Industry News

Revolutionising claim handling: iAAH integrates Mitchell’s advanced solutions

Industrial Alliance Auto and Home Insurance (iAAH), a premier provider of multiple insurance lines including auto, property, casualty, and liability insurance, has announced its collaboration with Mitchell, an Enlyte company.

Generative AI meets underwriting in Send Tech’s new Smart Submission

Leading InsurTech firm, Send Technology Solutions, widely recognised for its innovative solutions in the insurance industry, has announced the launch of its newest product, Smart Submission.

Mastercard joins forces with Dubai’s DET for innovative Digital City Partnership

The Department of Economy and Tourism (DET) of Dubai and Mastercard, a front-runner in payment innovation globally, have inked an innovative Memorandum of Understanding. The pivotal Digital City Partnership will further bolster Dubai's economic expansion in line with the ambitious Dubai Economic Agenda, D33.

Meadow Lark Agency and OTR Solutions Collaborate to Innovate Carrier Payment Systems

Meadow Lark Agency, an asset-based 3PL company, and OTR Solutions, a factoring and trucking technology firm based in Atlanta, have joined forces to enhance Meadow Lark's carrier payment systems.

EverQuote’s strategic move away from health insurance vertical to boost financial performance

EverQuote, a leading player in the online insurance marketplace and listed on Nasdaq, is making strategic changes to its business operations. The company, known for connecting insurance shoppers directly with providers across various insurance types, has announced its decision to exit the health insurance vertical.

Visa plans $1bn acquisition of Pismo to expand core banking and issuer solutions

Visa, a global leader in digital payments, has signed a definitive agreement to acquire Pismo, an operational cloud-native issuer processing and core banking platform in Latin America, Asia Pacific, and Europe.
Operationalising ethical AI: The strategic drive of the DIU

Operationalising ethical AI: The strategic drive of the DIU

In a strategic move, the Defense Innovation Unit (DIU), an organisation established to foster the incorporation of commercial technology within the Department of Defense...
idex-biometrics-and-beautiful-card-corporation-ramp-up-biometric-smart-card-production-in-asia

IDEX Biometrics and Beautiful Card Corporation ramp up biometric smart card production in Asia

IDEX Biometrics, a global leader in fingerprint biometrics, has entered into a collaboration with Beautiful Card Corporation (BCC), one of the world's leading smart card manufacturers, to increase the distribution of biometric smart cards in Asia.
China finalises Ant Group's regulatory overhaul with hefty fine

China finalises Ant Group’s regulatory overhaul with hefty fine

The Chinese authorities levied a hefty fine of $984m on Ant Group for breaching consumer protection and corporate governance laws, according to a report from Reuters.

20 startups shape the future in Google’s 7th Startups Accelerator series

Google, a global tech giant renowned for its internet-related services and products, has heralded the commencement of its seventh Google for Startups Accelerator.

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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