Industry News

Metropolitan

Metropolitan Commercial Bank faces hefty $14.5m fine over ID breaches

The Federal Reserve Board has clamped down on Metropolitan Commercial Bank, imposing a substantial fine of approximately $14.5m.
Sigma

Sigma Ratings becomes Sigma360: A new chapter in risk decisioning software

Sigma Ratings, a firm that aims to redefine how organisations approach risk management, has now rebranded as Sigma360.
Climate change, cost of living & geopolitics among top points at Davos

Climate change, cost of living & geopolitics among top points at Davos 2023

Leaders of governments, businesses and NGOs met last week at the World Economic Forum, which was hosted in Switzerland. Topping their concerns were climate change, cost of living and geopolitics.
How will Generative AI impact wealth management?

How will Generative AI impact wealth management?

Generative AI has taken the world by storm in just a matter of months. As companies look to assess whether the technology could transform their operations, will wealth management become a natural home for it?
Tietoevry Tech Services collaborates with Komatsu Forest to boost Dynamics 365 capabilities

Tietoevry Tech Services collaborates with Komatsu Forest to boost Dynamics 365 capabilities

Tietoevry Tech Services has been selected by Komatsu Forest as its strategic partner to enhance the functionality and efficiency of Microsoft Dynamics 365. This collaboration...
insurtech-qover-teams-up-with-volta-trucks-for-all-electric-fleet-insurance

InsurTech Qover and Volta Trucks teams up for all-electric fleet insurance

Volta Trucks, an all-electric commercial vehicle manufacturer and services provider, has partnered with InsurTech Qover and Helvetia International Automotive to provide its customers with an all-electric fleet insurance.
Singapore

How the Monetary Authority Singapore drives financial compliance

Flagright recently took the opportunity to take a deep dive into the Monetary Authority's history and its role in financial compliance.
The Radical Fund's $40m climate tech fund targets early-stage SEA startups

The Radical Fund’s $40m climate tech fund targets early-stage SEA startups

Announcing its first close of a $40m fund, The Radical Fund, a venture capital firm specialising in early-stage investments in the climate tech sector, has made waves in the FinTech industry.

MetLife and Lyra Health join forces for better workforce mental health solutions

MetLife, a key player in disability and absence management services, and Lyra Health, a top contender in the sphere of global workforce mental health solutions, are teaming up.
Zurich-insurance-cost-of-living-pressures-driving-up-insurance-fraud

Cost-of-living pressure driving up fraudulent claims, Zurich says

Zurich Insurance Group (Zurich) has reported a 31% increase in fraudulent property insurance claims in 2022 and a 7% rise in fake casualty claims.

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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