Company News

BaFin

N26 fined €9.2m by BaFin for late money laundering reports

BaFin has recently imposed a €9.2 million fine on German FinTech firm N26 due to anti-money laundering failures.
sustainability

Survey reveals 80% of companies eye sustainability for financial growth

A survey conducted by Morgan Stanley unveils significant insights into corporate attitudes towards sustainability and its financial implications.
HSBC

FCA fines HSBC £6.2m over customer treatment failures

The FCA has fined HSBC, HSBC Bank and Marks and Spencer Financial Services plc (HSBC) £6.2m for their inadequate treatment of customers facing financial difficulty.
Patronus AI

Patronus AI bags $17M investment to fortify LLM reliability platform

Patronus AI, a startup that specialises in aiding companies in identifying and rectifying reliability issues within their LLMs, has raised $17m. 
Majority

Majority’s migrant banking platform secures $20m funding boost

Majority, a platform catering to migrants in the US with mobile banking services and international offerings, has raised $20m.
NEXT Insurance, a prominent digital insurer revolutionising small business insurance, has introduced a cutting-edge technology-enabled solution aimed at modernising the insurance experience.

NEXT Insurance launches pioneering solution for streamlined insurance quotes

NEXT Insurance, a prominent digital insurer revolutionising small business insurance, has introduced a cutting-edge technology-enabled solution aimed at modernising the insurance experience.
SOCRadar

SOCRadar’s $25.2M funding boost targets cybersecurity expansion

SOCRadar, a provider of enterprise-grade, end-to-end threat intelligence and brand protection, has concluded its Series B funding round on $25.2m.
Cover Whale, a pioneering InsurTech specialising in connected insurance for commercial auto, has has secured $27.5m in debt and equity from investment funds managed by Morgan Stanley Expansion Capital.

Cover Whale lands $27.5m investment from Morgan Stanley Expansion Capital

Cover Whale, a pioneering InsurTech specialising in connected insurance for commercial auto, has secured $27.5m in debt and equity from investment funds managed by...
Allianz UK, a prominent player in the insurance industry, has made significant changes to its senior leadership team, announcing a pair of key appointments. 

Allianz UK announces leadership reshuffle

Allianz UK, a prominent player in the insurance industry, has made significant changes to its senior leadership team, announcing a pair of key appointments. 
ClearBlue, a leading expert in carbon markets, and Kita, a pioneer in carbon credit insurance, have announced a groundbreaking partnership which aims aims to revolutionise the landscape of environmental responsibility.

ClearBlue and Kita join forces to transform Voluntary Carbon Market

ClearBlue, a leading expert in carbon markets, and Kita, a pioneer in carbon credit insurance, have announced a groundbreaking partnership which aims aims to revolutionise the landscape of environmental responsibility.

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.

120,000+ FinTech leaders get exclusive industry stories delivered every week

Download the free AIFinTech100 report

FREE

Download the AIFinTech100 report for 2024 with details on each solution