Monzo eyeing expansion with potential Lunar acquisition
As the digital banking landscape continues to evolve, British-based Monzo Bank has entered preliminary discussions about a potential acquisition of the Nordic lender, Lunar Group. This information was relayed by an anonymous source privy to the ongoing talks.
ESMA initiates first crypto regulation consultation
The European Securities and Markets Authority (ESMA), the top regulator and supervisor of the European Union’s (EU) financial markets, has issued its inaugural consultation package under the framework of the Markets in Crypto-Assets Regulation. Stakeholders are invited to share their views until 20 September 2023.
Jenius Bank pioneers personal loans as its initial product launch
Jenius Bank, the digital banking arm of Manufacturers Bank, a state chartered commercial bank based in California and wholly owned subsidiary of SMBC Americas, a member of the global powerhouse SMBC Group, has announced the release of its very first consumer product – personal loans.
AU10TIX revolutionises ID checks with innovative App launch
The global identity verification titan, AU10TIX, is pioneering once again, now venturing into the mobile application market. Known for its dominance in identity verification and management technology, AU10TIX now introduces an innovative solution to help consumer-facing businesses automate and accelerate their identity and age verification processes.
Innovation Endeavors leads seed round, bolstering Trunk Tools with $9.9m
Trunk Tools, a financial technology (FinTech) start-up specialising in the construction industry, has launched its operations with a bang. The New York-based firm aims to address the persistent skilled labour shortage in the sector by enabling faster payment processing for construction workers.
Hourly.io teams up with Nationwide to revamp workers’ comp with real-time data
Hourly.io, an ambitious startup aimed at revolutionising the workers' comp landscape for businesses employing hourly and mobile workers, has forged a strategic partnership with Nationwide, a prominent provider of insurance and financial services.
Prudential and Nayya: A Strategic Partnership Boosting AI-Powered Benefits Decisions
Prudential Financial, a leading global financial services leader, and Nayya, a pioneer in the benefits experience platform, have announced a strategic partnership. This alliance aims to utilise artificial intelligence and data science to enhance the decision-making process of employees regarding workplace benefits.
Distributed Ventures earmarks $100m for InsurTech, FinTech, and HealthTech investments
Early-stage venture capital firm, Distributed Ventures, has just made a big splash with the conclusion of its initial fund under the company's name. This firm, with its focus on InsurTech, FinTech, and HealthTech ventures, is making waves in the sector with its innovative approach to early-stage investments.
Certificial reels in $15m in latest funding round led by Nyca Partners
Certificial, creator of the Smart COI Network, pioneers in the field of business insurance monitoring, have confirmed the acquisition of $15m of funding led by Nyca Partners.
HM Treasury’s Digital Securities Sandbox: A new chapter for UK FinTech?
The UK government treasury has recently published a consultation document for its Digital Securities Sandbox (DSS).