Industry News

This week saw a relatively strong week for FinTech funding, with up to $963m in investment recorded by deals reported by FinTech Global.

The Markets in Crypto-Assets Regulation (MiCA) is setting a precedent, crafting a well-structured framework for regulating crypto-assets throughout the European Union (EU) which are not yet encased by current financial services legislations. 

FinTech and InsurTech are rapidly evolving, consistently introducing game-changing technologies, among which embedded AI and generative AI stand prominently. These advancements aren’t mere buzzwords but rather critical tools altering the landscape of commercial and specialty insurance, particularly in the realms of underwriting and customer experience.

In an exemplary move to uplift the "social" component within the Environmental, Social, and Governance (ESG) framework, the Canadian Parliament, in May 2023, passed Bill S-211.

The ESG100 report casts a spotlight on a notable disparity in company preparedness for complying with the upcoming European Sustainability Reporting Standards (ESRS).

Mobile apps have become indispensable tools for insurance agents, revolutionising their workflows and boosting customer service. Among the valuable features that insurance agent apps offer, the ability to scan ID documents on the go stands out. Scanbot SDK explores the advantages of mobile document scanning for insurance professionals and how you can seamlessly integrate it into your app.

MSCI has declared its intention to buy Trove Research, a firm specialising in data, analysis, and advisory within the carbon market domain.

NatureFinance has unveiled its guidance designed for financial institutions to aid in identifying and assessing nature-related risk

A recent survey by PwC disclosed an apparent vacuum in the comprehension of ESG risks within numerous corporate boardrooms.

In a recent development highlighted by the FMA, Kiwibank has been mandated to pay a civil penalty amounting to $812.5m.