Company News

Verisk Analytics said to acquire GPS tracking company LocationAware.io

Verisk Analytics has reportedly acquired geospatial technology company LocationAware.io to improve its property insurance solution.

Ten biggest RegTech deals since the Covid-19 lockdown

The RegTech sector has seen some massive investment rounds in the past few months despite the global pandemic.

Preparing for the global comeback in travel – Air Doctor

Travel insurance has been hit hard by the Covid-19 pandemic. There’s no need for buying a policy when you can’t leave your house, but as the lockdown measures begin to ease, holidays will be top of people’s priorities, giving travel insurance a much needed resurgence. Air Doctor has issued a white paper exploring the opportunity ahead.

Why banks should double down on innovation during the Covid-19 pandemic

The ripple effects of the coronavirus pandemic could cause companies to de-prioritise their digitalisation, but Nucoro believes that would be a “significant missed opportunity.” Instead of stopping, firms should be doubling down.

Bank of Ireland fined €1.66m for cyber breach and failure to notify the central...

The Bank of Ireland has been fined €1.66m ($1.95m) by the Central Bank of Ireland for misleading the institution about a security breach back in 2014.

TransferWise partners with neobank Aspire

TransferWise is on a roll, having announced both a new investment round and the expansion of its banking services to Asia through its new partnership with challenger bank Aspire.

Are smaller startups ready for big tech entering the FinTech space?

Big tech firms already control what people watch, buy and find online. Now, some of them are trying the waters of FinTech.

Remitly bags $85m round at a $1.5bn valuation

Remitly, the provider of remittances and financial services for immigrants, has secured $85m to fund the further development of its offerings.

First-party fraud is now 50% more common than third-party fraud

First-party fraud, or “friendly fraud”, is now 50% more common than third-party fraud, according to a report from Fraud.net.

bunq said to become first neobank to offer mortgages

Dutch bunq is said to have become the first European challenger bank to offer mortgages, entering the mortgage market through a silent partnership.

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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