Company News

Sompo to deploy Greater Than’s AI for greener driving

Japanese insurance provider Sompo Japan has teamed up with InsurTech Greater Than, a global provider of DriverDNA for real-time insurance and predictive risk insights, to develop a carbon neutrality service in the auto insurance industry.

ECB exec calls on regulators to curb crypto wild west

Executive board member of the European Central Bank Fabio Panetta has claimed global regulators need to quicken efforts to launch a framework to tackle the crypto wild west.

Wormhole hack causes around $320m in stolen cryptocurrency

Blockchain bridge Wormhole has confirmed that around $320m worth of cryptocurrency has been stolen following a hack earlier this week.

New York launches FinTech development centre

The Federal Reserve Bank of New York has launched an innovation centre aimed at boosting FinTech developments for the central bank community.

Auto InsurTech Loop inks $21m financing to expand into new US states

Auto insurance company Loop has raised $21m in a Series A funding round co-led by Founder Group and 01A.

How Bdeo’s rebrand has set it on its path to expansion

Bdeo, which builds visual intelligence for motor and home insurance firms, is currently going through big changes as it looks to reinforce its identity. As part of this effort, the Spanish InsurTech recently underwent a rebranding.

Paymynt Financial unveils new blockchain-based multicurrency smart card

Boston-based FinTech company Paymynt Financial said to launch MYNT PayCard, a multicurrency hardware wallet.

Capnovum is boosting compliance with AI

Capnovum solution slashes the time needed to keep up with regulations from weeks to minutes. The startup is now ambitiously accelerating the growth of its industry agnostic platform.

What does Klarna’s mega valuation mean for the Nordic FinTech industry?

Swedish payment and shopping unicorn Klarna has become Europe's most valuable FinTech, but what does that mean for the other FinTech ventures in the Nordics?

Three challenges facing European challenger banks when they go to the US

From regulatory loops to jump through to massive competition, European challenger banks have many obstacle to overcome if they want to expand across the pond.

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