Company News

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.

German financial regulator BaFin has issued a general administrative act prohibiting the establishment of net short positions in shares of Wirecard.

The IFRS Foundation, in conjunction with the EFRAG, has released guidance aimed at facilitating the adoption of sustainability reporting.

Kashet, a Swiss-UK premium digital finance services firm, has recently raised CHF 6.2m in Series A funding.

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.

Cybersecurity firm PlexTrac has secured $70m from a Series B funding round headed by Insight Partners.

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.

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?

VoxSmart, a leader in communications surveillance and financial AI solutions, has raised a further $12m in a recent funding round.

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.