Industry News

IBM

IBM acquires HashiCorp in a $6.4bn deal to enhance hybrid cloud capabilities

IBM has acquired HashiCorp a multi-cloud infrastructure automation firm, at a deal valued at approximately $6.4bn, with IBM offering $35 per share.

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.
SEON launches free fraud prevention toll for businesses

SEON launches free fraud prevention tool for businesses

Online fraud prevention company SEON has launched a ‘forever free’ version of its fraud prevention platform to better help online businesses be protected.
Navigating the new terrain: how EMIR REFIT impacts financial reporting

Navigating the new terrain: how EMIR REFIT impacts financial reporting

MAP FinTech recently hosted a critical webinar aimed at equipping EMIR-obliged entities with the necessary insights and tools in anticipation of the EMIR REFIT implementation.
Raincoat

Raincoat harnesses $6.5m to accelerate climate disaster insurance

Raincoat, a firm tackling the challenge of providing scalable climate insurance solutions, has announced additional seed funding of $6.5m. 

Transforming corrupt cash flows: A look into the world of RegTech with Transparency International

Fenergo FinTalks podcast has released its latest episode where it aims to offer the newest insights into the world of RegTech, compliance, and anti-money laundering (AML).
Xoxoday, a prominent and loyalty solutions provider, has entered into a strategic partnership with resal in a bid to foster market growth in Saudi Arabia.

Xoxoday and resal partner to revolutionise employee engagement in Saudi Arabia

Xoxoday, a prominent and loyalty solutions provider, has entered into a strategic partnership with resal in a bid to foster market growth in Saudi Arabia.
Tractable's-top-3-trends-transformation-technology-adoption-insurance

Tractable’s top 3 transformation trends for 2023

The past year was a time of transformation and technology adoption across the insurance sector. This year, industry leaders are facing new challenges.
Standard

Standard Chartered updates value chain emissions reduction goals

Global banking group Standard Chartered has recently revealed that it has updated its key value chain emissions reductions goals.  
Goosehead-insurance-acquires-vivint-for-$5.5m

Goosehead Insurance acquires Vivint for $5.5m

Goosehead Insurance, an independent personal lines insurance agency, has acquired Vivint Smart Home’s insurance book which includes more than 15,000 policies for $5.5m in cash.

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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