Company News

FinAccel acquires majority stake in Bank Bisnis

PT FinAccel Teknologi Indonesia, a directly controlled subsidiary of FinAccel, has acquired a majority stake in Bank Bisnis Internasional.

Banks face considerably lower ratings if they don’t tackle financial crime and governance

Sigma Ratings and Fitch Group warn in a new report that banks and financial institutions could face serious risks if they neglect to tackle financial crime, oversight and governance risk.

‘Wild West’ days of cryptocurrency are ending as backlash meets Facebook’s Libra

As regulators begin to take a closer look at cryptocurrency exchanges and cryptos like Facebook's Libra, the days of old are ending.
fraud

Fraud detection in FinTech: The battle against synthetic identity theft

Flagright recently shone a light on the topic of fraud detection in FinTech, with a battle against synthetic identity theft ongoing.

FBI issues warning of ransomware attacks on local government

The FBI has warned local government entities of ransomware attacks disrupting operational services.

LexisNexis unveils new tool to fight email fraud

The news are coming strong and fast now for LexisNexis. Yesterday we reported that the company had inked a new deal with Nuggets and now it has unveiled a new email fraud prevention tool.

Nucleus Software launches latest version of transaction platform FinnAxia

India-based Nucleus Software, the provider of lending and transaction banking solutions to the financial sector, has unveiled the new version of its transaction banking solution FinnAxia 6.5.
Consumer

Consumer Duty takes effect: A new era of protection in financial services?

Consumer Duty, a set of new rules aimed at enhancing consumer protection in the financial services sector, has come into force.

What’s in store for the future of insurance claims?

Smart Communications, a technology company focussed on helping businesses engage in more meaningful customer conversations, has released research delving into the most pressing issues and trends in today’s P&C insurance marketplace.

Securechain unveils new feature to send cryptocurrencies via email

Copenhagen-based Securechain has unveiled a new tool for using emails to send cryptocurrencies like bitcoin without the need of a bank account.

News Stories

US takes the gold for FinTech deals this week - Here are this week's 36 deals

US takes the gold for FinTech deals this week – Here are this week’s...

It was a strong week for US-based FinTech companies, with 17 securing fresh capital this week.  Aside from the US dominating the week for deals,...
Deutsche Bank and BASF initiate pioneering ESG finance programme in Asia

Deutsche Bank and BASF initiate pioneering ESG finance programme in Asia

Deutsche Bank has unveiled BASF’s inaugural sustainability-linked payables finance programme in Asia, concentrating on its operations in China.
PureFacts secures major investment from GrowthCurve

PureFacts secures major investment from GrowthCurve

PureFacts Financial Solutions, a renowned provider of revenue management solutions tailored for the investment sector, recently announced a significant development.
Tuum and ComplyAdvantage join forces to enhance compliance and operational efficiency

Tuum and ComplyAdvantage join forces to enhance compliance and operational efficiency

Tuum is a next-generation core banking platform, has partnered with ComplyAdvantage, a financial crime intelligence platform that offers AI-driven risk data and fraud detection technology to a global client base.
Wisedocs bags $4.5m from CIBC to streamline insurance claim reviews with AI

Wisedocs bags $4.5m from CIBC to streamline insurance claim reviews with AI

Wisedocs, an innovative leader in the InsurTech sector, recently received a significant financial boost. CIBC Innovation Banking has extended $4.5m CAD in growth capital financing.

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