Company News

Udaan raises $585m and hits valuation of up to $2.7bn

Indian business-to-business e-commerce platform Udaan has raised $585m in its latest funding round.

Metro Bank’s chairman and co-founder Vernon Hill is stepping down

Vernon Hill has left Metro Bank as the challenger bank is still in the midst of a crisis caused by a massive accounting error earlier this year.

InsurTech company Sapiens signs partnership with fraud-detection business FRISS

Sapiens International Corporation, a provider of software solutions for the insurance industry, is growing its ecosystem by partnering with FRISS, the automated fraud and risk solutions company.

InsurTech startup TrustLayer has come swinging out of beta by teaming-up with Builder Partnerships

TrustLayer, the automated insurance verification platform, has left stealth and joined forces with Builder Partnerships, the residential construction network.

One in five people think their partner sucks when it comes to money

Money is a big thing when it comes to how well a relationship works, according to new research.

Technology is expected to cost 200,000 people in US banks their jobs in the...

Innovation is rapidly transforming the banking industry, increasingly replacing humans with technology.

FCA slams Prudential with £23.87m fine for “very serious breaches that caused harm” relating...

The Prudential Assurance Company has been fined £23.87m for failing to tell customers about their pension savings options.

Supercapital has entered administration as regulator warns about scams

UK payment services provider Supercapital has entered administration after ceasing to provide any regulated businesses on September 12.

Machine learning will offer huge opportunities for financial services

Innovative machine learning can be a boon for financial services, if they can get over the hype.

Atom Finance closes $10.6m funding round led by General Catalyst

Brooklyn-based investment platform Atom Finance has bagged $10.6m in a Series A round led by General Catalyst, the venture capital firm.

News Stories

A $140m investment secured by cyber security firm BlueVoyant stole headlines in this week's FinTech funding rounds.

$140m BlueVoyant deal steals headlines in this week’s FinTech funding rounds

A $140m investment secured by cyber security firm BlueVoyant stole headlines in this week's FinTech funding rounds.
transaction

The role of AML and transaction monitoring

In a world where opportunities for financial crime lurk in every corner, the need for strong AML and transaction monitoring practices are vital.
In the dynamic realm of risk management, pivotal factors are reshaping the role of risk executives. Financial crimes compliance, a pivotal aspect of risk management, necessitates vigilance and innovative strategies. Among these, four key factors—Revenue, Cost, Ethics, and Regulation—stand as paramount forces propelling risk leaders into the future.

The four pillars shaping the future of risk management

In the dynamic realm of risk management, pivotal factors are reshaping the role of risk executives. Financial crimes compliance, a pivotal aspect of risk management, necessitates vigilance and innovative strategies. Among these, four key factors—Revenue, Cost, Ethics, and Regulation—stand as paramount forces propelling risk leaders into the future.
financial

The future of financial compliance: Agile management through automation

The landscape of financial regulations is ever-changing, posing a significant challenge for compliance in the financial services industry.
The London Market is on the precipice of a digital transformation, and one significant initiative propelling this change is the Core Data Record (CDR) introduced by Lloyds as part of the Lloyd’s Blueprint Two programme. This strategic move aims to standardise and streamline the collection of critical transaction data, marking a pivotal leap in market efficiency. InsurTech Novidea explains why CDR matters for London market brokers. 

Why CDR matters for London market brokers

The London Market is on the precipice of a digital transformation, and one significant initiative propelling this change is the Core Data Record (CDR) introduced by Lloyds as part of the Lloyd’s Blueprint Two programme. This strategic move aims to standardise and streamline the collection of critical transaction data, marking a pivotal leap in market efficiency. InsurTech Novidea explains why CDR matters for London market brokers. 

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