Industry News

Navigating the KYC maze: How banks are tackling compliance costs in 2023

Navigating the KYC maze: How banks are tackling compliance costs in 2023

In 2022, Fenergo's annual research survey of global investment banks highlighted a labor-intensive environment in Know Your Customer (KYC) processes. These processes were costing banks as much as $35m annually.
admiral-group

AXA poised for growth in Spain with GACM acquisition

AXA Spain has entered negotiations with Groupe des Assurance due Crédit Mutuel (GACM) to acquire the company in a bid to strengthen its property & casualty (P&C) and health presence in Spain.
AI

Tackling compliance complexity – how AI is changing the game for financial services

The latest research by GRC 20/20 delves into the role of AI in reshaping regulatory compliance within the financial services sector.
Branch-launches-term-life-insurance

Branch unveils term life insurance product

Branch, a full-stack insurance company that uses data, technology, and automation to make home and auto insurance completely frictionless, has launched a term life insurance product.
Mastercard

Mastercard and MDP form alliance for digital payments in MENA

Mastercard and MDP have announced a partnership to transform the payments landscape for banks and non-FIs in the MENA region.
How financial advice is changing through voice calls

How financial advice is changing through voice calls

As the world moves out of the pandemic and into the cost-of-living crisis, the future of financial advice is continuing to change.
BlackRock

BlackRock’s Larry Fink claps back at anti-ESG claims in Republican debate

BlackRock CEO Larry Fink recently robustly defended the investment firm against accusations hurled during the Republican debate.
Sagesure-goosehead-launch-elevate-protect-coastal-homeowners

SageSure and Goosehead launch Elevate to protect coastal homeowners

SageSure, a provider of catastrophe-exposed property insurance, has partnered with Goosehead, an independent personal lines insurance agency, to launch an insurance carrier for protect homeowners in coastal states.
Meniga

European banks rally behind Meniga with €15m investment

Meniga, a personal finance management solutions firm, has announced it has secured €15m in Series D investment.
FM-Global-levels-up-risk-management-in-asia-pacific-singapore-facility

FM Global levels up risk management in Asia Pacific with Singapore facility

FM Global, a commercial and industrial property insurer, has opened its client-centred experiential risk management facility in Asia Pacific, situated in Singapore Science Park.

News Stories

NatWest is set to boost its cross-border payment capabilities for its corporate clients through a new partnership with StoneX Payments. 

NatWest and StoneX Payments join forces to expand cross-border payment services

NatWest is set to boost its cross-border payment capabilities for its corporate clients through a new partnership with StoneX Payments. 

From manual to machine: The transformation of KYC through Generative AI

Generative AI has become a global sensation, transforming industries with its versatility in content creation, translation, coding, and even education.
Miggo

Miggo Security’s innovative ADR platform attracts $7.5m seed investment

Miggo Security, an Israeli cybersecurity firm, today unveiled a successful seed funding round, raising $7.5m.
Canada

Canada to boost financial innovation with new open banking laws

The Canadian government has confirmed its commitment to establishing an open banking legislation by the end of this year, a move that has been long anticipated following a detailed three-year study comparing with the UK's approach.

Berenberg partners with Kaizen to enhance EU and UK MiFIR transaction reporting

Berenberg, one of Europe’s leading privately owned banks, has partnered with Kaizen, a top RegTech firm, to streamline its regulatory reporting processes.

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