story here: https://lnkd.in/gc4fj4nj #FinTech #India #WealthTech