Industry News

Firms unprepared for FCA's Consumer Duty deadline, warns Bovill survey

Firms unprepared for FCA’s Consumer Duty deadline, warns Bovill

With the Financial Conduct Authority's (FCA's) Consumer Duty deadline just 50 days away, almost half of firms are unsure about the implementation timeline, a new Bovill survey indicates.
US

US Government ramps up cybersecurity measures with new OMB guidelines

The US OMB has launched new guidance on the prerequisites and procedures for federal agencies to acquire security guarantees.
MAS

MAS drives AI finance revolution with the 8th Global FinTech Hackcelerator

The Monetary Authority of Singapore (MAS) has announced the commencement of the 8th Global FinTech Hackcelerator.
Green

Green Check Verified’s acquisition of Komplyd to reshape cannabis FinTech landscape

Green Check Verified, a cannabis banking solutions firm, has acquired Komplyd, a CaaS platform targeting the cannabis industry.
nealthy

Blockchain firm nealthy secures $1.3m pre-seed and sets up base in Dubai

nealthy, a startup that seeks to democratise investment in Web3 tech via indices, has made a strategic move to Dubai and bagged $1.3m.
utah

ALKEME expands Utah footprint with Lincoln Insurance Group acquisition

ALKEME, a top 50 insurance brokerage in the US, recently announced its acquisition of the Lincoln Insurance Group. Based in Utah, Lincoln Insurance Group is a full-service insurance agency that was established in 2006.

Microsoft Hong Kong and OneDegree revolutionise InsurTech and cybersecurity sectors with Azure OpenAI

OneDegree Global, a foremost technology start-up making waves in the InsurTech and cybersecurity sectors, and Microsoft Hong Kong, a division of the global technology giant, have announced a strategic partnership.

Empowering insurance agents: Clearcover’s new Agent Hub simplifies policy sales

Clearcover, known as the next-generation car insurance company, recently announced the launch of its Clearcover Agent Hub, a revolutionary agent resource centre, aimed at strengthening its agent distribution channel.
Navigating the minefield of personal accountability in the digital era

Navigating the minefield of personal accountability in the digital era

In the rapidly evolving FinTech space, executive-level individuals across various organisations are finding themselves under the microscope. Theta Lake's Susannah Hammond recently explored the current minefield of accountability. 
regulatory

Is a shakeup of the UK’s financial regulatory framework on the horizon?

Amendments to the Financial Services and Markets Bill has put the UK's financial regulatory watchdogs in the spotlight.

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.

120,000+ FinTech leaders get exclusive industry stories delivered every week

Download the free AIFinTech100 report

FREE

Download the AIFinTech100 report for 2024 with details on each solution