Industry News

Cytora and Aircraft Bluebook Join Forces to Revolutionise Aviation Insurance Risk Assessment

Cytora, a leading digital risk processing platform, and Aircraft Bluebook, renowned for providing aircraft valuation and data solutions, have recently revealed a strategic collaboration. This alliance is poised to enrich aviation insurance underwriters' capabilities with an amplified understanding of aviation risks.

Howden’s grand play: Acquires Media Insurance Brokers to boost media and entertainment offering

International insurance broker, Howden, has recently announced its acquisition of Media Insurance Brokers International Limited (MIB), a leading independent UK and Irish film and television broker.

FCA pushes for higher standards in InsurTech following complaints increase

The Financial Conduct Authority (FCA) has recently underscored the need for improved practices in the home and motor insurance sectors. This comes in the wake of an upswing in complaints about insurance claims handling and the treatment of vulnerable customers.

Jaguar Land Rover and Allianz Partners rev up insurance market with Simply Drive launch

British luxury automaker, Jaguar Land Rover (JLR), and multinational insurance company, Allianz Partners, have joined forces to introduce a new scheme, named Simply Drive.

Estafsar and Al Wataniya Partnership Aims to Bolster Egypt’s InsurTech Scene

Estafsar, Egypt's foremost InsurTech provider, and Al Wataniya, an established insurance company in the nation with notable success across diverse insurance categories since 2020, have announced their official partnership.

Blockchain-based reinsurer Re joins hands with VIPR to redefine reinsurance transparency

Re, the innovative reinsurer employing blockchain, has announced a strategic partnership with VIPR Solutions ('VIPR'). This partnership aims to heighten security, streamline processes, and improve transparency by interlinking MGAs, underwriters, and reinsurance brokers with capital on-chain.
Revolutionising risk and compliance: How large language models combat financial crimes

Revolutionising risk and compliance: How large language models combat financial crimes

There's a revolution happening in the world of technology, and it's making waves in our society. AI Large Language Models (LLM), such as ChatGPT, have dramatically changed our interaction with technology, sparking both intense excitement and lingering fears of an AI uprising.
Velexa shines as the Innovation Leader in WealthTech

Velexa shines as the innovation leader in WealthTech

Velexa, a leading player in the WealthTech sector, has recently been distinguished by CBS as an Innovation & Disruption Leader.

Corlytics and Clausematch unite to revolutionise global RegTech

Corlytics, a leader in intelligent regulations and regulatory data, and Clausematch, a renowned policy management and compliance software firm, have announced a strategic partnership.
NatWest

NatWest urges collective effort to turbocharge open banking adoption in UK

A NatWest report has called for collective action to overcome hurdles preventing the broader adoption of open banking in the UK.

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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