FinTech Futures: Top five news stories of the week – 12 July 2024

This week in fintech, Bain Capital is acquiring Envestnet in a $4.5bn deal, turning it private, with major firms like BlackRock holding minority positions. Global fintech investment dipped by 19% in the first half of 2024 per Innovate Finance, marking a cyclical low. Meanwhile, New Zealand's Dosh is striving to become a digital-only bank. In Australia, the Consumer Data Right (CDR) system is criticized for underperforming in enhancing customer value and competition. Lastly, Canoe Intelligence raised $36m in a Series C round, led by Goldman Sachs, to boost AI technology for alternative investments. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: FinTech Futures