Industry News

Rivero

Swiss FinTech Rivero secures $7m in Series A for payment solutions expansion

Rivero, a Swiss FinTech specialising in digital payment processing solutions, has successfully closed a $7 million Series A funding round.
MagMutual-insurance-acquired-mdadvantage-insurance-company

MagMutual Insurance acquires MDAdvantage Insurance

MagMutual Insurance Company, a provider of medical professional liability insurance, has completed its acquisition of MDAdvantage Insurance Company of New Jersey.
Pismo

Visa expands payment solutions with pioneering acquisition of Pismo

Visa has announced the acquisition of Pismo, a trailblazing firm renowned for its cloud-native issuer processing and core banking platform.
RegTech

The RegTech trends to watch out for in 2023

Since the onset of the Covid-19, the RegTech sector has witnessed a period of growth, with further growth expected going forward. What can be expected to happen in 2023?
Flowdesk

Flowdesk secures €46M in Series B to pioneer digital asset trading

Paris-based Flowdesk, a beacon in the FinTech industry, announced a significant milestone by raising €46m in Series B funding.
Jellyvision-in-picwell-takeover-for-employee-benefits

Jellyvision in Picwell take-over for employee benefits

Jellyvision, a software company that develops employee benefits engagement technology, has acquired healthcare technology company Picwell.
Python in insurance: Paving the way for actuaries and insurers

Python in insurance: Paving the way for actuaries and insurers

The insurance sector, traditionally slow in embracing modernisation, is progressively adopting programming languages to refine workflows and bolster decision-making capabilities. Among these, Python has...
Assurant-bolsters-partnership withavenue5-to-provide-renters-insurance

Assurant bolsters partnership with Avenue5 to provide renters insurance

Assurant, a global business services company that supports, protects and connects major consumer purchases, has partnered with Avenue5 Residential to provide renters insurance.
EBA seeks input on hedge standards for banking sector

EBA seeks input on hedge standards for banking sector

The European Banking Authority (EBA) has initiated a public consultation regarding its draft Regulatory Technical Standards (RTS) focused on the criteria for identifying hedging instruments that mitigate residual risk.
Climate change, cost of living & geopolitics among top points at Davos

Climate change, cost of living & geopolitics among top points at Davos 2023

Leaders of governments, businesses and NGOs met last week at the World Economic Forum, which was hosted in Switzerland. Topping their concerns were climate change, cost of living and geopolitics.

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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