Industry News

FCA

FCA bans referral fees to protect struggling consumers

The FCA has banned on referral fees for certain debt advice providers in an effort to support consumers facing financial difficulties.
Tink

Tink, ecolytiq merge FinTech and sustainability with carbon tracking feature

Open banking firm Tink and ecolytiq, a vanguard in climate engagement solutions, have come together in a collaboration.
Genie

Credit Genie cashes in on $4m Series A financing

Credit Genie, a personal finance platform, has recently shared that it has successfully raised $4m in Series A funding.
simplifalaunches-insurancegpt

Simplifai launches InsuranceGPT, a bespoke AI solution for the insurance industry

Simplifai, renowned for its AI automation solutions, introduces Simplifai InsuranceGPT - the first-ever custom GPT tool specifically crafted for the insurance sector.
Dig

Dig Security nets investment from Samsung for innovative cloud data security

Dig Security, a key player in the cloud data security space, announced today it has secured a strategic investment from Samsung Ventures.
ai-trust-defecit

AI trust deficit in advanced digital economies: Insights from Swiss Re Institute

Swiss Re Institute's recent analysis reveals that countries leading in digital advancements are likely to harbour lesser trust in artificial intelligence (AI) technology.
payvus-SMB-solutions

Aliaswire steps up SMB solutions with new PayVus platform

Aliaswire, a trailblazer in advanced technological solutions, recently launched PayVus, a state-of-the-art platform created to aid small and midsize business (SMB) owners.
scanbot-ai-manufacturing

The rise of AI in manufacturing: Streamlining processes through machine learning

According to software provider Scanbot, machine learning is ushering in a new era of efficiency and innovation in the manufacturing industry, playing a pivotal role in the fourth industrial revolution.
Alcion

Alcion’s AI-driven backup-as-a-service platform secures $8m seed funding

The spotlight today is on Alcion, a modern data management startup pioneering an innovative Backup-as-a-Service (BaaS) platform.

The crucial role of comprehensive AML/CTF risk assessments in business success

In today's dynamic business environment, organisations are facing ever-increasing compliance regulations. As a result, business-wide anti-money laundering (AML) and counter-terrorism financing (CTF) risk assessments...

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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