Industry News

State Street

Jessica Donohue to spearhead sustainability drive at State Street

State Street has welcomed Jessica Donohue to the role of Head of Global Investment Insights, Sustainability, and Impact.
Abound

Lending firm Abound secures £500m in debt and equity

Abound, a UK FinTech that uses open banking and AI to provide better loan deals to consumers, has scored £500m in a mixture of debt and equity finance.
Greenspark

Greenspark lands £1m to aid firms measure climate action

Greenspark, a firm that encourages businesses to take climate-friendly actions, has scored £1m in a seed funding round.
Market

What investment firms need to know about Market Watch 74

The UK FCA recently unveiled Market Watch 74, a newsletter offering an in-depth look into regulatory concerns.
Jenesys

AI startup Jenesys AI raises $1.1m for B2B accounting breakthrough

Jenesys AI, a trailblazer in B2B invoice management and payments, has pulled in new funding in its $1.1 million pre-seed investment raise.
FCA urged to better regulate philanthropy advice

FCA urged to better regulate philanthropy advice

The Law Family Commission on Civil Society has called for the UK’s Financial Conduct Authority (FCA) to make philanthropy advice training mandatory for financial advisors.
Hodoko

Hodoko teams with Citi to power payments on renewables marketplace

Hodoko has partnered with global financial services firm Citi to power payments for its first-of-its kind renewable energy marketplace Covento.
Mastering transaction reporting: Reducing risks and achieving compliance

Mastering transaction reporting: Reducing risks and achieving compliance

Firms facing transaction reporting obligations often find themselves navigating multiple regulatory regimes such as MiFID II, EMIR, Dodd Frank, and ASIC. Despite awareness of their duties, many aren't doing enough to meet the stringent regulatory standards.
The evolution of wealth management: A glimpse into IntellectAI's vision

The evolution of wealth management: A glimpse into IntellectAI’s vision

IntellectAI Partner & Senior Vice President, Hari Menon, and esteemed CIO, Investor, and Advisor Laura Meyer, recently discussed the future of WealthTech. The event, hosted by the Collaboration, Innovation, Technology Forum (CITF), marked a significant milestone in the journey of wealth management firms towards integrating AI, Entrepreneurship, and Visionary Leadership.

Wiz acquires Gem Security to advance cloud threat detection capabilities

Wiz, a cloud security vendor, and Gem Security, an innovative Israeli startup in cloud detection, have entered into an acquisition agreement.

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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