Industry News

CISA

CISA charts forward: A 3-year plan to reinvent cybersecurity in the US

The US CISA has pulled the curtains off its Cybersecurity Strategic Plan for the financial years spanning 2024 to 2026.
Modives has announced a strategic partnership with Bindable aimed at providing a myriad of features designed to enhance property management and support owner-landlords via the Modives business solution.

NEXT Insurance unveils umbrella/excess liability coverage for SMEs

NEXT Insurance, a digital small business insurer, has launched its commercial umbrella/excess liability coverage.
EBA

European banks show strength and resilience in 2023 stress tests, EBA claims

European banks have shown resilience in the face of a tougher stress test, according to a new report from the EBA.

Stax Payments bolsters team with new CEO

US FinTech Stax Payments has appointed veteran payments executive Paulette Rowe as its new CEO. 
AML

Singapore’s single family offices to face strengthened AML controls

The MAS has initiated a consultation on a framework to bolster the surveillance and defence against ML risks in Singapore's SFO sector.
AML

How will tech-driven solutions drive the future of AML?

RegTech firm Flagright recently used to opportunity to detail what they believe is the changing landscape of AML. 
Hong Kong

Hong Kong, Saudi Arabia forge partnership for FinTech innovation

The Hong Kong Monetary Authority (HKMA) and the Saudi Central Bank (SAMA) have recently initiated a partnership.
fraud

Rising tide of fraud: UK losses surge to £593m in Q2 2023

In Q2 of 2023, the UK saw a rise in fraudulent activity with a loss of £593m, pushing the total stolen cash in the past year to almost £3.5bn.
Jericho

Jericho Security nets $3m to battle generative AI-driven phishing threats

Jericho Security, an artificial intelligence cybersecurity startup founded earlier this year, announced that it has secured $3m in funding.

USA dominates this week’s 22 FinTech funding rounds

USA dominated this week's FinTech funding rounds, with 15 of the 22 rounds, totalling 

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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