FinTech Global

“It's the biggest gathering of RegTech professionals globally, you literally have all the ecosystem that's present here” 👀 Check out some highlights from the Global RegTech Summit 2024. A massive thank you to everyone that spoke, sponsored or attended for making it the success that it was. After another sold-out Summit in London, we’re excited to bring the worlds biggest gathering of RegTech leaders back to New York on September 24, we hope to see you there! Find out more information and secure your ticket here - https://lnkd.in/gBeAPjZg #GRTSUS24

📢 Meet the latest disruptor joining the Global RegTech Summit USA 📢 We are delighted to be partnering with Red Marker, who are Bronze Sponsors 🥉 at the Global RegTech Summit USA in New York this September. Register now to meet the most innovative industry leaders shaping the #RegTech landscape of tomorrow - https://lnkd.in/gBeAPjZg #GRTSUS24 #Compliance Rose H.

We caught up with Alan Blanchard, Business Development Director at TSO at the Global RegTech Summit in London this May 💡 Alan spoke to us about how we can remove the barriers between RegTechs and Regulators After our sold out event in London, topics like this and more will be appearing at our US edition in New York this September Sign up now via the link and join us at the Global RegTech Summit USA - https://lnkd.in/gBeAPjZg #GRTSUS24 #FintechBytes

FinTech Global news you can't afford to miss from yesterday 👉 Why robust compliance is key to harnessing BaaS opportunities 👉 Strengthening supply chain scrutiny under Australia’s new slavery laws 👉 How Verizon and Theta Lake are revolutionising SMS compliance in finance 👉 Comarch and DSK Bank partner to drive digital innovation in banking 👉 FullCircl secures major growth debt from Salica Investments amid record Q2 performance Stacey English Ine Hansen Stacey Hurwitz James Roberts Moody's Chor Teh Tinuke Bernard Napier AI Mariya Pattara

Daily research from FinTech Global US funding drops by 50% as average deal size indicates concentrated approach by investors In the first half of 2024, the global FinTech sector experienced a substantial decline of 50% in deals with only 1,180 transactions being completed compared to the 2,369 deals during the same period last year. Funding also saw a sharp decline, with FinTech companies raising $23.8bn in H1 2024, a 40% decrease from the $40bn 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 2,362 deals, a 36% decrease from last year’s total of 3,724. However, the average deal value during the first six months of the year was up in comparison to H1 2023 with the average transaction being at $20.2m and $16.9m respectively. This 20% 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. Wiz, a cloud security company, had secured the largest deal of the half by securing $1bn in a Series E funding round, propelling its valuation to a staggering $12 bn. This significant milestone reflects the growing demand for robust cloud security solutions and Wiz’s rapid market capture in just four years. The funding round, co-led by Andreessen Horowitz, Lightspeed Venture Partners, and Thrive Capital, positions Wiz as one of the most highly valued startups in cybersecurity today. The round, announced as the industry’s RSA Conference commenced in San Francisco, signals renewed investor interest in the cybersecurity space, following a strong funding quarter for cyber startups and the successful IPO of Microsoft-backed data security firm Rubrik. Additional participation in Wiz’s latest round came from Greylock, Wellington Management, and existing investors Cyberstarts, Greenoaks, Howard Schultz, Index Ventures, Salesforce Ventures, and Sequoia Capital. WealthTech, Blockchain & Digital Assets and Data & Analytics were the most active subsectors in the US FinTech industry in H1 2024, with 303 (25%), 153 (13%), and 150 (13%) 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.

Hawk, an AI-powered technology for fraud prevention and AML firm, has announced an expansion of its Series B financing round. Read more here: https://lnkd.in/e7xTpBrv Wolfgang Berner Tobias Schweiger

📢 Do you want to showcase your AI solution applicable to financial services to potential clients and partners? 📢 Sixteen companies attending the AI in Financial Services Forum will be invited to present their solution for FREE as voted by delegates. It's a unique opportunity to present to a senior decision-making audience that is actively interested in finding out about your solution. 🎟️ To be eligible you simply need to register as a delegate - www.AIFinTechForum.com #AIFinTechForum24

Modern slavery continues to deeply impact economies worldwide. A 2024 report by the International Labour Organization highlights a disturbing increase in profits from forced labour, which now total an estimated $236bn annually—a 37% jump since 2014. Additionally, Moody's’s data indicates a significant rise in human trafficking incidents globally, with a marked 46% increase in Australia from 2022 to 2023. The urgency to address these human rights abuses has never been clearer, according to the firm. Read more here: https://lnkd.in/gw9pbEDi Tinuke Bernard

📢 Our latest speaker taking the stage at the Global RegTech Summit USA – Rob W., Chief Compliance Officer at FNBO 📢 Rob will be speaking on the panel titled - Beyond the Hype – Practical Use-Cases for AI in Regulatory Compliance Register to take part in the leading #RegTech event: https://lnkd.in/gBeAPjZg #GRTSUS24 #Compliance

💡 The Organizational Outlook for RegTech💡 Get your questions ready for this Keynote Panel Discussion at the Global RegTech Summit USA on September 24 featuring insights from four CCOs at America's leading financial institutions! Speakers include: Sabeena Ahmed Liconte, Chief Compliance Officer – Americas at ICBC Standard Bank Group Noreen Fierro, Enterprise Chief Ethics & Compliance Officer at Principal Financial Group Suprio C., Chief Compliance Officer – Americas at Natixis Corporate & Investment Banking Americas Howard Wynn, Chief Compliance Officer at Mizuho Americas Register for your ticket here - https://lnkd.in/gBeAPjZg #GRTSUS24