Industry News

RegTech company Know Your Customer gains two clients in Singapore

Know Your Customer gains two clients in Singapore

Digital onboarding solution developer Know Your Customer has announced two Singapore-based strategic clients, Volopay and Coda Payments.
How to identify the best ESRS solution for you

How to identify the best ESRS solution for you

The European Sustainability Reporting Standards (ESRS), which came into effect at the start of the year, brings significant changes to Environment, Social and Governance (ESG) related reports. The regulation brings new reporting requirements that can easily become complex if not using the right tools. The question is, what are the hallmarks of a good ESRS tool?
Quantexa

Quantexa widens Google Cloud partnership with marketplace availability

RegTech firm Quantexa has announced the global availability of its decision intelligence platform and solutions on Google Cloud Marketplace.  

SEC urged by Democrats to strengthen ESG fund regulations

Up to 21 congressional Democrats have called SEC chair Gary Gensler to expedite the finalization of a rule to ensure investment funds uphold transparency regarding ESG credentials.
RegTech

What is set to change in RegTech in 2023?

As the RegTech industry evolves, the sector looks towards new trends and developments that may impact it going forward. What are these? 
Kudos

Kudos raises $10.2m to boost AI-powered smart wallet services

Kudos, a Los Angeles, a provider of an AI-powered smart wallet service, has secured $10.2 million in Series A funding. According to Silicon Valley...
canopoius-to-offer-auto-coverage-in-us-virgin-islands

Canopius to offer auto coverage in US Virgin Islands

Canopius Group, a global specialty reinsurer, and Theodore Tunick and Marshall & Sterling, a broker for all lines of business and personal insurance, will offer admitted auto coverage to personal and commercial insureds in the US Virgin Islands in agreement with Samsung Fire and Marine Insurance (SFMI).
BaFin

N26 fined €9.2m by BaFin for late money laundering reports

BaFin has recently imposed a €9.2 million fine on German FinTech firm N26 due to anti-money laundering failures.
swiss-re-benekiva-team-up-for-digital-claims-management

Swiss Re and Benekiva team up for digital claims management

Swiss Re Reinsurance and Des Moines-based InsurTech Benekiva, have formed a strategic partnership to develop an end-to-end digital claims management solution.
ZTLment

ZTLment eyes European payments transformation with €2.4m pre-seed

ZTLment is making waves in the financial technology sector with its pioneering approach to compliant wallet infrastructure.

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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