Industry News

BeZero

BeZero Carbon sets up influential advisory board to boost carbon market confidence

BeZero Carbon has formed an Advisory Board aimed at providing independent advice and guidance to bolster the burgeoning carbon markets.

Report reveals environmental benefits of digital payments in Europe

A recent white paper by Oxford Economics has revealed digital payments are significantly less harmful to the environment than traditional cash transactions.
https://www.morningstar.com/business/campaigns/data-network-for-wealthtechs

Transforming wealth management: The ByAllAccounts data network revolution

In today's competitive environment, wealth management firms are increasingly relying on specialty tech solutions, selecting the most effective tools to craft optimized and comprehensive systems.
How the ECCTA is reshaping costs for UK financial institutions

How the ECCTA is reshaping costs for UK financial institutions

In October 2023, the UK implemented the Economic Crime and Corporate Transparency Act (ECCTA), setting stringent identity verification (IDV) mandates for shareholders, directors, and persons of significant control (PSCs). This legislation, crafted to enhance the integrity of company data at Companies House, represents a significant pivot towards more rigorous corporate governance.
DORA

How should RegTechs be preparing for DORA?

The DORA is a EU regulation that entered into force on 16 January 2023 and is currently set to apply as of 17 January 2025.
Mashreq leads with new API-enabled instant payment services in UAE

Mashreq leads with new API-enabled instant payment services in UAE

Mashreq, a prominent financial institution in the MENA region, has recently introduced a cutting-edge API-enabled instant payments service for its corporate and institutional clients.
Ascend

Ascend Money raises $195m to drive financial inclusion in Thailand

Ascend Money, Southeast Asia's homegrown FinTech company, has successfully secured a significant investment totalling $195m.
ASIC

Strengthening business communication supervision in Australia’s financial sector

The ASIC is stepping up its call for enhanced oversight of business communications among authorised representatives.
HCLTech and IBM team up to enhance AI capabilities with new Center of Excellence

HCLTech and IBM team up to enhance AI capabilities with new Center of Excellence

HCLTech and IBM have unveiled a new Generative AI Center of Excellence (GenAI CoE) to offer tailored AI solutions.
Napier AI’s call for smarter CDD practices in HM Treasury’s latest consultation

Napier AI’s call for smarter CDD practices in HM Treasury’s latest consultation

Napier AI has responded to a consultation from HM Treasury, the UK government's economic and finance ministry, on enhancing the effectiveness of the Money...

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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