Aivitam Ventures, together with Forbes Cyprus, invite you to Forbes Cyprus The Future of Fintech Summit, a global offline fintech event on December 7-8. We’ve been bringing fintech executives, investors, policymakers, and fintech experts together to focus on the opportunities of the fintech revolution. There will be 1000+ attendees, 40+ expert speakers, 100+ fintech companies from 20+ countries. 

AML RightSource, the leading provider of Anti-Money Laundering (AML), Know Your Customer (KYC), and Bank Secrecy Act (BSA) compliance solutions, has expanded its Financial Crimes Advisory (FCA) services to financial institutions with expert support for transaction monitoring system (TMS) selection and implementation.

It is widely accepted that the digital transformation of all aspects of our working and personal lives has created efficiencies, opportunities and data in abundance – but for those tasked with the complex feat of gathering, managing and analysing that data to produce good business insights, it is far from ‘nirvana’.

McKinsey’s latest Global Payments Report  shares 2022 data from our proprietary market intelligence, as well as our perspective on the future of the payments industry. Here’s a brief overview of the highlights: 

2022 market intelligence 

Arteria AI, the market-leading applied AI company building modern documentation infrastructure for institutional finance, today announced its oversubscribed $30 million Series B financing round led by GGV Capital U.S., with participation from all existing major investors, including Illuminate Financial, Information Venture Partners, BDC Capital and Citi. The round brings the company’s total funding to $50 million to date.

Data-driven core banking engine SaaScada, today released its predictions for 2024, offering insights for the financial services (FS) industry:

Fintech’s AI bubble will pop

Nelson Wootton, CEO and Co-Founder, SaaScada

Sumsub, a full-cycle verification platform, today releases its “State of Verification and Monitoring in the Crypto Industry 2023” report. The findings focus on the regulations and verification practices for crypto companies, with highlights from verification performance and identity fraud statistics.

New research from RBR Data Services, a division of Datos Insights, reports that 6% of all global card volume was cross-border in 2022, up from 5% the year before. With the pandemic over and travel restrictions lifted, consumers have been keen to book trips abroad again. In addition, businesses have returned to in-person international meetings and conferences, despite the growth of virtual meetings and events during and since the pandemic.

YouTrip, a Singapore-based fintech that offers multicurrency wallet for consumers and business accounts with corporate cards for SMEs, has its eyes on growth throughout Southeast Asia after landing a Series B led by Lightspeed. The round was $50 million, and brings YouTrip’s total raised to $100 million since it launched in 2018.