Industry News

Singapore

Singapore strengthens anti-money laundering measures amid evolving threats

Singapore has announced findings of its updated ML NRA, which reflects its commitment to fortifying its AML framework in response to global risks.
The shift from spreadsheets to advanced data solutions in asset management

The shift from spreadsheets to advanced data solutions in asset management

The latest survey conducted by Northern Trust, involving 300 global asset management firms, has unveiled a notable shift towards prioritizing product quality and accuracy. Unlike the previous year, a significant majority of asset managers (72%) are now focusing on enhancing their product strategies, which includes improving distribution methods, data management, and outsourcing functionalities.
Japan

Japan cracks down on social media scams with enhanced ad screening measures

The Japanese government, led by Prime Minister Fumio Kishida, has resolved to combat the escalating issue of fraudulent advertisements on social media.
Bloomberg

Bloomberg launches new CSRD data offering for enhanced ESG reporting

Bloomberg has announced a significant expansion in its service offerings with the launch of a new data product specifically designed for ESG reporting. This innovative...
Avaloq launches OpenWealth standard at LGT, boosting asset manager services

Avaloq launches OpenWealth standard at LGT, boosting asset manager services

LGT, the international private bank of the Princely House of Liechtenstein, in collaboration with Avaloq and Synpulse8, has introduced the OpenWealth API standard to enhance its business with financial intermediaries.
Australia

Australia’s sustainable finance roadmap aims to mobilize private capital for net zero

The Australian government has outlined a key update to its sustainable finance structure with the release of its latest Sustainable Finance Roadmap.
Dual reporting: Mastering electricity emissions with LB and MB methods

Dual reporting: Mastering electricity emissions with LB and MB methods

Navigating the complexities of new regulations while aligning your company's electricity emissions reporting with the Greenhouse Gas Protocol can be a challenging task. However, a streamlined solution known as dual reporting simplifies this process. By adopting both location-based (LB) and market-based (MB) methods, companies not only comply with the GHG Protocol Standard but also enhance their sustainability profiles.

CompScience unveils SafetyBriefAI app to transform site safety for insurance brokers

CompScience Insurance Services recently unveiled its latest product, the SafetyBriefAI App, designed to enhance job-site safety for insurance brokers.
PQShield

Addition leads $37m Series B investment in cybersecurity firm PQShield

PQShield, a cyber company that specialises in quantum-resistant cryptographic solutions, has completed a $37m Series B funding round.

Switzerland embraces self-regulation over greenwashing in finance

Switzerland’s Federal Council has made the decision to hold off on imposing regulatory measures on greenwashing within the financial sector.

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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