Company News

InsurTech Zego has sold over 100 million hours’ worth of insurance policies

London-based gig economy InsurTech startup Zego has sold more than 100 million hours’ worth of flexible policies.
MAS

Singapore’s derivatives market overhaul: Understanding the MAS rewrite

In a significant move set for October 2024, the MAS will implement changes to the over-the-counter (OTC) derivatives reporting requirements.
TCFD

IFRS takes the reins of TCFD, marking a milestone in sustainability reporting

The ISSB will take over the responsibilities of the Task Force on Climate-related Financial Disclosures (TCFD) starting from next year.

Tax compliance firm Blue dot banks $32m while eyeing global expansion

AI-driven tax compliance solution provider Blue Dot secured $32m in a Series C round led by Ibex Investors in partnership with Lutetia Technology Partners.

Papaya to acquire Azimo to boost its payroll capabilities

Papaya Global, the global people management platform for the remote working era, has agreed to acquire Azimo, global digital cross-border payments service.

Israel and Croatia team up to boost FinTech innovation

FinTech entrepreneurs in Croatia and Israel may soon work closer together as the two countries have signed an agreement to encourage innovation in the sector.
SiriusPoint Ltd., a global specialty insurer and reinsurer, and Tara Hill Insurance Services, have formed a strategic Excess & Surplus lines (E&S) partnership.

SiriusPoint and Tara Hill Insurance Services partner to target E&S market

SiriusPoint Ltd., a global specialty insurer and reinsurer, and Tara Hill Insurance Services, have formed a strategic Excess & Surplus lines (E&S) partnership.
SKYPLAY

LDA Capital bets $10m on SKYPLAY’s blockchain gaming rise

SKYPLAY, a gaming platform provider, has secured a sizeable investment of $10m from global investment firm LDA Capital Limited.

SmartStream expands global reach with cloud-native AI service launch

Transaction lifestyle management provider SmartStream Technologies has boosted its global footprint with the launch of SmartStream Air version 3.

Over half of consumers abandoned onboarding processes in 2021

More than half of consumers (68%) abandoned a financial application during the onboarding process in 2021, up from 63% in 2020, research from Signicat 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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