Industry News

IRS

A comprehensive guide to the 2023 revisions of Form 1042-S by the IRS

On March 3, 2023, the Internal Revenue Service (IRS) rolled out new instructions for the 2023 version of Form 1042-S.
Bridgehaven

Bridgehaven, distriBind link to reshape UK commercial specialty market

Bridgehaven has linked with distrbind to facilitate the former's aim to write a diverse range of commercial specialty business in the UK.
workforce

Why the rising cost-of-living crisis is draining workforce productivity

Zellis, the HR and payroll specialists, disclosed that 77% of UK and Ireland's workforce have been under financial stress in the past year.
HiddenLayer

AI security firm HiddenLayer secures $50m in Series A raise

HiddenLayer, a foremost security provider for AI models and assets, has successfully raised a staggering $50m in a Series A funding round.
Theta Lake

How RingCentral and Theta Lake are transforming communication security

Theta Lake and RingCentral enhanced their relationship. Looking towards the future, how are the two firms transforming comms security?
For many insurers, providing a satisfactory customer experience is at the forefront of their ambitions. One such InsurTech is Usher, who prides themselves on their industry-leading solution, Customer Experience Automation (CXA) platform. But why is this solution so groundbreaking? And can it be the silver bullet many carriers need?

How Ushur is pioneering the future of InsurTech with advanced CXA

For many insurers, providing a satisfactory customer experience is at the forefront of their ambitions. One such InsurTech is Usher, who prides themselves on their industry-leading solution, Customer Experience Automation (CXA) platform. But why is this solution so groundbreaking? And can it be the silver bullet many carriers need?
Muinmos

Muinmos, TConsult partner to streamline digital investor tax declarations

Muinmos and TConsult, two prominent entities in the financial sector, have inked a deal focusing on digital tax solutions.
Singapore

Singapore government amplifies AML tactics with inter-ministerial panel

In a move to fortify its AML mechanisms, Singapore is establishing an inter-ministerial committee to safeguard its financial systems.
basel

Basel Committee advocates for reinforced banking supervision

The Basel Committee has put forth a stern call for substantial enhancements in banking supervision, emphasising the necessity of vigilant oversight of banks with unsustainable business models, which it referred to as "outlier" banks.
FMA

Kiwibank faces substantial $812.5k penalty amidst FMA scrutiny

In a recent development highlighted by the FMA, Kiwibank has been mandated to pay a civil penalty amounting to $812.5m.

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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