Company News

Investment Association sets up cybersecurity committee

The UK’s Investment Association has set up a cybersecurity committee to assist the asset management sector.
FinCEN

What are the key FAQs around FinCEN’s beneficial ownership requirements?

The use of shell companies and other legal vehicles for illicit purposes is receiving growing international attention, with the importance of beneficial ownership transparency becoming ever more key.  

Holvi is back up and running after being forced to shut down its services...

Holvi customers can now use their cards again after the Finnish digital banking service for freelancers suspended its services on the back of the Wirecard scandal.
Axa

AXA UK&I welcomes Alain Zweibrucker as new CEO of AXA Retail

AXA UK & Ireland has named Alain Zweibrucker as the CEO of AXA Retail, effective 2 January 2024, pending regulatory approval.

Alior Bank, solarisBank, Raisin, Mastercard team to launch new digital bank

Alior Bank has teamed with solarisBank, Raisin and Mastercard to launch a pan-European digital bank.
RentSpree-funding-series-B-property-management-proptech

RentSpree lands funding to cater to a growing nation of renters

RentSpree, an end-to-end rental management software provider, has raised $17.3m in Series B funding.

Many have been unable to access financial services because of Covid-19

Two in five European customer have been unable to access financial services because of Covid-19 and a lack of access to digital options, according to new research from digital identity company Signicat.
Bain

Bain Capital invests $200m to transform mutual insurance landscape

Bain Capital Insurance has invested $200m to establish The Mutual Group and revolutionise the landscape of mutual insurance. 

Finicity partners with Cre8tech Lbs to support loan decision making

Finicity, a financial data aggregation and insight platform, has partnered with Cre8tech Labs to accelerate decisions for mortgage lending.
Interpol

Interpol dismantles sextortion rings and cautions against further attacks

A sextortion ring has been uncovered following a joint investigation between Interpol’s cybercrime and police visions in Singapore and Hong, Bleeping Computer claims.

News Stories

Strong week in the FinTech sector with $1.7bn raised

FinTech Global this week reported on 21 recorded deals in the FinTech sector, with a strong showing in the reinsurance space bringing the total value recorded over $1bn.

EU regulator suggests revamp in sustainable investment rules

The ESMA has recently recommended a significant overhaul of the Sustainable Finance Disclosure Regulation (SFDR) within the EU.
MNT-Halan, Egypt’s largest non-bank financial institution and FinTech, has acquired Tam Finans, a prominent commercial finance company in Turkey.

MNT-Halan expands into Turkey with acquisition of Tam Finans

MNT-Halan, Egypt’s largest non-bank financial institution and FinTech, has acquired Tam Finans, a prominent commercial finance company in Turkey.

EU banks and insurers lag in green compliance, PwC study finds

A recent PwC study has uncovered a striking deficiency in the alignment of financial institutions’ activities with the EU's taxonomy for sustainable activities. According...
India

India’s new climate finance taxonomy to propel green transition

India is poised to implement a climate finance taxonomy, as announced by the Minister of Finance, Nirmala Sitharaman, during the annual budget.

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