FinTech Global’s Post

UK Fintech News Roundup: Latest Developments in Storfund, @UK Venture Capital, Tink, IPPR, and Ripple In this week's UK fintech updates, Storfund collaborates with ManoMano, providing financing solutions to the DIY marketplace. HSBC reports $15 billion raised in UK venture capital, indicating a 14% growth in Q3 2023. Tink's research highlights the challenges faced by UK consumers due to limited traditional credit checks. Meanwhile, IPPR stresses the need for balanced AI regulation to ensure inclusivity for small businesses. Ripple's partnership with Uphold boosts its cross-border payments infrastructure. Exciting developments shaping the UK fintech landscape. #UKFintech #Storfund #VentureCapital #Tink #IPPR #Ripple #FintechNews #FintopConsulting #FinanceUpdates #TechPartnerships #AIRegulation https://lnkd.in/dnPYe7Xe By Thomas Bleach, The Fintech Times.

Sibos 2023: Mapping the #Canadian #fintech story A recent report by Boston Consulting Group (BCG) and QED Investors claims there will be a 6x increase in fintech revenues from $245 billion to $1.5 trillion by 2030, with the US alone accounting for 32% of global fintech revenue #growth. Written by Shruti Khairnar https://lnkd.in/eu37wv64 #banking #startup

The Tracxn Geo Annual Report: UK FinTech 2023, based on our extensive database, provides a round-up of funding and other major developments in the UK FinTech space in 2023. Read more: https://lnkd.in/dU2Sbxhc #report #fintech #finance #FinancialIT

Swiss fintech funding declined by 45% year-on-year in the first half of 2021, reaching CHF 130.7 million across 23 deals. The article attributes the drop to the absence of large funding rounds and the impact of the COVID-19 pandemic on investor sentiment. #fintech #finance #money #digitalbanking

Is the UK fintech sector going through a rough patch? The figures are certainly a bit disappointing, with the sector experiencing a 37% drop in investment from the last half of 2022. Perhaps not too surprising, given the current climate. What are your thoughts? Should we be worried or is this a natural bump in the road? https://bit.ly/3pFRVXn #Fintech #Tech #Investment #Recovery

If you’ve met our Principal, Shawn Budde, you’ve probably heard his saying: “Lending money is easy. Getting it back is hard.” European lending fintechs and their investors are learning that second part now. WinYield’s eye-opening report makes a stark prediction: Most European fintech firms won’t reach profitability! Why so grim? The answer lies in the alarming lack of seasoned credit professionals in the sector. According to WinYield less than 10% of lending fintech companies have staff with relevant credit experience. Also, WinYield’s analysis of dozens of credit models calls out the over-reliance on opaque, unsophisticated ‘black box’ underwriting models. Deep credit knowledge and expert-built models should be non-negotiable for lenders, but have been sidelined far too often in the fintech boom. Like WinYield, we hope that the funding slow-down in fintech will serve as a wake-up call but not a death knell. Many fintechs have great ideas and great talent. That’s why Ensemblex exists: to round out those teams with the veteran credit experts necessary to lend profitably. #Fintech #CreditExpertise #CreditRiskManagement #Ensemblex #Lending and #LendingFintech https://lnkd.in/dX7m62SU

Salt Lake City to become a future #Fintech hub? 👀 And there’s me thinking #Dubai was taking that 👑 “The Stena Center for Financial Technology offers fintech courses and will eventually serve as an incubator for university students and alumni alike seeking to establish fintechs of their own.” Sounds similar to the work Du are doing at the #DIFC #innovationhub I learned about recently. 🏦💳 Here’s the full article to learn more. https://lnkd.in/dYx32yUD

The total funding in Q3 2023 was USD 436 million, a 68% increase from Q2 2023. This growth was driven by late-stage funding rounds, which increased by 141%. The top performing segments were Alternative Lending, Banking Tech, and RegTech. https://lnkd.in/dQgsN6CT #fintech #fintechfunding #unicorns #bankingtech #regtech

Scotland's fintech sector continues to flourish and showcase its incredible potential for growth and innovation 📈 As a Scotland-based company, we are proud to fuel this growth, supporting the country's transformation into a global #fintech centre 🏴󠁧󠁢󠁳󠁣󠁴󠁿 Earlier this year, our CEO, Thomas Gillan, sat down with The Fintech Times to explain the areas Scotland can lean into to further encourage growth: 🗣 "There is huge untapped potential which, in the right conditions, will turn Scotland into a global hub for fintech." In case you missed it, here's a link to the full article >> https://lnkd.in/dGdj2KAg #Scotland #PaymentOrchestration #Payments