This is a preview of the AI IN BANKING research report from Business Insider Intelligence. 14-Day Risk Free Trial: Get full access to this and all Fintech industry research reports. Discussions, articles, and reports about the AI opportunity across the financial services industry continue to proliferate amid considerable hype around the technology, and for good reason: […]
UK neobank Monzo nabs $144 million in funding for a US push
UK neobank Monzo secured £113 million ($144 million) in a Series F funding round led by Y Combinator Continuity, per Business Insider. Business Insider Intelligence This brings its valuation to a little over £2 billion ($2.6 billion) — double where it stood following its last raise in 2018, when it secured £20 million ($25.5 million) in crowdfunding. The […]
A global AML watchdog has called for stricter crypto regulations
This is an excerpt from a story delivered exclusively to Business Insider Intelligence Fintech Briefing subscribers. To receive the full story plus other insights each morning, click here. Countries need to apply more stringent requirements on crypto firms that transfer customer funds, the Financial Action Task Force (FATF) said in an updated guidance, per The Wall Street […]
AI IN BANKING: Artificial intelligence could be a near $450 billion opportunity for banks — here are the strategies the winners are using
This is a preview of the AI IN BANKING research report from Business Insider Intelligence. 14-Day Risk Free Trial: Get full access to this and all Fintech industry research reports. Discussions, articles, and reports about the AI opportunity across the financial services industry continue to proliferate amid considerable hype around the technology, and for good reason: […]
UK neobanks Monzo and Revolut are going global
This is an excerpt from a story delivered exclusively to Business Insider Intelligence Fintech Briefing subscribers. To receive the full story plus other insights each morning, click here. In Q1 2019 alone, challenger banks secured a total of $704.6 million in funding, and now two of the world’s largest neobanks are expanding to markets overseas: Business Insider […]
Lemonade has settled on Germany for first expansion beyond the US
This is an excerpt from a story delivered exclusively to Business Insider Intelligence Fintech Briefing subscribers. To receive the full story plus other insights each morning, click here. Insurtech startup Lemonade has launched in Germany, marking its first expansion beyond the US, reports the Financial Times. In addition to offering contents and liability insurance in the country, […]