MAS penalises Singaporean bank branch S$1m for fraud, terrorism failures
The Monetary Authority of Singapore (MAS) has imposed a penalty of S$1m on a Singapore-based bank branch for not complying with its anti-money laundering and terrorism financing acts.
Unqork bags $80m in Series B funding round led by Alphabet’s CapitalG
The scaleup Unqork has announced the closure of a $80m Series B funding round to finance expansion into new markets.
Philippines banks rally behind BSP’s sustainable finance measures
The Bangko Sentral ng Pilipinas (BSP) has announced significant regulatory changes to promote green and sustainable financing.
Artex EMEA strengthens team with addition of Bee Insurance’s Simon Camilleri as executive director
Artex EMEA, a global insurance manager, has integrated the team from Malta-based Bee Insurance Management Ltd., to continue its global expansion journey.
SlimPay to expand account-to-account payments through Tink
Payments firm SlimPay and open banking platform Tink have teamed up to provide merchants access to open banking powered account-to-account payments.
Bunq, Volt partner to bolster open payment technology
Dutch challenger bank Bunq has partnered with London-based payments company Volt to provide a faster way for Bunq customers to transfer money from other accounts.
ID Finance plans new equity round on Crowdcube
Spanish credit scoring and risk management system developer ID Finance is looking to raise money on Crowdcube, the crowdfunding platform.
Sustainable banking on the rise: 73% of banks embrace ESG propositions by 2028
A recent Economist Impact report for Temenos highlights a significant shift in the banking sector towards ESG propositions.
Why effective claims management is crucial for insurance companies
Claims management is a vital function within the insurance industry, focusing on the resolution and processing of claims made by policyholders. By optimising this process, insurers aim to handle claims more swiftly, reduce instances of fraud, and maintain regulatory compliance. Comarch delves deeper into what makes claims management so critical for insurers.
UK bank branch sharing project set to be prolonged
A pilot project involving bank branches being shared by multiple financial institutions is set to be rolled out across the UK, Finextra have claimed....
© FinTech Global © Copyright 2024. All rights reserved.
