FinTech Global

In the ever-evolving landscape of business communication, the surge in data generated through Unified Communication and Collaboration tools like Microsoft Teams, Zoom, RingCentral, and Webex presents new challenges. According to a recent survey by Theta Lake, a significant 65% of firms expect regulatory expectations for monitoring communications to increase. Read more here: https://lnkd.in/euKyfxp2 Ine Hansen Stacey Hurwitz

Do you want to network in-person with leading execs from insurance firms and financial institutions❓ 👉 The Global InsurTech Summit in London will be packed with networking opportunities for you to meet and build partnerships with the most-forward thinking brands in #Insurance. Here are just some of the names already registered to attend in-person. 🎟 Secure your place - https://lnkd.in/gJ6E239 #GINS25

Databricks, a leader in data and AI technology, today announced a substantial increase in its financial standing through a Series J funding round. The company, known for its robust Data Intelligence Platform, is raising a remarkable $10bn in expected non-dilutive financing. To date, $8.6bn has been secured, valuing Databricks at an impressive $62bn. Read more here: https://lnkd.in/eRHvX_i6 Ali Ghodsi

In an age where the power of AI is growing exponentially, being able to harness the possibilities from such a technology is vital. Just as vital though, is understanding the ethical sphere around artificial intelligence. FinTech Global recently spoke to Nathan Marlor and Andrew Parsons of Version 1, a digital transformation firm, to understand more about the challenges around navigating AI in financial services. Read more here: https://lnkd.in/evC6fCws

As the year draws to a close, it’s a perfect time to evaluate your company’s compliance surveillance and monitoring systems. According to ACA Group, are they robust enough to land on Santa’s “Nice” list, or are there gaps that could slide them into the “Naughty” category? In the ever-watchful eyes of regulatory bodies, efficient practices are not just advisable; they are imperative to avoid penalties and ensure peace of mind. Read more here: https://lnkd.in/eSGd9MF8 Kristen Mooney Carly Baigelman

In 2024, British banks, ranging from major players to mid-tier institutions and FinTech disruptors, have notably increased their investments in CRM software. According to FullCircl, the banking CRM software market has witnessed considerable growth, escalating from $13.13bn in 2023 to an estimated $15.40bn in 2024. With a robust compound annual growth rate of 17.3%, projections suggest that investments in banking CRM could reach up to $29.39bn by 2028. Read more here: https://lnkd.in/e8CXBkRT James Roberts

Daily research from FinTech Global Global WealthTech deal activity dropped by 36% YoY as investors pull back Global WealthTech deal activity dropped by 36% in 2024 YoY In 2024 year-to-date, the Global WealthTech market recorded $19.5bn in total funding across 327 deals, representing a significant 70% decline in funding from the $64.4bn raised in 2023 and a similar 70% drop from the $65.8bn raised in 2020. Deal volume also fell sharply, with a 36% drop from the 515 deals recorded in 2023 and a 49% decline from the 646 deals in 2020. These figures highlight a marked reduction in both deal activity and funding levels, signalling a broader pullback in the WealthTech investment landscape. Average deal value dropped to $59.7m as investors pull back Funding from deals valued under $100m in 2024 totalled $9.1bn, reflecting a 58% decline from $21.9bn in 2023 and a 62% drop from $24.2bn in 2020. Meanwhile, high-value deals of $100m or more contributed $10.4bn in 2024, a 76% decrease from the $42.5bn recorded in 2023 and a 75% drop from the $41.6bn raised in 2020.   The average deal value in 2024 was $59.7m, a substantial 54% drop from $130.7m in 2023 and 53% lower than $101.7m in 2020. This steep decline in both funding and deal values underscores heightened investor caution and a more selective approach to capital allocation within the WealthTech sector. Fourcore Capital, a rising leader in AI-powered asset and wealth management, secured the one of the biggest WealthTech deals globally in 2024 so far with a $500m funding round Fourcore Capital recently announced its landmark $500m share subscription facility with GEM Global Yield LLC SCS (GGY). This substantial investment will drive Fourcore’s strategic acquisitions, enhance AI and blockchain integrations across its platform, and expand its advisor support capabilities by appointing additional management talent. With a commitment to growth and innovation, Fourcore is focused on delivering tailored solutions that combine advanced technology and disciplined investment strategies, positioning itself as a transformative player in the wealth management landscape as it prepares for a public listing.

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FinTech Global news you can't afford to miss from yesterday 👉 How AI trends are transforming wealth management 👉 Harnessing AI to accelerate model risk management in FinTech 👉 How secure collaboration is transforming financial crime detection 👉 Best Egg secures $1bn funding to expand vehicle equity loans 👉 SandboxAQ secures over $300m for advancing AI in key industries Andrew Deringer Quantifind Annalisa Camarillo Consilient Laurence Hamilton WealthArc

We’re pleased to announce that FF News | Fintech Finance will be media partners for our Global InsurTech Summit, in London on April 30th! This will be our most innovative event to-date, hosting hundreds of vetted senior decision-makers in Insurance, alongside the most disruptive InsurTech founders and tech innovators in Europe. 🎄 Register here and check out our Xmas bundle - https://lnkd.in/gJ6E239 #GINS25