Banks are closing down at an alarming rate. According to recent reports from the Office of the Comptroller of the Currency, 754 bank branches closed between January and September. While many may be tempted to dismiss this as the failings of smaller, community banks, the data would indicate
QPLIX, a WealthTech company specializing in wealth management software, has captivated the attention of the tech investment world by securing over €25 million from Partech's Growth Fund. This development is aimed at supporting QPLIX's ambitious global expansion plans. With this c
The recent DevCon 2024, held at the Queen Sirikit National Convention Center in Bangkok, Thailand, marked a significant milestone for the Ethereum and broader blockchain community. This influential four-day conference brought together a diverse group of key stakeholders, including solo developers
In the third quarter of 2024, the US RegTech sector presented an intriguing juxtaposition of increasing deal activity against a backdrop of declining funding amounts. The paradoxical nature of the investment landscape reveals the complexities and challenges faced by the sector as it navigates
WealthTech, short for "Wealth Technology," is revolutionizing the wealth management industry. This term denotes the intersection of technology and wealth management, delivering innovative tools and solutions reshaping how individuals and businesses manage their wealth. WealthTech is
Iwoca, a UK-based lender dedicated to small and medium-sized enterprises (SMEs), has secured a substantial £200 million debt funding package from Citi and Waterfall Asset Management. This new investment will empower Iwoca to extend its lending capabilities and support more SMEs across the country.
Neo Financial, a Canadian fintech firm, has recently made headlines by raising CAD $360 million in their Series D funding round. This substantial financial boost, consisting of CAD $110 million in equity and CAD $250 million in debt, is set to accelerate the growth of Neo Financial’s diverse suite o
As we inch closer to 2025, the payments industry is set to undergo significant transformations, driven largely by consumer preferences and advancements in technology. A recent survey conducted by payabl has shed light on the dramatic shifts in the payment landscape, emphasizing the increasing
Zand Bank, a Dubai-based digital challenger, has entered a groundbreaking partnership with Alibaba Cloud and Ant Digital Technologies aimed at transforming the landscape of financial services in the UAE. Their collaboration is set to drive the adoption of cutting-edge generative AI, blockchain, and
BlackRock's Bitcoin ETF, $IBIT, has achieved a historic milestone after reaching $40 billion in assets under management (AUM) in a record-breaking 211 days, illustrating the overwhelming confidence that institutional investors have in Bitcoin. This rapid growth has positioned the ETF within
