The UK fintech ecosystem secured $533 million in funding during Q3 2024, marking a significant 72% decline from the previous quarter's $1.9 billion.
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Tag: fintech
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US FinTech Startups See 53% Decline In Funding in H1 2024, But Q2 Surge Offers Optimis
Investment Tech, Payments, and Finance & Accounting Tech were the top-performing segments in H1 2024.
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US Fintech Startups Suffered a 36% Funding Collapse in 2023
Fintech funding in the country fell by 36% year-over-year and suffered a free fall of 68% compared to 2021.
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ANDICOM IT Industry Mega-Event Returns To Cartagena Colombia November 17-19
The region's benchmark international ICT Congress, returns to an in-person modality in Cartagena November 17-19, 2021, expecting approximately 2,000 participants attending with biosafety measures and capacity measures in place.
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PayPal’s Sri Shivananda Reveals The Irreversible Impact Of ML & AI On Fintech
The fintech industry, in particular can benefit greatly by integrating AI into its processes and functions. It has the potential to lower costs, increase productivity, and contribute to the customer-facing practices of fintech companies across the globe.
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AI Adoption In Financial Services Expected To Jump From 16% To 64% In Just 2 Years: WEF, Cambridge
Nearly two-thirds (64%) of financial services leaders expect to be mass adopters of AI (Artificial Intelligence) in the next two years compared to just 16% doing so today.
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Banks Can Compete With The Disruptors If they Properly Leverage Technology: Everest Group
Banking is in dire need of transformation. Some banks get it, others are destined to be left behind. For innovation in banking, look to challengers like Apple with its new Apple Card and “neobanks” like Monzo. Although the threats are real, “traditional” and “large” banks are *not* sitting ducks. Everest Group has developed a report,...
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PayPal’s CTO Sri Shivananda Talks Artificial Intelligence, Blockchain, & Whether Cryptocurrencies Have A Future
20 years ago, PayPal was a scrappy startup, a FinTech disruptor. 2 decades later, the company is a financial giant, in some ways part of the financial establishment it initially took on. Still, the industry continues to evolve, and new technologies threaten even currency itself. Cognitive Business News founder and publisher Loren Moss recently was...
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Experian Spends $385 Million to Acquire ClearScore, a Credit Score Firm with a Chatbot Offering Financial Advice
Credit reporting agency Experian is set to acquire London-based fintech ClearScore for $385 million, the company announced this week. The transaction is subject to regulatory approval and the reported sum does not include “additional earn-out potential contingent on achieving future financial performance,” stated Experian. Last September, the U.K. startup, which was founded by Justin Basini,...
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One in Three Retail Bankers Are Worried About Losing Their Jobs to Automation
Many bankers are worried that they won’t have jobs for much longer. A recent LinkedIn survey of those working in the financial services sector found that one out of three retail banking professionals (34%) are concerned that automation could put them out of work. Among all employees in the industry, 25% are worried that automation...