Company News

AIG MEA partners with Democrance to support move into new market segments

AIG MEA has partnered with UAE-based InsurTech Democrance to better serve its existing customers and move into new market segments.

Akur8 to level-up AXA’s pricing team

Insurance company AXA Luxembourg and AI-powered insurance pricing software developer Akur8 have teamed up to boost AXA’s pricing capabilities.

Why RegTechs must be ready for a second coronavirus wave

A second wave of the coronavirus threatens to sweep across the world, presenting the RegTech industry with several new challenges.
Mollie

Mollie names ex-Klarna CTO as its new CEO

FinTech firm Mollie has named Koen Köppen as the company’s new chief executive officer to drive forward the company’s expansion. 

European Commission fines MasterCard €570m for antitrust breach

The European Commission has fined MasterCard €570m for breaching EU antitrust rules. Mastercard was fined due to it ‘limiting the possibility for merchants to benefit...

FinTech app Toucan glides to $800k seed raise

FinTech startup Toucan has raised £800k from a seed funding round, exceeding its original target of £500k.

UK FinTech industry stakeholders launch initiative to fight harassment in the sector

The FinTech industry has a problem with harassment, but now the Fintech For All Charter has moved to do something about it.
Moov

Visa backs Moov Financial in $45m Series B

FinTech firm Moov Financial has scored $45m in a Series B funding round led by Commerce Ventures.

UK’s FSB launches campaign to tackle late payments to small businesses

The UK Federation of Small Businesses (FSB) has launched a new campaign designed to pressure the government to tackle poor payment practices in the...

Aviva pledges ?50m to green VC funds

UK insurer Aviva has made a commitment to invest ?50m into venture capital funds focused on emerging technology which supports a more sustainable future.

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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