Industry News

78% of Europe’s top financial institutions faced third-party breaches

SecurityScorecard's latest research, centred on the looming Digital Operational Resilience Act (DORA) compliance deadline of January 2025, reveals a disturbing level of third-party and fourth-party cybersecurity breaches among Europe's largest financial institutions.
Oxygen's strategic shift from banking to health solutions

Oxygen’s strategic shift from banking to health solutions

Oxygen, a FinTech platform renowned for its innovative banking solutions, has unveiled a pivotal shift in its operational focus.
insurity-and-atmecs-to-accelerate-cloud-based-software-for-P&C-carriers

Insurity and ATMECS to accelerate cloud-based software for P&C carriers

Insurity, a provider of cloud-based software for insurance carriers, brokers, and MGAs, has partnered with ATMECS Global to accelerate cloud-based software implementations for P&C carriers.
iwoca

European SME lending giant iwoca secures £200m funding line

iwoca, one of Europe's premier SME lenders, has unveiled a significant financial milestone in its trajectory.
Permiso

Permiso secures $18.5m in Series A to fortify cloud identity security landscape

Permiso Security, a startup in identity threat detection and response, has successfully secured $18.5 million in its latest funding round.
Fraud complaints drop after pandemic, but are slowly rising

Fraud complaints drop after pandemic, but are slowly rising

Fraud complaints to the Financial Ombudsman Service (FOS) soared during the Covid-19 pandemic, 44% higher in 2020 compared to 2019.
women

What are the most pressing issues for women in FinTech?

Whilst the FinTech sector is making leaps and bounds when it comes to improving diversity and inclusion, there are still a number of challenges for women in the industry.

Wisedocs disrupts the insurance sector with innovative AI Medical Summary Platform

Wisedocs, the trailblazing artificial intelligence software provider in the insurance industry, has recently announced its latest innovation, the AI Medical Summary Platform. Building on its existing suite of medical record review software, this ground-breaking platform presents a simplified and accelerated solution for medical record reviews catering to the diverse stakeholders in the insurance ecosystem.
Picket

PropTech start-up Picket lands $20m Series B financing

Picket, a firm that provides technology and services for residential real estate investing, has completed a Series B worth $20m.
Revolut Business launches Apple's Tap to Pay feature in the UK

Revolut Business launches Apple’s Tap to Pay feature in the UK

Revolut, a renowned global financial superapp, with a customer base exceeding 30m worldwide, has made a game-changing announcement.

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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