Company News

German anti-money laundering regulator failed to share warnings about Wirecard

The German Financial Intelligence Unit only sent a fracture of warnings about Wirecard's finances to the police and the public prosecutor's office.

Habito secures £35m in Series C round and become B Corp accredited

London-based PropTech Habito has bagged £35m in a Series C round led by Augmentum Fintech, SBI Group and mojo.capital.

Klarna introduces Google Pay for safer in-store payments during Covid-19

Payment service unicorn Klarna is introducing Google Pay for in-store purchases in the US as the country tackles the pandemic.

InsurTech the Demex Group bags $4.2m in seed funding

Climate risk InsurTech the Demex Group has secured $4.2m in a seed funding round led by Anthemis and IA Capital Group.

Metro Bank launches SME receipt management tool as its reeling from £900m accounting mistake

Metro Bank has launched new app tools for businesses to manage their receipts as the company itself is still recovering from last year's accounting scandal.

Could AI be at the forefront of digitalisation for insurance

Currently business is not normal, but it might be fostering the rapid development of artificial intelligence (AI) technology.

TransferWise signs partnership with Australian neobank Up

TransferWise is continuing its summer of growth by inking a partnership with Australian challenger bank Up.

Check out the 29 FinTech companies to raise rounds last week

Last week's FinTech funding rounds highlight the fractured neobank scene, show the sector's coronavirus struggles and demonstrate some areas industry stakeholders should be interested in right now.

VPay joins Guidewire’s PartnerConnect

Claims payment solution provider VPay has joined the Guidewire PartnerConnect as a solution partner.

Capital One to pay $80m fine for its data breach last year

Capital One Financial has been ordered to pay an $80m fine by the Office of the Comptroller of the Currency (OCC) after its data breach in 2019.

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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