Company News

In-vehicle payment market anticipates huge 5000% growth spurt by 2026

A recent study by Juniper Research has found that the in-vehicle payment market will see growth of over 5,300% over the next five years.

Celo teams up with FinClusive to implement KYC/AML tools to its digital wallet

Open source blockchain ecosystem Celo has teamed up with FinClusive, which provides accounts and payment solutions with embedded AML tools.
FCA

FCA slaps Metro Bank with £10m fine

The Financial Conduct Authority (FCA) has fined Metro Bank £10m for breaching the listing rules by publishing incorrect information to investors.

GDPR fines exceed €114m in Europe, DLA Piper claims

There has been a total of €114m in fines imposed across Europe under the General Data Protection Regime (GDPR), according to a report from DLA Piper.
Basware

Basware launches AP Protect to combat invoice fraud and enhance financial security

Basware, a global leader in accounts payable (AP) automation and invoice processing, has announced the launch of its new product, AP Protect. This AI-powered solution...

Demex, Vave team to offer extreme temperature insurance to US homes

Climate-resilience technology provider Demex has teamed with underwriting MGA Vave to provide extreme temperature insurance to US commercial properties.

Bank of Korea set to kick-off central bank digital currency pilot

The Bank of Korea (BOK) has revealed it is planning to initiate its central bank digital currency (CBDC) pilot later this month.
ML

Digital asset platform ML Tech snares $1.9m funding

ML Tech, a Miami-based provider of a non-custodial digital asset investment management platform, has scored $1.9m in strategic funding.  

Businesses suffer longer system outages due to ransomware attacks

Ransomware attacks are becoming more severe with businesses suffering from infections being out for up to 16.2 days on average, up from 12.1 days in the third quarter of 2019.
Cowbell, a leading provider of cyber insurance for SMEs, has introduced a new generative AI solution aimed at optimising underwriting workflows.

Cowbell introduces GenAI solution to optimise underwriting workflows

Cowbell, a leading provider of cyber insurance for SMEs, has introduced a new generative AI solution aimed at optimising underwriting workflows.

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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