Industry News

MAS

MAS’s new powers set to reinforce Singapore as global financial hub

The MAS has been granted broader investigative and supervisory authorities over the finance sector, following the passage of a new Bill in Parliament. According to...
cloud-native-insurance-platform-novidea-experiences-strong-growth-in-2022

Cloud-native insurance platform Novidea experienced strong growth in 2022

Novidea, a creator of the data-driven, cloud-native insurance platform that enables brokers, agents, and MGAs to reduce costs and drive growth across the distribution lifecycle, has achieved significant growth milestones in 2022.
AI

US leads historic UN Resolution to democratise artificial intelligence

The United States has taken a pioneering role at the United Nations with its proposal for the first-ever resolution focused on AI.
report-calls-for-common-approach-to-climate-change-risk-modelling

Report calls for common approach to climate change risk modelling

The Catastrophe Resiliency Council and The Lighthill Risk Network have released a preeminent report on climate change risk modelling.
Worth AI launches innovative AI platform to transform business credit scoring

Worth AI launches innovative AI platform to transform business credit scoring

Worth AI, a pioneering FinTech Software as a Service (SaaS) startup, officially announced the launch of its groundbreaking artificial intelligence (AI)-powered risk management and underwriting platform today.
The UK's FCA will tackle competition in trade market data

The UK’s FCA will tackle competition in trade market data

The UK’s Financial Conduct Authority (FCA) has announced it will tackle competition problems with the trade market data.
FinTech

FinTech records a quiet week with 20 deals

The FinTech sector has recorded its second week of investment below $500m across 20 deals reported on by FinTech Global. Up to $434m was recorded...
Syndio

Syndio joins London Stock Exchange Issuer Services Marketplace

Syndio, a workplace equity platform provider, has joined the LSE Issuer Services Marketplace to expand the ESG tools available.

NewRetirement clinches $20m in Series A to transform financial planning

NewRetirement, a financial planning platform for consumers and enterprise partners, has successfully closed its Series A funding round.
home-insurer-hippo-authorises-stock-repurchase-programme

Home insurer Hippo launches $50m stock repurchase programme

Hippo, a home insurance group focused on proactive home protection, has authorised a stock repurchase programme for up to $50m of its common stock.

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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