Company News

India’s anti-money laundering act has been amended to allow for more KYC options

The Indian Prevention of Money Laundering Act (PMLA) has been changed to allow more flexibility for people to prove that they are who they say they are.

McDonald’s self-ordering kiosks have one huge payment flaw

The home of the Big Mac has run into a big problem with its self-ordering kiosks: people cannot use them to pay for their food.

Juvo to help the unbanked through new partnership with DOCOMO

Juvo will combine its financial identity and credit lending capabilities with DOCOMO Digital’s payment platform as part of new partnership.

AFME calls for teamwork on crypto-asset regulation

The Association for Financial Markets in Europe (AFME) has called for collaboration on the regulation of crypto-assets in Europe. Highlighted in a new paper, the...

Neobank Space signs partnership with Visa

Georgia’s first fully digital bank has signed a partnership with payments titan Visa.

New Singapore innovation hub to focus on digital identities and to connect regulators with...

There are several reasons why FinTech and RegTech providers in Singapore should take notice of a new initiative in the state.

Lemonade to postpone IPO after seeing WeWork’s failed attempt

Online insurance company Lemonade has reportedly delayed its initial public offering (IPO) after seeing the problems WeWork suffered after its own.

Money laundering reports are on the rise in the UK

The UK’s National Crime Agency has received a record number of reports related to suspected money laundering attempts.

Hack attack risks growing for medium-sized businesses – Coalfire report finds

Cybersecurity company Coalfire has revealed that the digital dangers have increased for medium-sized firms as big businesses are becoming better adapted at tackling malware.

OneConnect support the launch of two smart lending platforms in Asia

FinTech company OneConnect has teamed up with Union Bank of the Philippines (UnionBank) and Sinar Mas Multi-finance, a subsidiary of Sinar Mas Multiartha, to launch two new lending platforms in South-East Asia.

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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