Industry News

Consumer

Consumer Duty takes effect: A new era of protection in financial services?

Consumer Duty, a set of new rules aimed at enhancing consumer protection in the financial services sector, has come into force.
Nagad

Nagad becomes Bangladesh’s fastest-ever Unicorn startup

A mobile money carrier app known as Nagad, has become the fastest company to be honoured as a unicorn startup in the nation’s history. 
Aarna

Aarna Capital appoints EDBs innovative digital banking system

European Depositary Bank (EDB) has partnered with Aarna Capital Limited to deliver the firm’s pioneering digital banking solutions. 
Pen

Pen Underwriting launches new UK division to drive growth

Pen Underwriting has recently announced changes to its divisional structure as it aims to continue its growth.  
WTW

WTW launches new tool to boost board-level climate skills

WTW has launched its latest tool aimed at promoting alignment between board members and management on climate action. 
Deciphering the fusion of AI and human expertise in Risk Management and KYC compliance

Deciphering the fusion of AI and human expertise in Risk Management and KYC compliance

The ongoing AI revolution is indisputably transforming risk management and customer identification processes (KYC), even though human input remains pivotal to these functions.
Concirrus

Concirrus partners with Insurity to develop data models for marine insurers

Concirrus has announced a new partnership with Insurity that will see it deliver unique predictive data models for marine insurers. 
QuoIntelligence

Frankfurt’s QuoIntelligence nabs €5m to boost cybersecurity across Europe

German threat intelligence provider QuoIntelligence has bagged €5m in a seed round headed by eCAPITAL Entrepreneurial Partners.
Vanguard

ASIC launches suit against Vanguard over fossil fuel ties in ethical fund

The ASIC has begun court action against Vanguard Investments Australia, accusing it of making misleading claims about its ESG funds.

New enhancements in AML screening profiles within KYC Portal

As part of its continuous efforts to enhance data orchestration within Know Your Customer (KYC) parameters, KYC Portal is launching a new feature designed...

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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