Sector Updates

Sector Updates

Hogan Lovells launches Regulatory Accelerator for FinTech startups

Legal firm Hogan Lovells is launching a Regulatory Accelerator to help UK FinTech startups to understand and navigate the Financial Conduct Authority's (FCA) regulatory regime.

Elliptic teams up with LexisNexis to fight bitcoin money laundering

London-based blockchain intelligence startup Elliptic is partnering with risk management firm LexisNexis to bring anti-money laundering (AML) regulations to cryptocurrencies.

Axial grabs U$14m to match private companies with investors and buyers

Axial, a New York-based online capital marketplace, has raised $14m in its Series C round. The company's platform is designed to match private companies...

AI will drive FinTech revenues up 960% by 2021

Increasing use of artificial intelligence (AI) will lead to a surge in FinTech revenues over the next five years, according to a new report from Junipur.

Lendio see 86% growth in loans, passes $250m milestone

Online loans marketplace Lendio reported strong growth for Q2 2016, with the value of loans facilitated through the platform increasing by 86% year on year.

Barclays rolls out voice-recognition security

Barclays is rolling out voice-recognition security to all its personal banking customers, eliminating the need for passwords and improving protection against fraud.

Azimo integrates with Facebook Messenger

International money transfer startup Azimo in integrating its service into Facebook Messenger to allow senders and receivers to connect through the social network of 1.65bn users.

IBM Reportedly planning acquisition of point-of-sale business Revel

IBM is reportedly planning a re-entry into the point-of-sale (POS) space. According to Bloomberg the firm is in discussions to acquire iPad-based POS company Revel Systems.

Thompson Reuters joins R3 Blockchain Consortium

Thompson Reuters is the latest company to join a consortium of institutions, headed up by New York fintech firm R3, dedicated to developing use cases for the blockchain technology in financial markets.

News Stories

POS lending solution Affirm closes $500m Series G

Affirm, a buy now and pay later solution, has closed its Series G round on $500m.
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Solving the challenge of creating a customer-centric business model – Kidbrooke demo

A recent survey from PWC found that 61% of bankers believe customer-centric business models are very important, and yet only 17% of them are “very prepared” for it. Kidbrooke has released a new demo highlighting the problem in the market.

Over 60% of InsurTechs and insurers are keen to work with BigTech companies

Over 60% of InsurTechs and insurers are looking to collaborate with BigTechs, as they look to keep up with changing customer demands, a new report claims.

Good services is more important to policyholders than pricing

New research claims the key to driving long-term relationships in home insurance is less about pricing and more about great services and reputation.

TCARE closes $3m in round led by SixThirty Ventures

TCARE, which claims to be the only evidence-based, CMS 1115 approved and accredited family caregiver support platform, has netted $3m in funding.

Join the exclusive webinar with McKinsey and Akur8 to find out more 

How to capture value from pricing analytics in P&C insurance post COVID-19?

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