More than two in three UK fintech companies (68%) are reporting higher fraud volumes compared with one year ago, according to new data published by Alloy. The research showed that 79% of UK fintechs say they lost at least £500,000 to fraud in the 12 months to October 2024. Two in five (38%) fintechs reported…
Read moreTotal UK fintech investment hit $7.3 billion in the first half of 2024, up from $2.5 billion in the same period in 2023, according to KPMG’s latest Pulse of Fintech report, a bi-annual report on fintech investment trends. Despite the almost threefold increase, geopolitical uncertainty, high levels of inflation and the high interest rate environment have all…
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