Industry News

audit

The role of AML audits in enhancing regulatory compliance

In a recent post by Alessa, the firm outlined the role of AML audits in enhancing regulatory compliance at companies. 
CTERA secures $80m from PSG Equity to enhance its hybrid cloud data platform

CTERA secures $80m from PSG Equity to enhance its hybrid cloud data platform

CTERA, a renowned leader in hybrid cloud data management, today announced a significant financial boost, securing $80m in a mix of primary and secondary funding from PSG Equity.
MAPFRE leaps ahead in sustainability: A 26% reduction in global carbon footprint

MAPFRE leaps ahead in sustainability: A 26% reduction in global carbon footprint

In honour of World Environment Day, MAPFRE has launched an ambitious decarbonisation plan spanning across its operations in 25 countries.
Akur8 and Mutual Capital Analytics partner to revolutionize insurance pricing with AI

Akur8 and Mutual Capital Analytics partner to revolutionize insurance pricing with AI

Akur8 and Mutual Capital Analytics have announced a strategic partnership aimed at transforming insurance pricing through advanced, AI-driven technologies.
GenAI

What changes will GenAI bring to risk management?

The introduction of GenAI has recently brought wide-ranging and disruptive change to a vast range of industries.
guidewire-selected-by-texas-mutual-cloud-tech

Texas Mutual and Guidewire: Transforming the insurance industry with cloud technology

Texas Mutual Insurance Company, the premier provider of workers' compensation insurance in Texas, and Guidewire, a renowned software provider, have proudly announced their successful deployment of Guidewire InsuranceSuite on Guidewire Cloud.
Legacy

Legacy tech set to cost banks $57.1bn by 2028

A study from IDC Financial Insights forecasts global banks are on track to spend $57.1bn on legacy payments technology in 2028.
IPSASB

IPSASB unveils first climate-related public sector reporting standard

The International Public Sector Accounting Standards Board (IPSASB) has developed a new climate-related disclosure standard.

The indispensable role of threat and risk analysis

Facing the interconnected and complex financial ecosystems of today, financial institutions are grappling with regulatory compliance and financial crime prevention.
X1

Robinhood expands into credit sector with $95m acquisition of X1

Robinhood, a stock trading app, has struck a deal to acquire X1, an innovative credit card startup, for a significant $95m cash settlement.

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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