Company News

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.

Knabu launches pilot with Facton

Cryptocurrency company Knabu is reportedly piloting its platform with bank regulatory reporting with Factom.

Root launches insurance services in California

InsurTech unicorn Root Insurance has launched its services into California, making its services now available to 60 per cent of the US population.

Ontnomio partners with Daimler for new automotive services

Ontnomio, a provider of automotive data services, has partnered with car manufacturer Daimler for the creation of new services.
fintech insurtech wealthtech regtech ai cybertech esg news

China Merchants Group launches $15bn tech fund

China Merchants Group (CMG) has reportedly teamed up with an unnamed London-based firm to launch a $15bn technology-focused investment vehicle.

UK and US regulators collaborate on FinTech innovation

The Financial Conduct Authority (FCA) has signed a collaborative arrangement to support FinTech innovation with the US Commodity Futures Trading Commission (CFTC).

RegTech 100 iSignthis and Worldline finalise partnership

European payments firm Worldline has bolstered its digital identity capabilities by partnering with RegTech 100 company iSignthis.
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FEXCO to bring mobile cash withdrawals to the Philippines

Irish financial technology provider FEXCO is partnering with Manila-based Electronic Network Cash Tellers (ENCASH) to bring mobile cash withdrawals to the Philippines.
Merge

Merge lands $55m from Accel-backed Series B

Merge, a unified API for B2B integrations, has closed a Series B funding round led by Accel that raised $55m.
payments

UK payments infrastructure upgrade could fuel $3.8bn GDP bounce

The upgrading of the UK’s payments infrastructure and real-time payments adoption has been forecasted to boost the UK economy by $3.8bn by 2026, research has found.  

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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