Exits

Thousands of Californians are on the brink of losing their home insurance this summer as two major insurers, Tokio Marine and Trans Pacific Insurance, announce their exit from the state.

California homeowners face insurance crisis as Tokio Marine and Trans Pacific exit

Thousands of Californians are on the brink of losing their home insurance this summer as two major insurers, Tokio Marine and Trans Pacific Insurance, announce their exit from the state.
pension

The digital dawn of pension planning in the UAE

Pension planning in the UAE is at a time of take-off. WealthTech firm Kidbrooke recently took the opportunity to delve into the topic.
Bitcoin

Is 2023 the year of Bitcoin’s death?

A blogpost by European Central Bank representatives has remarked that the current turmoil being seen in the crypto markets is ‘Bitcoin’s last stand’. 
Bank North

Bank North set to wind down following Series B failures

UK-based neobank Bank North has gone bust after the company failed to raise a new funding round.
Private equity firm FPL Partners exits Accordion

Private equity firm FFL Partners exits Accordion

Private equity firm FFL Partners has exited its position in Accordion, a private equity-focused FinTech consulting firm, selling its shares to Charlesbank Capital Partners.
qenta_inc acquires Noble Money in mission for financial inclusion

Qenta acquires Noble Money in mission for financial inclusion

Qenta, a financial infrastructure platform, has acquired Noble Money, an international remittance platform, to improve financial inclusion in emerging markets.

Google to purchase Mandiant in blockbuster $5.4bn deal

Google is set to acquire cybersecurity firm Mandiant in an all-cash deal that is being valued at $5.4bn.

RegTech company Ideagen accepts $1.3bn acquisition offer

GRC software management solutions developer Ideagen has agreed to a £1.05bn ($1.3bn) acquisition offer from private equity firm Hg Pooled Management.

PayTech TreviPay acquires Baton in undisclosed deal

TreviPay, a payment and credit management firm for B2Bs, has snapped up fellow PayTech Baton Financial Services for an undisclosed fee.

Madison Dearborn Partners buys MoneyGram for $1.8bn

Chicago-based private equity firm Madison Dearborn Partners has acquired MoneyGram International, a digital P2P payments company, in a $1.8bn deal.

News Stories

The $bn water risk problem insurers can no longer ignore

The billion dollar water risk problem insurers can no longer ignore

Water damage remains one of the most underestimated risks facing modern buildings, creating significant challenges for insurers, property owners and facilities managers as hidden...
FinTech

Investors turn up the heat with $1.9bn raised in FinTech this week

Across the 19 deals reported on by FinTech Global this week, there was a grand total of $1.95bn raised by FinTech firms, reflecting a...
Why banks can't afford years-long payments overhauls

Why banks can’t afford years-long payments overhauls

Payments modernisation has become the defining boardroom debate in banking, and according to Tieto, the banks that move in months rather than years will...
Why the annual review may become a premium service

Why the annual review may become a premium service

The annual review is itself under review, and according to WealthTech provider Ortec Finance, the commercial consequences could be profound. The Financial Conduct Authority's consultation...
Why affidavits of unchanged status matter for W-8 compliance

Why affidavits of unchanged status matter for W-8 compliance

Firms handling cross-border payments face mounting pressure to keep payee documentation accurate, and according to compliance specialist Comply Exchange, affidavits of unchanged status are...

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