Industry News

FCA

FCA Reviews Trading Apps

The FCA has published findings from a study which indicates the use of digital engagement practices (DEPs) by trading apps can influence user behaviour, increasing trading frequency and risk-taking among consumers.

Verituity Secures $18.8M for Payouts

Verituity, a innovator in the realm of intelligent, verified payouts, has successfully closed a significant funding round of $18.8m.
fraud

Tietoevry Stops Digital Fraud

Tietoevry Banking has blocked fraud attempts worth approximately NOK 2.7bn in 2023, as revealed in their latest "Payment Fraud Report."
CSRD

Greenomy Facilitates CSRD Reporting

On January 5th, 2023, the CRSD was introduced, superseding the NFRD and expanding its reporting requirements.
AML

FinCEN’s Latest AML Requirements

Compliance officers in the asset management sector are pivotal, often having to juggle multiple responsibilities.
sustainable

Driving business success through sustainable collaboration and innovation

The journey towards sustainability within businesses is increasingly viewed not just as a compliance requirement, but as a crucial element of strategic advantage.
Huize makes strategic move into Vietnam with Global Care acquisition

Huize makes strategic move into Vietnam with Global Care acquisition

Huize Holding Limited, a leading insurance technology platform in Asia, has acquired Global Care Consulting Joint Stock Company, a pioneering InsurTech company in Vietnam, specializing in digital transformation solutions for the insurance industry.
Fortegra expands reach: New license enables operations across Belgium and EU

Fortegra expands reach: New license enables operations across Belgium and EU

Fortegra Group, a global specialty insurer and part of Tiptre, has officially received clearance to extend its operations to Belgium and the European Union.
AI

How AI is set to transform client services and profitability in banking

Citi has unveiled a new report, AI & Finance: Bot, Bank & Beyond, exploring the transformative potential of AI in the banking sector.
TBC

Uzbek mobile bank TBC gains $10m credit to promote financial inclusion

Uzbek mobile bank TBC, a subsidiary of the TBC Group, has secured a $10m credit facility from impact investment firm responsAbility. According to Finextra...

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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