Why banks need to embrace platform theory to survive
The financial services industry is in the middle of a seismic shift. In order for banks to remain successful, they will need to embrace platform theory.
BaFin bans net short positions in shares of Wirecard
German financial regulator BaFin has issued a general administrative act prohibiting the establishment of net short positions in shares of Wirecard.
EFRAG and IFRS Foundation collaborate to simplify sustainability reporting
The IFRS Foundation, in conjunction with the EFRAG, has released guidance aimed at facilitating the adoption of sustainability reporting.
Premium digital finance services firm Kashet bags CHF6.2m
Kashet, a Swiss-UK premium digital finance services firm, has recently raised CHF 6.2m in Series A funding.
Monedo has filed for bankruptcy because of the coronavirus
Another German FinTech giant bites the dust with Monedo filing for bankruptcy after the pressures of Covid-19 became too much for the once celebrated company backed by investors like Peter Thiel and Naspers.
CyberTech firm PlexTrac scores $70m Series B
Cybersecurity firm PlexTrac has secured $70m from a Series B funding round headed by Insight Partners.
Spanish bourse BME tests blockchain-based collateral pledge process with Renta 4 Banco
Spanish stock market BME has teamed with Renta 4 Banco to launch the first test of using blockchain to remove the need for physical certificates for the collateral pledge process.
Why is embedded insurance needed?
In today’s dynamic landscape, traditional insurance models are often lagging behind newer digitalised solutions, leaving consumers and businesses vulnerable to gaps in coverage and cumbersome policy management. Enter embedded insurance: a forward-thinking solution seamlessly integrating insurance products into existing platforms and transactions, revolutionising the way we protect assets and mitigate risks. But why is it becoming increasingly indispensable in our modern world?
Communications surveillance firm VoxSmart secures $12m
VoxSmart, a leader in communications surveillance and financial AI solutions, has raised a further $12m in a recent funding round.
Using facial recognition for second-factor authentication – Electronic IDentification
Second-Factor Authentication (2FA) has been implemented across Europe under the PSD2 regulation and is helping protect consumers with online fraud. In a new case study, Electronic IDentification has explored the technology.