FinTech Global

Traditional KYC processes are increasingly struggling to keep pace with the demands of modern financial services. However, the rise of AI and ML is reshaping how compliance teams operate, delivering faster, more accurate, and more scalable solutions. According to Quantifind, for years, financial institutions have relied on manual processes to meet KYC and anti-money laundering (AML) obligations. These legacy approaches have created multiple operational challenges. Read more here: https://lnkd.in/evfyjMCW Jason Palleschi

When criminal organisations generate illegal profits, they must clean or ‘launder’ the money before it can be safely used in the legitimate economy. This is typically done through a carefully structured three-stage process. Understanding these stages is vital for businesses implementing AML strategies, as it can help identify potential criminal activity. According to SmartSearch, an all-in-one AML platform, companies can simplify their compliance obligations through automated customer due diligence (CDD) checks and ongoing client monitoring. Read more here: https://lnkd.in/eAVJwWzh Lauren Hanson

Hana Financial, Inc., a leading South Korean financial services conglomerate, has launched a centralised ESG data management system designed to enhance sustainability reporting and compliance across its subsidiaries. Read more here: https://lnkd.in/evUj_jJX

Tapcheck, a U.S.-based FinTech specialising in on-demand pay solutions, has secured $225m in combined equity and debt financing to accelerate the growth of its earned wage access platform. Read more here: https://lnkd.in/eMQxvNP6 Ron Gaver

SmartStream Technologies has launched its new RegRegistry Service, aimed at helping financial institutions streamline their regulatory compliance processes. Read more here: https://lnkd.in/ettQDebQ Linda Coffman

Daily research from FinTech Global US firms secured half of all InsurTech deals in Q1 2025 as funding bounced back by 59% YoY Global InsurTech funding increased by 59% YoY   In Q1 2025, the global InsurTech market showed a mixed performance, with funding increasing despite a decline in deal volume.   Total funding rose to $1.1bn, a 59% increase from the $718m raised in Q1 2024.   However, the number of deals dropped by 22%, falling from 91 to 71.   This divergence suggests a shift in investor focus towards fewer but higher-value opportunities, as the sector begins to stabilise after a prolonged downturn.   While the rebound in funding points to a gradual return of confidence, the lower deal count reflects continued caution in broader investment activity.   US firms secured half of all InsurTech deals in Q1 2025 to remain as the leading InsurTech hub   The United States remained the most active InsurTech market globally, accounting for 37 deals (52% share) in Q1 2025, down from 45 deals (49% share) in Q1 2024.   The United Kingdom followed with five deals (7% share), slightly down from seven deals last year.   Spain and Brazil each recorded four deals (6% share), rising into the top three from outside the top ranks in Q1 2024.   Germany and Canada, which were among the most active countries in the previous year, did not appear in the top tier for Q1 2025.   These shifts highlight how newer markets such as Spain and Brazil are gaining traction within the global InsurTech ecosystem, even as the United States continues to hold a dominant position.   High Definition Vehicle Insurance (HDVI), a technology-first commercial auto InsurTech, secured one of the largest InsurTech deals of the quarter with a $40m growth capital raise   The round was co-led by existing investors 8VC, Autotech Ventures, Munich Re Ventures, and Weatherford Capital, and will accelerate the expansion of HDVI’s telematics-based product suite, nationwide coverage, and digital tools for agents.   HDVI’s platform leverages over 7.5bn miles of telematics data to transform underwriting and claims processing, enabling dynamic pricing, real-time risk assessment, and tangible safety improvements for fleet operators.   Since launching HDVI Shift™ in 2021, the company has achieved a 107% compound annual growth rate while maintaining a loss ratio well below industry averages.   With enhanced reinsurance capacity from A+ rated global reinsurers and a leadership transition geared for scaling, HDVI is doubling down on its data-driven approach to redefine commercial auto insurance by aligning safety performance with pricing incentives and operational efficiency.

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🚨 ICYMI 🚨 What were some of yesterday's top stories on FinTech Global? Find links to the stories below in the comments. #FinTech Moody's Tinuke Bernard KYC Portal CLM ACA Group Global Trading Analytics, LLC (GTA) Revolut