Company News

UK watchdog Financial Conduct Authority (FCA) has fired a warning shot at the cryptocurrency industry, signalling it could soon come under greater regulatory scrutiny.

The Abu Dhabi Islamic Bank (ADIB) has introduced Amwali, a new digital banking proposition that will target youths between the ages of 8 to 18.

Verisk-owned Sequel has acquired Ignite Software Systems, which provides policy administration systems to brokers, MGAs and insurers, for an undisclosed sum.

In wealth management, prioritising client service is the only way for establishing a long-lasting relationship. And wealth managers must leverage intelligent technology to provide a more efficient customer experience and gain their client’s trust.

London-headquartered RegTech firm SteelEye is eying development across North America following two strong funding rounds last year.

Reward-based debit card startup Point has closed a $46.5m Series B funding round that was led by the Peter Thiel-owned Valar Ventures.

Open banking solution developer ModusBox has teamed up with SaaS-based automated onboarding tool DocFox to help banks and credit unions improve data access.

WhatsApp has been hit with a $225m fine by Ireland’s Data Protection Commission after it failed to disclose enough information to users about the data shared with other Facebook companies.

Prior to the Covid-19 pandemic, the insurance sector was already a highly competitive space. Now, with more demand than ever for insurance, the market is going into overdrive.

Commercial construction insurance business Shepherd has raised $6.15m from a seed funding round led by Spark Capital.