Industry News

Kraken

Kraken launches NFT marketplace beta to the public

Kraken, a digital asset platform, has unveiled the public beta launch of Kraken NFT, the marketplace for collectors to explore, discover and securely trade NFTs.
US regulatory priorities in 2023 & the coming years

US regulatory priorities in 2023 & the coming years

In recent years, United States financial regulators have established themselves as global leaders in enforcement. In 2022, they imposed $3bn in fines, nearly three...
83% of IT leaders under pressure for digital transformation

83% of IT leaders under pressure for digital transformation

The majority (83%) of IT leaders in banks, insurers and other financial services providers, are under pressure to deliver digital transformation.
Evergrande

Evergrande crisis: unmasking the web of associated risks in FinTech

In a post by Sigma360, the firm outlined how FinTechs can avoid a potential 'Evergrande', referring to the fall of China Evergrade.

How tech is boosting sales and improving customer experience

Artificial Intelligence (AI) has become a pivotal force in the retail sector, offering an innovative solution to the daunting challenge faced by retailers. Scanbot...
PNC & TCW forge new path in private credit solutions

PNC & TCW forge new path in private credit solutions

The PNC Financial Services Group, one of the largest diversified financial institutions in the US, and the TCW Group, a leading global asset manager, have announced a strategic partnership aimed at delivering private credit solutions to middle market companies.
Understanding the UK's Sustainability Disclosure Requirements for 2024

Understanding the UK’s Sustainability Disclosure Requirements for 2024

The UK is gearing up to introduce the Sustainability Disclosure Requirements (SDR) in 2024, marking a significant shift in the Environmental, Social, and Governance (ESG) regulatory landscape. This pioneering legislation is set to standardise how asset owners and managers communicate and market their sustainable investment products. Through a mix of anti-greenwashing rules, investment labelling, and disclosures, the SDR aims to assist investors in making informed choices about sustainable finance products and investments.
AbbeyCross

AbbeyCross secures $6.5m in seed funding raise for FX platform

AbbeyCross, a pioneering company in the FX sector, announced today a significant boost in its journey and secured $6.5m.

Preqin debuts ESG fund performance benchmarks to refine private market analyses

Preqin, a global leader in alternative assets data, tools, and insights, announced today the launch of its ESG fund performance benchmarks.
Riscosity

Third-party data observability platform Riscosity raises $7m

Riscosity, a maker of a third-party data observability platform, has raised $7m in a funding round headed by S3 Ventures.

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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