Yonder implements GoCardless’ variable recurring payments
Yonder, a rewards credit card company, has strengthened its partnership with GoCardless, a global leader in direct bank payments.
The future of KYC: Adapting to new challenges in the banking sector
Fenergo's recent webinar, 'KYC, AML, & Onboarding in 2023 – Were Lessons Learned or Do Old Habits Die Hard?', brought together compliance experts to delve into findings from research on over 1100 executives from global banks. This study, encapsulated in the report 'KYC in 2023', reveals a significant 17% rise in the average cost of KYC (Know Your Customer) reviews, accompanied by an 11-day increase in their duration over the past year.
Solid week for FinTech deals with 28 recorded
A total of $459m was raised across all the FinTech deals that were recorded this week by FinTech Global. Leading the way of all the...
Fidelity rolls out two Article 9 funds amid sustainable investment surge
Fidelity has expanded its investment line-up with the introduction of two new funds classified as Article 9 under the EU's SFDR.
FinTech Neo marks €10bn milestone amidst banking diversification wave
Neo disclosed today that it has successfully cleared over €10bn through its innovative corporate multi-currency accounts.
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Betterview launches AI-powered roof age solution for P&C insurers
Betterview, an InsurTech that provides property risk intelligence, has launched an AI-powered roof age solution to support property and casualty (P&C) insurers.
Navigating the regulatory minefield: Record fines highlight 2023’s compliance challenges
In 2023, the global regulatory landscape unveiled a startling revelation as fines imposed by authorities exceeded a colossal $10.5bn. This figure not only reflects the stringent enforcement actions but also spotlights the emerging areas of regulatory scrutiny.
Chinese authorities set to intensify financial corruption crackdown
Chinese authorities have warned the country’s top bankers that the crackdown on the industry ‘is far from over’ in a recent private meeting.
RBA releases use cases for pilot of CBDC in Australia
The Reserve Bank of Australia (RBA) has announced a collaboration with the Digital Financial Cooperative Research Centre (DFCRC) on a research project to explore potential use cases of CBDC in Australia.
Tesla Insurance reveals strong growth
Tesla Insurance has reportedly revealed its Q4 2022 results which indicate that the business is growing.