Industry News

New partnership between BIS and MAS targets climate risks in finance

The Bank for International Settlements (BIS) and the MAS have recently collaborated on an innovative initiative.
sustainable

Sustainable Sukuk market guidance launched by ICMA, IsDB, and LSEG

Leaders in sustainable finance have recently jointly published new guidance on the issuance of sustainable sukuk.
9fin

9fin revolutionises debt capital markets with the launch of 9fin AI

9fin, a player in the AI-powered data, news, and analytics sector for debt capital markets, has unveiled its innovative product, "9fin AI".
The big data challenge: How SupTech is transforming regulatory expectations

The big data challenge: How SupTech is transforming regulatory expectations

The global regulatory landscape is increasingly demanding comprehensive record keeping strategies from firms. This focus is escalating as both regulators and firms are investing...
MAS

MAS launches transformative platform to combat money laundering

The MAS has unveiled Cosmic, an acronym for Collaborative Sharing of Money Laundering/Terrorism Financing Information and Cases, a new money laundering platform. According to Business...
Slice expands contractor insurance across 47 states with top-rated PHLY coverage

Slice expands contractor insurance across 47 states with top-rated PHLY coverage

Slice Labs (Slice), a leading innovator in the InsurTech sector, has expanded into seven additional states and the District of Columbia.
Sonnet to phase out auto insurance in Alberta, continues other services

Sonnet to phase out auto insurance in Alberta, continues other services

Sonnet Insurance Company has declared its intention to exit the auto insurance sector in Alberta after a detailed analysis of its operations within the...

Chuka Umunna takes charge of JPMorgan’s green economy and sustainable solutions

JPMorgan has promoted Chuka Umunna to Managing Director, Global Head of Sustainable Solutions, and EMEA Head of Green Economy Investment Banking.
PYOR

Global institutional participation in digital assets set to soar as PYOR raises $4m

PYOR (Power Your Own Research), a firm focused on the provision of high-fidelity data and insights for the assets industry, has raised $4m in...
European

Guiding AI development: Four ethical Pillars from the European Commission

In a recent post by RegTech firm Saifr, the firm outlined four ethical principles by the European Commission for developing trustworthy AI.

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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