Industry News

GenAI

How will risk management practices evolve in the Gen AI era?

The introduction of Gen AI has changed the game in countless ways. Industries that believed they were attuned to the long-term development of their...
eComms

eComms are in the regulatory spotlight – is your firm ready to stand up...

MyComplianceOffice (MCO) recently took a deep dive into the topic of eComms regulation and whether businesses are ready for it.
Peppermint Innovation secures A$1.1m for AI and customer experience advancements

Peppermint Innovation secures A$1.1m for AI and customer experience advancements

Peppermint Innovation, an ASX-listed FinTech company, has successfully raised AUD $1.102m in a recent funding round. The investment came through a placement to sophisticated and...
CTERA secures $80m from PSG Equity to enhance its hybrid cloud data platform

CTERA secures $80m from PSG Equity to enhance its hybrid cloud data platform

CTERA, a renowned leader in hybrid cloud data management, today announced a significant financial boost, securing $80m in a mix of primary and secondary funding from PSG Equity.
MAS

MAS encourages engagement over divestment in net zero transition

The Monetary Authority of Singapore (MAS) has issued consultation papers outlining guidelines for net zero transition planning for FIs. 
klarna-reports-1bn-annual-loss

Klarna reports $1bn annual loss

Klarna has reportedly suffered its biggest annual loss totalling $1bn, but its company is certain it is on track to return to profitability.
compliance

Decoding algorithmic bias: Essential knowledge for today’s compliance officers

Flagright recently outlined some of the key reasons why it is key for compliance officers to demystify algorithmic bias.
Blink

Blink Parametric and GetCover revolutionise travel insurance with real-time solutions

Blink Parametric has partnered with Newpoint's GetCover.com, a pioneer of online direct-to-consumer travel insurance.
ESMA calls for new voices in European Capital Markets

ESMA calls for new voices in European Capital Markets

The European Securities and Markets Authority (ESMA), the regulator and supervisor for the EU's financial markets, is currently on the lookout for new members to join its Securities Markets Stakeholder Group (SMSG).
France-slaps-ClearviewAI-€20m-fine-facial-recognition

France slaps ClearviewAI with €20m fine

France has issued a €20m fine on US-based facial recognition firm Clearview AI for breaching privacy laws.

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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