Company News

PayPal Holdings, Inc. has made a significant move in advancing women's economic empowerment by investing in Sweef Capital's Southeast Asia Women's Economic Empowerment Fund (SWEEF) and Quona Opportunity Fund.

PayPal announces investments to advance economic empowerment for women and girls

PayPal Holdings, Inc. has made a significant move in advancing women's economic empowerment by investing in Sweef Capital's Southeast Asia Women's Economic Empowerment Fund (SWEEF) and Quona Opportunity Fund.

Microsoft discloses potential weakness that exposed customer data

For the better part of December, a Microsoft database containing customers’ private information was exposed to the internet.

MAS refuses to rule out further regulatory restrictions on crypto

The Monetary Authority of Singapore (MAS) has claimed it will not rule out adding further restrictions on retail crypto-traders as well as amending existing legislation.

Nucoro divests Exo Investing solution to wealth management firm abrdn

UK WealthTech firm abrdn has concluded a deal to acquire Exo Investing from FinTech firm Nucoro for an undisclosed fee.
Figopara, a Turkish invoice financing platform, is joining forces with Provenir, a global leader in AI-powered risk decisioning software, to fuel its international growth.

Figopara partners with Provenir for international expansion and enhanced risk decisioning

Figopara, a Turkish invoice financing platform, is joining forces with Provenir, a global leader in AI-powered risk decisioning software, to fuel its international growth.

Bank of France governor calls for central banks to issue digital currency

Central banks should be in charge of issuing digital currencies as the use of cash declines, the Bank of France's governor Francois Villeroy de Galhau said.

Australians lost record $2bn to scams in 2021

Australians lost a record amount of over $2bn to scams in 2021, according to the annual report from the Australian Competition & Consumer Commission (ACCC).

Breeze banks $10m to boost its disability and critical illness insurance offering

InsurTech Breeze closed a $10m Series A funding round led by Link Ventures with participation from Northwestern Mutual Future Ventures, Silicon Valley Bank, M25, Fiat Ventures and Invest Nebraska.
HoneyQuote, a digital insurance marketplace, has partnered with First Connect Insurance Services to grant thousands of independent agents nationwide the ability to seamlessly write policies in Florida

HoneyQuote partners with First Connect to give agents greater access to Florida insurance market

HoneyQuote, a digital insurance marketplace, has partnered with First Connect Insurance Services to grant thousands of independent agents nationwide the ability to seamlessly write policies in Florida

Mitratech acquires ClusterSeven so it can offer an end-to-end data privacy solution

The legal and compliance software builder Mitratech has acquired ClusterSeven so it can offer an end-to-end solution suite for easing data privacy and information governance efforts.

News Stories

85% of banks rely on ESG ratings for financial strategy, reveals CDP report

A recent report from CDP has illuminated the growing centrality of ESG ratings in the strategic frameworks of financial institutions (FIs).
AI

How AI is driving transformation in the financial services space

Since the onset of AI adoption, the financial services market has been rapidly adjusting to new opportunities and challenges posed by the technology. As...
Bank of London

The Bank of London announces leadership overhaul with Stephen Bell as CEO

The Bank of London, a rapidly growing financial institution, today announced a significant leadership transition.

The high cost of cybersecurity breaches on corporate reputation

Cybersecurity breaches pose a grave threat not only to immediate data security but also to the long-term reputation and financial stability.

IFC launches ClimaLab to bolster climate risk management in European FIs

The International Finance Corporation (IFC) has launched ClimaLab, a comprehensive initiative designed to empower European financial institutions in effectively managing climate-related risks.

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