Company News

Custodia

Custodia forecasts 2024 compliance challenges in FinTech

Custodia has critically evaluated the upcoming challenges in the financial services sector, pinpointing key compliance obstacles expected in the next year.

Sightline Payments becomes ‘Nevada’s first FinTech unicorn’ after latest funding round

Las Vegas-based company that offers digital payments tools in the sports betting and casino gaming market, Sightline Payments completed a $244m funding round valuing it at over $1bn.

Nations rally for sustainability with ISSB standards adoption

In a move towards greater sustainability, nations across continents are laying the groundwork for a new era of financial transparency.
liwwa

Jordanian FinTech liwwa bags $18.5m pre-Series B

Liwwa, a peer-to-peer lender, has raised $18.5m pre-Series B round of equity and debt funding.

Aon looks to boost cyber insurance operations with new deal

Aon, a risk, retirement and health solutions provider, has acquired Canadian cybersecurity platform Cytelligence.
The European InsurTech deals sector suffered a sharp downturn in fortune in 2023, but the United Kingdom (UK) remained the pre-eminent force on the continent.

European InsurTech deals suffer decline but UK still leads the way

The European InsurTech deals sector suffered a sharp downturn in fortune in 2023, but the United Kingdom (UK) remained the pre-eminent force on the continent.

Indonesian financial authority unveils digital banking regulatory framework

Indonesia’s Financial Services Authority (OJK) has introduced a regulatory framework for digital banks in its updated commercial banking regulations.

How regulatory changes and tech advances are reshaping compliance surveillance

The 2024 Surveillance Benchmarking Survey & Report from 1LoD, co-sponsored by MCO, unveils significant insights derived from thousands of discussions with surveillance leaders within the financial services sector.
Planck

Planck snaps up $23m in funding

Planck, a provider of an AI-powered data and analytics platform for insurance, has raised $23m in funding.  

Mitek releases new spoof-proof identity verification service

Digital identity verification platform Mitek Systems has created a new ‘spoof-proof’ facial comparison solution and it only requires one selfie.

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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